When you work with your vendors, money and goods flow both ways. Between purchase orders and invoices, bills, and payments, you’re typically paying the vendor and receiving the products you ordered. However, sometimes a vendor may owe you money due to a number of circumstances.
Keeping track of those vendor credits and collecting on them is essential to your business’s credit-to-cash cycle. Learn more about vendor credits and commercial collections services with Altus Receivables Management today.