Published : Sep 02, 2024
B2B Collections: So, what's it all about? Let’s solve this conundrum today.
The process of collecting unpaid invoices from businesses or firms that owe money to another business is known as business-to-business (B2B) collections. This keeps companies' finances stable and guarantees that unpaid invoices are promptly collected.
Improving your B2B collections process is essential for maintaining a healthy cash flow and ensuring timely payments from your clients. Here are a few steps you can take to enhance your collections process:
There are a few recommended practices for B2B collections that can guarantee effective and successful money collection.
Increasing efficiency and saving time can be achieved by Accounts Receivable Automation. The actions to take are as follows:
To know more about how Inebura can help bring in efficiencies in your AR Management Process, write to sandeep@inebura.com
Sudarshan Banerjee is a Product, Process and Automation professional. His areas of interest include Sales Force Automation Tools, Sales Process Construction, Data Science, Data Analytics, Statutory Audit and Compliance, Project Management and Change Management.
He has over 19+ years of experience in Business Development, Sales, Process Planning, Business Strategy and Product Development spanning across various domains namely ITeS, FMCG,Financial Services, Travel& E-com.
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