Answer:-
Receivables Performance Management (RPM) is the process of managing and collecting outstanding payments from customers to maintain healthy cash flow. It involves tracking invoices, sending payment reminders, negotiating settlements, and using collection strategies to reduce bad debt. Businesses often work with third-party agencies specializing in RPM to recover overdue accounts efficiently while maintaining positive customer relationships. Effective receivables management helps companies minimize financial risk, improve liquidity, and ensure steady revenue. By leveraging technology and data-driven insights, businesses can streamline collections, reduce delays, and enhance overall financial performance.
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