Money, Receivables Management

Red Flag Indicators of Late Paying (or Non-Paying) Customers

Dean Kaplan, The Kaplan Group Not getting paid is very painful.  Once an invoice is past due, the chances of collecting decline more than 1% per week according to annual surveys by the Commercial Law League of America. By the…

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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.…

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Money, Receivables Management

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 have serious trouble collecting payments from their customers. Late paying customers are a true epidemic and…

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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…

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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…

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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…

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FG Philosophy & News, Got Invoices?, Money

Tracking Down Past Due Invoices: Improve Your 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…

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