Receivables Management and Possible Use of Information Technologies
Lubos Smrcka 1 * , Dagmar Camska 2
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1 University of Economics, CZECH REPUBLIC
2 Czech Technical University in Prague, CZECH REPUBLIC
* Corresponding Author

Abstract

This paper is focused on receivables management and possibilities how to use available information technologies. The use of information technologies should make receivables management easier on one hand and on the other hand it makes the processes more efficient. Finally it decreases additional costs and losses connected with enforcing receivables when defaulting debts occur. The situation of use of information technologies is different if the subject is financial or non-financial institution. In the case of financial institution loans providing is core business and the processes and their technical support are more sophisticated than in the case of non-financial institutions whose loan providing as invoices is just a supplement to their core business activities. The paper shows use of information technologies in individual cases but it also emphasizes the use of general results for further decision making process. Results of receivables management are illustrated on the data of the Czech Republic.

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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Article Type: Research Article

https://doi.org/10.20897/lectito.201632

, 2016 - Volume 1 Issue 3, pp. 167-176

Publication date: 19 Jun 2016

Article Views: 3274

Article Downloads: 1662

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