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    How can management practices speed the collection of receivables?

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    How can management practices speed the collection of receivables? Which management practices tend to slow the collection of receivables? How have recent changes in the banking industry influenced the collection process?

    © BrainMass Inc. brainmass.com October 9, 2019, 5:57 pm ad1c9bdddf
    https://brainmass.com/business/receivables/management-practices-speed-collection-receivables-73216

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    Management can speed up the collection of receivables by using a more efficient payment systems and cash management methods such as merchant processing, lockbox processing domestic and international wire transfers. The wire transfer's advantage is that it allows for same day use of funds. A lockbox service can allow payments to be mailed directly to their designated bank. Using ...

    Solution Summary

    This solution discusses management practices for accelerating the collection of receivables in 200 words with one reference.

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