WHAT IS CCM?Ĭredit & Collections Management (CCM) is a suite of integrated business applications that extend a company’s accounts receivable and accounting system to facilitate credit management, billing and invoicing, remittance processing, dispute management, and collections processes.Īccording to Paystream Advisors, CCM (also known as RCM) system functionality varies widely by publisher but typically supports six key functional areas – credit facilitation, billing and invoicing, remittance processing, collections management, dispute resolution, and reporting and analysis. CCM applications are designed to extend the accounts receivable module in your existing ERP accounting system to effectively manage credit and collections activities with integrated reporting and business metrics. This whitepaper covers 17 different strategies for reducing outstanding accounts receivable with the help of credit and collections software. There’s a better way to manage accounts receivable. This creates disparate, static information that is impossible to keep track of.
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Want something better than excel? Try Lockstep Inbox, our free AR application that will show you real time aging and other AR KPIs in minutes (yes, it’s free).ĭespite recent advances in technology that have been able to link almost every application together, a majority of businesses are still using spreadsheets and highlighters to manage their accounts receivable.
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