Key aspects include:

• Credit Management: Assessing and setting credit limits for customers to mitigate risk.
• Billing Efficiency: Ensuring invoices are sent out promptly and accurately.
• Collections Strategy: Developing strategies for effective and timely collections.
• Reporting: Regularly reviewing and reporting on the status of receivables to identify issues and opportunities for improvement.
• Customer Relationships: Maintaining positive relationships with customers while ensuring they adhere to payment terms.