What are the best ways to get customers to pay on time?
There are not many factors that control the cash flow of a business more than customers and the time frame in which they pay for products or services. In short, customers pay late, cash flow suffers. Customers pay on time, resulting in positive cashflow. When it comes to accounts receivables, it’s that simple.
However, we are not living in an ideal world and for many in business, chasing down payments is just part of running a business. If your organization extends credit in any way, you’ll be investing some measure of resources in trying to get paid on time. From forgetful customers, disputes to a charge to the more trying cases such as customer just not […]