What Is Enterprise Risk Management (ERM)?
Enterprise risk management (ERM) is a systematic process that organizations use to identify, assess, and mitigate potential risks that may affect their business operations. ERM involves identifying, analyzing, and responding to risks that may arise from external or internal sources.
What Is Accounts Receivable Management?
Accounts receivable management, or A/R management, refers to the internal process businesses use to secure and track payments from customers. Specifically, payments owed for products and/or services the customer has already received. Tracking all steps involving customer payment allows companies to