The receivables process can be defined in the following steps:

• Credit approval and use
• Bills/Invoices prepared and sent
• Client follow-up needed
• Recovery process needed if they do not pay as per terms
• Legal recovery process needed if delinquency enters write-off status

Every step described above requires techniques and best practices that are critical to your ability to receive all receivables due to your company. If your current receivables management operations are not consistently trained nor have the technology and tools to properly manage the process of getting your money back anywhere along the way, then your risk of recovery increases dramatically.

When it comes time to partner with a company who can work closely with your accounts receivables team to properly management all stages of your receivables lifecycle, Purlieu should be your choice.