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Managing receivables in the digital economy.
- Article from:
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Business Credit
- Article date:
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October 1, 2002
- Author:
- Lambert, Pete
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Copyright informationCOPYRIGHT 2002 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The age of technology has revolutionized and diversified the ways in whic we conduct business. Transactions are no longer bound to person-to-person exchanges, and we now have a multitude of options for the payment of goods or services. Technology has accelerated the evolution of the business cycle in a remarkable way, and as a result, the exchange of goods and services is faster and far more efficient.
This article will look at the way in which the business cycle has been transformed through technology, how the Internet has expanded business opportunities and how electronic bill presentment and payment technology has increased the efficiency of business transactions.
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