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7 Tips

For Effectively Managing your Accounts Receivable Process in Challenging Times

During times of significant disruption and uncertainty, it’s essential for organisations to maintain business process efficiency as well as communication with customers and team members.

Based on our research, here are 7 tips to help you adapt your collections strategy, continue collecting cash, take care of your customers, empower your team, and come out on top (without being impacted too severely). 

  • Reassess your receivables situation
  • Adjust your collections strategy 
  • Digitalise documents 
  • Facilitate customer payments 
  • Manage customer relationships 
  • Ensure visibility & collaboration 
  • Ensure staff wellbeing