There are two things you must have to offer payment terms. Cash is the lifeblood of virtually every company. You must have adequate margins in order to afford the extension of credit, and you need excellent availability to working capital for those times when customer payments don’t keep pace with outgoing expenses and clients go into collections. Managing receivables goes hand in hand with minding the store and managing Cash Flow.
When your receivables become past due, the quicker you move to collections, the greater your chances of both getting paid, and somewhat paradoxically, the better your likelihood of retaining the customer. Contact Commercial Receivers today – the nations premier discount commercial debt collection agency to learn more.
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