Monitor Accounts: Track accounts receivable to identify late payments, overdue bills, and outstanding balances.
Contact Debtors: Reach out to clients or businesses via phone, email, or mail to request payment.
Negotiate Terms: Set up structured repayment plans, split payments, or settlement options.
Resolve Disputes: Investigate billing errors, answer questions, and fix invoice discrepancies with other departments.
Maintain Records: Document all communication, agreed-upon plans, and collected funds accurately.