Money
Does Your Customer Data Support the Value of Your Receivables?
Trade Accounts Receivable (AR) represents the credit a company extends to its business partners. AR is essentially an approach to financing customers’ business operations, using the supplier company as the lender rather than a bank or other source. Particularly when markets…
Money
The 6 Most Ineffective Ways to Manage Your Receivables
Everybody wants to get paid and everybody wants to get paid on time. Getting paid is a business of itself, and it takes diligent management of your receivables to make it happen. However, not everyone realizes how much attention receivables…
Money
How Your Small Business Can Utilize Receivables Management Services
If you’re a small business operating on credit, chances are you occasionally run into obstacles when attempting to manage those receivables. You’re not alone in this. Small businesses across the country struggle with ways to properly oversee and handle these…
Money
Why You Should Automate Your Small Business Financial Management
Technology has let us do some incredible things—from landing an SUV on Mars to ordering a pizza in our underwear—but did you also know that technology can help your small business be more efficient overall? By utilizing modern technology and…
Money
Cash Flow Management: The Key to Your Business’ Vitality
You’d be hard-pressed to find a business owner who didn’t believe in the value of excellent cash flow management. The reason? Because they don’t exist. Business owners who don’t recognize the necessity for stellar cash flow management don’t stay business…
Money
How Collecting Invoices Is Eating Up Your Time
So, 73% of small businesses have had trouble collecting invoices in the past 12 months. What’s even worse is that these small businesses who deal with late payments are spending 6 hours a week chasing them. “Time is money” is…
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
Delinquent Accounts: The 3 Simplest Ways to Get Them Paid Fast
Nobody likes those words: delinquent accounts. Just hearing the phrase makes most business owners cringe. Delinquent accounts are synonymous with many things: a lack of cash, strained customer relations, losing sleep, unknown pay days, etc. etc. Delinquent accounts are something NO…
Money
Write Off Bad Debt: What It Means and Why You Should Prevent It
Every small business owner wants to know the answer to this question: “Can I write off bad debt”? The answer is mostly yes, especially when your a business who has receivables. Learn what is means to write off bad debt…
Money
Get Paid On Time: Your Receivables Starter Kit
You not only want you customers to pay you faster, but you want to get paid on time. Is that really to much to ask? No! However, it can’t be done without work, so it’s time for a little small business…
