Bad cash flow = bad news. And one of the biggest reasons for poor cash flow is customers not paying their invoices on time. So, how do you combat the potentially negative impact of outstanding invoices and get back in control of your payments and cash flow?
The key lies in some strategic use of technology, and a lot of thought about your internal processes and customer relationships.
It’s annoying when a customer doesn’t pay on time, especially if you’ve made your payment terms clear on the invoice and sent it to their finance team in plenty of time.
But there’s no point in taking out that frustration on the poor accounts payable clerk at the other end of the phone line. There’s an old adage in credit control that’s as true as it is effective:
‘Polite persistence pays!’
It’s been a hectic few weeks at Tyrrell & Company HQ in the build up to our Xero Trifecta event. But we’ve been overjoyed at the positive reception we got from attendees on the day. It’s been a hectic few weeks at Tyrrell & Company HQ in the build up to our Xero Trifecta event. But we’ve been overjoyed at the positive reception we got from attendees on the day.
The event was every bit the success we’d hoped it would be. And we were delighted at the number of delegates who packed into the Concorde Suite at the Imperial War Museum, Duxford, to find out more about our brand new Xero Trifecta solution.