B2b Receivable Management refer to the management of outstanding payments between businesses. It involves tracking and collecting payments owed by customers, clients or other businesses. Effective management of B2B accounts receivable and collections involves establishing credit terms, sending timely invoices, following up on overdue payments and resolving any disputes. It is crucial for businesses to manage their B2B accounts receivable and collections to maintain positive cash flow and reduce the risk of bad debts. Strategies such as automating invoicing, implementing a collections process, and leveraging technology solutions can help businesses streamline their B2B accounts receivable and collections processes.
