How Much Time & Money are You Spending On Managing Receivables?

If you offer credit terms then you probably have an accounts receivable collections problem and you may not even realize the negative impact that it’s having on your bottom line and your cash flow. Most companies sell on 30 day credit terms, yet most companies take between 45-60 days to collect on invoices. How long is it taking you? and how much money are you spending trying to collect it?

Typically companies don’t even focus their time and energy on collecting until a cash flow problem  arises or they are looking invoices grossly past due with huge balances. Sound familiar?

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