FG Philosophy & News, Receivables Management

Begin with The End in Mind: Be Upfront About Your AR Policy

Getting paid what your company is owed may sound like a simple and straightforward endeavor, but the reality is that 64% of small businesses experience financial stress or struggles due to late payments. How can this be? As the makers…

Continue Reading

Receivables Management

Beware: Industries Most Prone to Late-Paying Customers

Payment delays are among the most significant inhibitors to positive cash flow and growth for many businesses. A 2014 study of worldwide payment behaviors by Euler Hermes found that in general, the total number of late payments has increased. But some industries are…

Continue Reading

Money

The Best Strategies For Successful Collection Calls

When a customer hasn’t paid on time and isn’t responding to collections emails or letters, it’s time to pick up the phone. Having to make collections phone calls can be a pain, but by preparing well, you will make the…

Continue Reading

Management, Money

How Saying “No” Can Strengthen Your Client Relationship

In order to keep your customers paying you on time – and happy to do so – you need to proactively maintain your relationship with them. And in order to keep up a good relationship with your clients, you need…

Continue Reading