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…

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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

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…

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FG Philosophy & News, Money

The Final Countdown: Last Minute Collection Letter Tactics for Severely Delinquent Customers

There will always be those customers who don’t seem to want to pay, no matter how many invoices or well-crafted reminder letters you send. Hopefully your business can avoid these people, but if not, here are some tactics to help…

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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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FG Philosophy & News, Money

How to Use Sterner Language in Your Collection Letters

Asking for money can be uncomfortable, so having a plan for how you communicate at each stage of the collections process can alleviate stress. You should have a dunning letter template on-hand that you use when a client still hasn’t…

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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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Marketing & Strategy

Using Contracts to Get Paid on Time

What if you could get more clients to pay you on time, without investing more of your valuable resources into that painful process? Adding the right language to a contract at the beginning of a project can help make sure…

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Got Invoices?, Money

How the UCLA Research Administration Decreased Past Due Invoices (and How You Can Too!)

When the University of California, Los Angeles‘ research funding more than doubled over a 10-year period, they knew, without a doubt, that this was going to put tremendous pressure on their research staff. Unfortunately, the Provost of the school, Scott…

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Got Invoices?, 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…

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