Receivables Management

4 / 5. 1

Receivables Management

Category: Accounting

Subcategory: Business

Level: Masters

Pages: 1

Words: 275

Receivable management is an organization formed to assist clients to attain long-term receivables and goals. The receivables management adopts technology to connect its client’s through a business platform; the organization aims to solve receivable challenges that businesses experience through training and technological advancement (Leijdekker, 2002, pg. 25). The research seeks to examine the processes on receivable accounts management and demonstrate efficiency on technology they use to manage client’s businesses.


Receivables management focus on cooperating with clients to decrease their operational costs and increase revenue (Amoah & Rao, 2009, pg. 56).
Key activities
Receivable management is often entrusted with accounts of business clients of which they must operate with high levels of integrity (Campbell, Kramer, Cofran and Wellons, 2006, pg. 994). The receivables work to increase returns on clients’ accounts through a mutual partnership with the clients (Hinton, Cushing, Christensen, and Yuen, 2008, pg. 105). Usually, the receivables management staff must go through a series of training before they are entrusted with dealing with the clients’ accounts (Rastogi, 2009, pg. 118). The following will be the research questions of interest (Gonen, Innes, Newsome, Tan, Truitt, Jayanth, Fothergill and Larson, 2007 pg. 420):
How do receivables management use technology to manage clients’ accounts?
What are levels of integrity required among the staff to maintain accounts of clients?
Which are some of the receivables accounts of clients that can be maintained by receivable management enterprises?
Key learning points
Receivable management operates very vital accounts that must be managed while always upholding high levels of integrity (Michalski, 2012, pg. 86). The staff must apply ethics and a culture that does not encourage compromise to the clients’ accounts. To deal with the reports effectively, improved technology is required to access all the transactions into the business accounts and validate them before they are completed (Swarup, 2011, pg. 89). Receivables management is needed by every business organization that wishes to obtain their goals. Clients must always corporate with the receivables management to ensure that they are still in contact (Wilson, 2013, pg. 55). Receivables management requires a network of connection between the administration and numerous business organizations which have chosen to operate under receivables management.
Receivables management is essential to understanding a system of operation between businesses across the globe. Without integrity then the leading receivables management organizations will fail to deliver and hence loose trust from clients. Client’s contribution towards providing relevant account is another issue that should be taken into consideration.

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Campbell, S.J., Kramer, R.O., Cofran, J. and Wellons, R.S., CGI Technologies and Solutions Inc, 2006. Automated receivables management system. U.S. Patent 7,006,994.
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