Trade Receivables

Trade receivables are amounts owed by customers for goods or services delivered on credit. They are an essential part of a business’s accounts receivable and play a significant role in managing cash flow. Trade receivables are typically collected within a set payment term, such as Net 30 or Net 60.

Efficient management of trade receivables ensures businesses can maintain consistent cash flow and reduce the risk of overdue payments.

Automating the tracking of trade receivables helps businesses manage customer accounts more efficiently, reducing the time spent on manual collection efforts. AI-powered systems can prioritize collections based on customer risk profiles, improving the recovery rate of trade receivables. Optimizing the management of trade receivables helps businesses reduce DSO and improve overall financial health.