In order to stay compliant with all of the laws that affect accounts receivable professionals, you have to stay on top of and aware of all the current laws. A best practice for this would to stay educated. Never stop learning about your industry and what the latest trends are. However, if you simply don't
The Fair Debt Collection Practices Act is quite possible one of the most important credit and collections laws for an accounts receivable professional to know. This act determines exactly what you can and can’t say to a customer when calling to collect on a past due account, as well as when you call them. Many
Anytime Collect is a leading CLOUD-BASED accounts receivable software. Made specifically for businesses selling on credit terms, Anytime Collect AUTOMATES invoice dispute management, cash forecasting, customer communications, invoice presentment, online bill pay and credit management. The entire collections process becomes QUICKER AND EASIER.