Collections Management helps the collections department within the accounts receivables function to identify, prioritize, and manage the collections opportunities. In this section, you’ll learn how to prioritize collections activities. You will also learn how to manage customers by grouping them together based on market segment, business unit, or risk profile.
Once you have identified and organized those customers, you will learn how to manage the data that results in the collections activities. This area of functionality helps a company to become more effective in its collections activities, which results in a greater percentage of accounts receivable invoices turning into cash.
The first step in configuring the Collections ...