Business is the collecting of receivables

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One of the most important functions in a business is the collecting of receivables. Collections, in its most basis form, is done from the accounts receivable aging, which groups the receivables into columns according to due dates. There are a few computerized collections programs that alert collections professionals if a company's credit score declines. Why would it be important to collect based on these alerts? Which of the methods of collecting do you think is more effective, the traditional aging or the credit score alerts?

Reference no: EM13920954

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