Managed Receivables is a financial term that refers to the process of managing a company's accounts receivables. Accounts receivable refers to money that is owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Managed Receivables is an important tool in the financial industry, as it provides companies with the ability to track and manage their accounts receivables, ensuring that they are collected in a timely and efficient manner. This helps companies to manage their cash flows and improve their overall financial performance.
In simple terms, Managed Receivables involves a company outsourcing its accounts receivables management to a third-party service provider. This service provider may be a specialized financial company or a bank. The service provider takes over the responsibility of collecting the company's accounts receivables, managing the billing process, and following up with customers who have outstanding bills.
The service provider may also provide additional services such as credit checks, debt collection, and dispute resolution. By outsourcing its accounts receivables management, a company can free up valuable time and resources to focus on its core business activities.
In summary, Managed Receivables is a financial tool used in the industry to manage a company's accounts receivables efficiently, ensuring that they are collected in a timely manner. This helps companies to manage their cash flow and improve their overall financial performance.
Managed Receivables
Financial Term
Managed Receivables is a financial term that refers to the process of managing a company's accounts receivables. Accounts receivable refers to money that is owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Managed Receivables is an important tool in the financial industry, as it provides companies with the ability to track and manage their accounts receivables, ensuring that they are collected in a timely and efficient manner. This helps companies to manage their cash flows and improve their overall financial performance.
In simple terms, Managed Receivables involves a company outsourcing its accounts receivables management to a third-party service provider. This service provider may be a specialized financial company or a bank. The service provider takes over the responsibility of collecting the company's accounts receivables, managing the billing process, and following up with customers who have outstanding bills.
The service provider may also provide additional services such as credit checks, debt collection, and dispute resolution. By outsourcing its accounts receivables management, a company can free up valuable time and resources to focus on its core business activities.
In summary, Managed Receivables is a financial tool used in the industry to manage a company's accounts receivables efficiently, ensuring that they are collected in a timely manner. This helps companies to manage their cash flow and improve their overall financial performance.