Question: Examine how efficient credit management and debt collection can affect an organisation's financial liquidity and analyse how these practices affect the company cashflow and overall

Examine how efficient credit management and debt collection can affect an organisation's financial liquidity and analyse how these practices affect the company cashflow and overall financial health. Answer should provide a detailed and well-structured discussion of efficient credit management and debt collection strategies, with strong examples and financial reasoning. Answer should be well-supported and insightful analysis of how these strategies influence an organisation's financial liquidity, supported by financial reasoning and real-world application. provides examples of some companies in South Africa

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