Management accounting softwares today can be configured to show both debtors as well as creditors aging and much more. Financial auditors do highlight poor practices such as poor collection or payment but there isn't an NC or other mechanism to compel action. Therefore, it is left to the management - their habits or culture.
I guess there's no harm if you want to put this part (billing & payment) under the system.
I guess there's no harm if you want to put this part (billing & payment) under the system.

