Receivables Management

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

Orientation
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.
Conclusion
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.

References
Amoah, N, & Rao, A 2009, ‘RECEIVABLES MANAGEMENT: A CASE STUDY’, Journal Of The International Academy For Case Studies, 15, 6, pp. 51-58, Business Source Complete, EBSCOhost, viewed 10 May 2018.
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.
Gonen-Friedman, E., Innes, J.J., Newsome, S., Tan, M.L., Truitt, A., Jayanth, G., Fothergill, A. and Larson, P., Oracle International Corp, 2007. Methods and systems for online self-service receivables management and automated online receivables dispute resolution. U.S. Patent 7,181,420.
Hinton, B.D., Cushing, C.R., Christensen, J.T. and Yuen, K., JP Morgan Chase Bank, 2008. Method and system for receivables management. U.S. Patent Application 11/779,105.
Michalski, G., 2012. Accounts receivable management in nonprofit organizations. Zeszyty Teoretyczne Rachunkowości, 68(124), pp.83-96.
Salek, JG 2006, ‘UNLOCKING Greater Profitability From Receivables Management’, Financial Executive, 22, 8, pp. 55-56, Business Source Complete, EBSCOhost, viewed 10 May 2018.
Swarup, V 2011, Everything You Need To Know About Working Capital Management, [Newmarket, Ont.]: BrainMass Inc, eBook Collection (EBSCOhost), EBSCOhost, viewed 10 May 2018.
Wilson, M 2013, ‘BEYOND DSO: Intelligent Receivables Management Can Improve Customer Relationships’, Financial Executive, 29, 6, pp. 54-55, Business Source Complete, EBSCOhost, viewed 10 May 2018.
Leijdekker, J 2002, ‘It’s Time to Give Credit to Outsourcing: How New Technology Is Making It Easier to Outsource Part of Your Receivables Management’, Business Credit, 104, 2, p. 25, Business Source Complete, EBSCOhost, viewed 10 May 2018.
Rastogi, P 2009, ‘Economic slowdown: Managing receivables actively’, Paintindia, 59, 8, pp. 117-119, Business Source Complete, EBSCOhost, viewed 10 May 2018.