Reliable cashflow is critical to the success of any business. It can mean the difference between a business that survives and a business that thrives. Sadly, it can also mean the demise of a business – where the accounts receivable function isn’t given the consideration or attention it deserves.
For the most part, customers will pay you when it is convenient to them, either within or outside trading terms. Smart businesses understand that they will get paid quicker if they:-
- make it as easy and convenient as possible for customers to pay
- have an effective reminder workflow in place
- identify payment pattern changes or collection issues early
- focus accounts receivable staff attention where it should be
- are able to escalate collection activity as appropriate
Access Insiight can do this all automatically for you. We have partnered with an established AR platform provider to help our clients increase working capital by supercharging their accounting software. Our Access Insiight platform is coming soon.
Be first in line for details when they are available here.