As a finance manager, you’re looking for ways to optimize your organization’s cash flow. This largely involves handling credit applications, keeping track of invoices for services rendered, validating payments, and ensuring accurate bookkeeping practices.
Every time a company utilises services from vendors or service providers, they are extended credit that has to be settled periodically. The accounts receivable team is responsible for evaluating and extending credit to clients, collecting timely payments for services provided, and maintaining healthy cash flow.
