Cash Collection Invoicing Management Accounting 
Nanonets
SEPTEMBER 22, 2023
It includes order management , credit management , order fulfillment , invoicing, accounts receivable, payment collection, and data management. Technology plays a vital role in streamlining the OTC process, providing digital invoicing, tracking, and data analysis.
Nanonets
SEPTEMBER 22, 2023
It is important to collect accounts receivable as soon as possible to avoid tying up working capital and facing longer business cycles. Implementing effective accounts receivable processes can involve setting up credit policies, issuing invoices promptly, collecting payments efficiently, and maintaining AR reports.
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