Case Studies

How Cano Electric, Inc. Cut Their Accounts Receivable Management Time By 75%

Cano Electric, Inc. is a full-service electric company located in Fort Worth, TX. It has been servicing about 500 customers from multi-family businesses, commercial properties and non-profit organizations for over 5 years. Recently, they found a way to reduce the…

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Case Studies

AR Management at Vryian Inc. Shifts Hands Seamlessly

When the employee responsible for Vryian Inc.’s AR management went on medical leave unexpectedly, CEO Sath Sivasothy feared that the process of managing invoices for over 2,000 customers would collapse into chaos. Between distributing electronic components for a multitude of…

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Accountants

Three Ways to Improve Outstanding Accounts Receivable Balances

It’s no secret that a stronger financial and working capital position is more important than ever when sustaining and growing a business. As a result, it’s imperative that your business revisit the facets of your financial supply chain to ensure…

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Case Studies

A Streamlined Accounts Receivable Process Helps Network Doctor Better Service Clients

As a managed services partner, Network Doctor has consistently excelled at maximizing small to mid-size companies’ efficiency by solving IT challenges. But internally, the team’s accounts receivable process was far from efficient. An Arduous Process Co-founder Paul Hilbert recalls the…

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Management, Money, Trends

The Secret to Automating Collections without Losing the Human Element

Managing accounts receivable is about managing relationships. And with any business, some relationships are good and others are not so good. Often times, finance executives and managers tend to oversimplify the A/R process. There is a stigma associated with “collections,”…

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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…

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FG Philosophy & News, Money

How to Craft the Perfect Initial Past Due Reminder Letter

Sometimes important obligations slip through the cracks. It happens to all of us: a forgotten phone call we promised to return, a utility bill payment that gets sent a few days late, an overlooked anniversary. Similar mistakes are bound to…

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Marketing & Strategy, Money

8 Ways to Encourage On-Time Payment Habits

The question of getting paid is always a sensitive subject, and late payments can cause riffs between perfectly amiable vendor/client relationships. How can you avoid missed payments and help your clients make a habit of paying on time? There are…

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Trends

If the Game of Thrones Characters Were Your Customers, Would You Get Paid On Time?

When it comes to running a business, you should look for management inspiration in as many places as possible. Therefore, in honor of the recent season premiere of HBO’s Game of Thrones, we ask “If the Game of Thrones Characters…

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