Description: Debt management refers to the processes involved in collecting payments from customers. This set of activities is essential for maintaining the financial health of any business, as it ensures that income flows consistently. Debt management includes issuing invoices, tracking accounts receivable, communicating with customers about their debts, and implementing strategies to recover overdue payments. Additionally, it may involve the use of online payment platforms that facilitate quick and secure transactions, allowing customers to make payments conveniently. Efficiency in debt management not only improves cash flow but also contributes to customer satisfaction by offering flexible and accessible payment options. In an increasingly digital business environment, debt management has become more sophisticated, integrating technologies that automate processes and provide data analytics to optimize revenue recovery.