Receivables management
The receivables management has its origins in the Anglo-American corporate practice (Credit & Collect). In Germany it was established in the eighties and is assigned to accounting . Other names for receivables management are credit management and condition management . The term accounts receivable management , which is also often used , also includes regular accounts receivable accounting (posting of invoices, complaints, credits, etc.).
Companies grant their customers short-term loans by granting value dates and / or payment terms. Receivables management grants and administers these loans, it aims to keep bad debt losses as low as possible and to maintain the company's liquidity at all times.
More and more companies are transferring receivables management to debt collection companies ; Outsourcing usually reduces your own personnel and material costs.