• HOW TO ENCOURAGE CUSTOMERS TO PAY ON TIME
    • 9

    HOW TO ENCOURAGE CUSTOMERS TO PAY ON TIME

    There are plenty of reasons why your customers are not paying you on time, and many of them delay payment because they are experiencing cash flow problems. If your customers are struggling with cash flow and you are afraid this will delay payment, there are several ways that you can address this issue to improve
  • HOW TO BUILD A COLLECTION ROUTINE
    • 25

    HOW TO BUILD A COLLECTION ROUTINE

    A collections process should not be taken with a haphazard approach. Without a set plan, the right accounts are not always contacted, clients are forgotten about, money is not collected and those at risk of not paying go unnoticed. If your collection process doesn’t follow a specific plan, it’s probably worth creating and following a

  • HOW TO REDUCE DSO
    • 13

    HOW TO REDUCE DSO

    To keep a business running, you need cash flow. As obvious as this is, cash flow isn’t always what it is expected to be. You may make a lot of sales, but if customers aren’t paying their invoices on time you will be running on empty. Each industry has its own average days sales outstanding

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