A producer of specialty electronic components is located in Arkansas,while many of its customers are located in California,Texas,and Florida.This company may seek to use

Question

Quizplus · Accepted Answer

Since the company has customers located in different states, electronic invoice presentment and bill paying, lock boxes, and concentration banks can all be useful to help with payment processing and cash management. Electronic invoice presentment and bill paying allow customers to easily and quickly pay invoices and for the company to receive payment electronically. Lock boxes provide a secure way to receive payments, while concentration banks can help consolidate funds from different locations for easier management. Therefore, using all of these options would be the best choice for the company's payment processing and cash management needs.

A Producer of Specialty Electronic Components Is Located in Arkansas,while