Money
4 Types of Late Paying Customers and How to Handle Them Each
When it comes to late paying customers, no single one is alike. Each has a different excuse for not paying, which constantly keeps you on your toes. However, deal with enough late paying customers and you start to see trends.…
Money
101 Ways to Optimize Your Receivables Management
Think about this: 43% of small businesses have customers who are more than 90 days past due on payments. In fact, 1 in 4 of these small businesses have serious trouble collecting payments from their customers. Late paying customers are…
Money
How to Get Paid Faster [INFOGRAPHIC]
Having trouble with late paying customers? You’re not alone. Small businesses are struggling with late paying customers at an alarming rate. So what is to be done? Collecting is never easy, but a few simple strategy alterations can make a huge…
Money, Trends
Small Business Payment Trends [INFOGRAPHIC]
In December 2011, PaySimple conducted a survey among small business owners and employees. Their hope was to gauge small businesses’ outlook on cash flow for the upcoming new year. However, the figures they came across where quite outstanding. Although small…
Trends
Debt Recovery Struggles: Just How Many Small Businesses Can’t Collect?
Debt recovery is never easy for any business, but just how bad is it out there for small businesses? Late paying customers can be lethal to these businesses, so how many are struggling with delinquent accounts? Thanks to a survey…
Money
Friends with Customers: Collection Recovery From Those You Know Best
Small business has many unique attributes, opportunities that are available only because of the size of the business and the accessibility. One of those is that as a business person, you are at times able to conduct business with some…
Trends
Accounts Receivable News: Construction Companies Wait Longer Than Ever to Get Paid
What’s happening with construction companies’ accounts receivable? Right now, in our recovering economy, we are more than well-aware that the construction industry, who took one of the hardest hits during the recession, has much to overcome. In such a hesitant economy…
Money
Call for Payment: Improving Collection Calls to Get Paid Faster
When you have sent your customer invoice after invoice and they have yet to return with their payment, the most effective step can be reaching out to that customer by telephone. Speaking with the customer, letting them understand your position…
Money, Trends
My Dog Ate Your Payment: Top 5 Customer Excuses for Paying Late
Excuses are a dime a dozen, especially in the world of credit collection. While you may face one you have never heard before (“Our bank account was hit by an asteroid”), customers usually offer a standard set of excuses for which…
Money
Late Paying Customers: How to Identify the Early Warning Signs
DID YOU KNOW? According to Dun and Bradstreet’s database of 34 million businesses, nearly 6% of these businesses’ dollars are over 90 days past due. Avoid being part of this statistic by learning how to identify late paying customers early…
