The most common cash management technique used to speed up collections is:

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Lockboxes are the most common cash management technique used to speed up collections as they allow customers to send their payments directly to a designated P.O. box or address, which is then collected and processed by the bank. This process speeds up the collection timeline and reduces the amount of time it takes for businesses to receive payments. Wire transfers and SWIFT are also commonly used but are more suited for international transactions, while in-house processing can be time-consuming and costly.

The Most Common Cash Management Technique Used to Speed Up