Insights Invoice Factoring Blog
How to Prevent Invoice Disputes Delaying Payment of AR Accounts
Improve Customer Service and Cash Flow Invoice disputes are a common reason for the late payment of accounts receivable (AR) invoices. Sometimes, one disputed sales invoice can delay payment of the entire account. So, having a procedure to deal with disputed AR...
10 Tips for Determining B2B Customer Credit Terms
Examine Impact of Payment Terms on Cash Flow Most companies operating in a business-to-business (B2B) sector will need to offer customers credit terms. If a company insisted on cash with orders, it would be hard to win customers in a competitive B2B market. Whenever...
How to Collect Overdue Sales Invoices Without Losing Your Customer
Keeping the Balance Between Collections and Customer Relations If you want to maintain a healthy cash flow, you must keep on top of your accounts receivable, and that will inevitably mean sometimes chasing late payments. But collecting overdue accounts must be handled...
9 Quick Tips to Get Your Invoices Paid Consistently and On Time
Create and Enact Policies to Ensure Customer Payments One of the biggest problems a company has when selling products or services to another business is invoicing and getting paid. You need to get paid timely. Late payments impact your cash flow, which can affect when...
How to Prioritize Who Gets Paid When Cash Flow is Tight
9 Tips to Navigate a Cash Flow Crunch When a business is short of cash, paying the bills can become a significant headache. Then, the final demand letters begin to mount up, and every phone call seems to be an angry vendor demanding payment. It would be nice to be...
How to Get Started with Outsourcing
Follow These Steps to Implement an Outsourcing Strategy Outsourcing can help your company make better use of its resources. It can expand your company's capacity without much increasing its costs. If you have never explored the idea of outsourcing, though, you may not...
10 Reasons Why AR Should be Viewed as a Customer Service Function
Accounts Receivable Team's Actions Part of Brand Experience It is common practice for accounts receivable (AR) processes to be managed by the finance department. After all, a sales invoice is an accounting document, and chasing debt is a finance problem. It may be...
9 Strategies to Help Your Business Recover After COVID-19
Jump-start Your Business Post Pandemic The COVID-19 pandemic has been devastating for small and large businesses alike. Even those companies that remained open during the pandemic saw dramatic falls in sales. And, of course, consumers have been badly affected by the...
10 Reasons Why Your Business Needs an Annual Budget
Create a Roadmap for Success with Your Budget Preparing an annual budget can seem like a time-consuming effort. You might even wonder if it is a worthwhile exercise for a small business. After all, the hours you spend crunching numbers on a spreadsheet could be better...
10 Questions to Ask Before Giving Credit to B2B Customers
Implement Robust Credit Controls When a new business-to-business (B2B) customer comes to you with a large first order, your immediate inclination may be to open a bottle of champagne. However, there are risks involved in all credit accounts that it would be foolish to...