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Friday, May 4, 2012

Maintaining good customer relationships

It is in interest of all businesses to maintain good customer relationships. However, this could prove difficult when bad debt collections become an unpleasant reality. The Accounts Receivable department can play a major role by keeping this goal in mind when collecting on past due accounts. Whether collections are handled in-house or preferably through a third party collection agency, efforts should be made to retain the customer, if possible.

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