What is the collection level 1?
Collection Level 1 is a step in the collection scenario of Trade Receivable. When the buyer does not pay the amount owed to the seller by the due date, it leads to a late payment. This can happen...
What is collection level 2?
Collection Level 2 is the third stage of a standard collection scenario. You must tailor it to your company's activity sector, customer types, and commercial strategy. It happens when payment is...
What is the collection level 3?
The collection level 3 is the last step of the amicable cash collection process. At this point, we already made numerous efforts to manage old overdue accounts. Credit Managers take this step after...