Cash Collections

Consider cash collection items. How can a firm minimize this time and what are some of the costs? Do we worry about this as individuals as well? If so, how? (Excellent presentation on Cash Management and various ways companies can increase cash collections.(Cash Management by Dr Chitkara) (PDF file of the article is posted in Content - Week 7 - Articles for Discussion Week 7.) https://learn.umgc.edu/d2l/common/dialogs/quickLink/quickLink.d2l?ou=450033&type=coursefile&fileId=cashmanagement-120809012912-phpapp02.pdf