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Definition of "Accelerating cash inflows"

Faster recovery of cash inflows helps the firm to use them wheneverrequired or to invest them for better returns. Customers all over the world are instructed to send their payments to lockboxes set up at various locations, thereby reducing the time and transaction costs involved in collecting payments. Also, through pre-authorised payment, an organization may be allowed to charge the customer’s bank account up to some limit.

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