Tip

/Tip

Get paid faster by changing your relationship with debtors: a relationship expert tells

2018-03-05T23:53:05+00:00

Amanda Lee, Receivables Management Advisor Google ‘how to get paid faster’ and you’ll find list after list of tips and tricks to improve your collections process. While a disciplined process matters (you’re lost without it), seasoned receivables management specialist, [...]

Get paid faster by changing your relationship with debtors: a relationship expert tells2018-03-05T23:53:05+00:00

Negative to Positive Cash Flow Tip 3

2017-02-23T01:55:48+00:00

Tip 3: Keep your AP Days shorter than AR Days. If you must sell on credit, make sure that the time it takes to get paid (accounts receivable days) is always substantially less than the time it takes to pay [...]

Negative to Positive Cash Flow Tip 32017-02-23T01:55:48+00:00

Simple overdue account collection Tip 2

2017-05-17T02:08:21+00:00

It's all about Respect Money is a difficult topic to discuss. We are a society conditioned to believe that it is rude to talk about money, especially asking for it. Remove this from your thinking when calling a debtor about [...]

Simple overdue account collection Tip 22017-05-17T02:08:21+00:00

Negative to Positive Cash Flow Tip 2

2017-02-23T01:53:50+00:00

Tip 2: Get someone to walk through your cash flow statement with you slowly. Ideally this would be your CFO, accountant, or someone with a background in reading financial statements. Look carefully at one line item, which is the cash [...]

Negative to Positive Cash Flow Tip 22017-02-23T01:53:50+00:00

Simple overdue account collection Tip 1

2017-05-17T02:07:40+00:00

The Critical "window of time" There is a critical 'window' of time in which you should speak to your customers whose accounts have fallen overdue. Leaving this too late reduces the chances of collection, so the key to converting late [...]

Simple overdue account collection Tip 12017-05-17T02:07:40+00:00

Negative to Positive Cash flow: Tip 1

2017-02-23T01:50:31+00:00

Tip 1: Beware of becoming a banker. Remember that when you give credit to customers, you are now in the banking business, as well as your core business. Ask yourself: Do you want to be a banker? I find that [...]

Negative to Positive Cash flow: Tip 12017-02-23T01:50:31+00:00