It is a process starts from the time a customer is acquired and created in the system and continues till the time the customer has made a payment against his invoices and cash is correctly applied against it.

This is the process of ensuring continuous cash flow is maintained in an organization.

What comes in after the sales team has submitted the customer onboarding form to the credits team.

What cycle does Order management team fulfils the orders/products/services?

A process of consolidating all the billable in a customer account and creating a bill or an invoice. All charges that gets added to a customer’s account is consolidated and then sent out to the customer in the form of an invoice.

Auto Billing, Cash Billing, Multiple Billing. Odd man out

The total debt of a customer. It shows the total amount that a customer owes to an organization.

Every customer who does transaction with the organization is created and have an account in BRM tool.

This is recognized at the time when ownership transfer of either a product or service happens.

In BRM there is a scope of adding few automatic collection strategies on overdue accounts.