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

Question

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Lockboxes are the most common cash management technique used to speed up collections. With this technique, a company establishes a post office box at a bank near its customers. Customers send payments to the lockbox, and the bank processes the payments and deposits them into the company's account. This technique reduces the time it takes to process payments and improves cash flow for the company.

The Most Common Cash Management Technique Used to Speed Up