Firms implement centralized systems with respect to receivables and payables in order to:
A)monitor collections.
B)ensure payments are made on time.
C)monitor payments.
D)all the above.

Question

Quizplus · Accepted Answer

Firms implement centralized systems with respect to receivables (monitor collections) and payables (ensure payments are made on time and monitor payments) in order to have better control over cash flows and to minimize the risk of errors or fraud. Therefore, all the above options are correct.

Firms Implement Centralized Systems with Respect to Receivables and Payables