Ask AI: what measures do you take to prevent overdue accounts?

1. Establish Online Payment Portals: Setting up online payment portals for customers to access and pay their bill can help reduce the amount of overdue accounts. Providing customers with an online platform to make payments can eliminate the need for paper checks being sent via mail and can reduce the time it takes for invoices to get paid. 2. Automate Payment Reminders: Automating payment reminders can help ensure customers don’t miss their payment deadlines. Automated emails, text messages, and other notifications can be sent out to customers to remind them when their payment is due and can help prevent future overdue payments. 3. Offer Early Payment Discounts: Offering early payment discounts can encourage customers to make their payments in a timely manner. Making customers aware that they can get a discount if they pay their invoices early can incentivize them to make their payment before it becomes overdue. 4. Offer Payment Plans: Offering customers payment plans can help ensure that customers have a way to manage their payments. Payment plans can be tailored to fit each individual customer’s needs, which can make it easier for them to pay their current and future invoices on time.