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FG Philosophy & News, Money
Accounts Receivable Management: 13 Tips and Tricks to Get You Paid
Ever wish you could just snap your fingers and start getting your late paying customers paying on time? Dream of your delinquent accounts miraculously mailing you in a check? Sadly there is no (yet) discovered magic that can help make…
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, 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…
FG Philosophy & News, Got Invoices?, Money
Send a Reminder Before an Invoice Becomes Past Due
Late payment calls or emails can be awkward, and they can distract from the more important aspects of your business. Avoid chasing down your clients for payments by sending a friendly reminder before the payment is even due. A Friendly…
Money
Collection Call Script: Prepare Yourself to Get Paid
Immediately access the collection call script. When you have a customer who hasn’t paid you and you want your money (who doesn’t?), one of the most effective things you can do is get on the phone and call them. Although…
Money
Collection Letter Template: Figures of Speech to Get You Paid on Time
Getting customers to pay on time is like pulling teeth. When people say they have a process to make collections as easy as ABC, their explanation is about as clear as mud. It seems like their is no REAL solution and…
Money, Receivables Management, Trends
Receivables Management: 5 Reasons Why Customers Pay Late and the Solution to Each Case
Next time you call a customer to follow-up on an invoice, it is important you know how to sift through the excuses they give over the phone or in an email. Unless you know the precise reason why they are…
FG Philosophy & News
How to Reduce Your Days Sales Outstanding By Over 50%
Here at Funding Gates, we love seeing how every day the FG Receivables Manager helps businesses seriously reduce their delinquent accounts. The conversations we have with our customers on a daily basis are inspiring as we learn how these companies…
FG Philosophy & News, Money
Calling Before the Due Date: How Proactive Contact Could Get You Paid on Time
Editor’s note: Pss…we have FREE call scripts to help you on your collection calls HERE In a perfect world, all of your clients would send you timely payments for each billing cycle. You could send out invoices, and the payments…
FG Philosophy & News, Money
Sending a Severe Letter to an Unresponsive Customer
When you have attempted to contact a delinquent customer for a while and gotten poor excuses – or no response at all – it’s time to turn to a severe letter demanding that your client take action. The best way…