A steady, positive cash flow is crucial to the success of any business, especially one that’s still small and starting out. But to maintain this, you need to make sure you always get paid for the products and services you provide. This is where debt collection comes in. Small business owners might balk at the
Preferential payment claims happen all the time and if your company is the subject of one, it can cause a huge disruption in your cash flow. After all, it’s frustrating to think that the money you received—which is rightfully yours and is done in payment for a service or product you provided—can just be seized
The invoice is among the most important documents that your business will send out. It’s the key to making sure you get paid at the right time, in the right way, and with the right amount. Because of this, it’s crucial to choose the right format for your business invoice. Must-Haves of an Effective Business
In our previous posts, we’ve talked a lot about the detrimental effects that an inefficient and unorganised debt collection process can do to a business. Wasted resources, poor cash flow, and productivity loss are only a few of the negative impacts that we’ve highlighted. But today, we’re going to take a more positive approach and
An efficient credit control strategy is crucial to the success of any business. After all, this policy ensures you get paid for the products and services you provide. Unfortunately, the credit control process can be quite complex and time-consuming, which is why many business owners struggle to stay on top of it. As a result,
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