Customer Master File (CMF): What and Why

As AR professionals are aware, the volume of customer data flowing into a business can easily become disorganized, inaccurate and out of date if not managed properly. Maintaining complete, correct and current information on customers can help AR ensure a smoother flow of incoming cash and avoid potentially costly errors — improving the bottom line of the company. Poor quality customer data can result in lost revenue, customer dissatisfaction and extra costs. In this article, IOFM takes a close…