An excellent article in Real Business Magazine focuses on 27 ways to boost your cashflow. As Finance Directors this inevitably falls under our remit for clients and I am proud to have contributed to the article.
My specific contribution – Invoice as soon as possible, regularly, not just at the end of the month and I totally recommend reading the other 26 thoughts and many wise words.
I have long maintained that not all customers are good customers, specifically those that don’t pay – luckily I have great clients.
The cash collection process starts as soon as contact is made with a prospect – the exact details of the process will vary depending on the nature of a business but expectations should be set right away about what is being delivered, for what price and when both delivery and payment are going to be made.
Starting to feel myself getting on a high horse so will leave you there with that thought – if you want me to get back on my high horse feel free to get in touch.
Posted To: Cost Savings
