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Month: March 2018

Managing Debt Collection for Maintaining a Strong Cash Flow Position

Managing Debt Collection for Maintaining a Strong Cash Flow Position

Managing Debt Collection for Maintaining a Strong Cash Flow Position Whatever is happening in the increase of online business and the growth in cryptocurrency, money is still the lifeblood of any business. Some might see having a large balance on the credit side of the balance sheet as healthy, but a large amount of debt and many debtors impacts the business in terms of cash flow and that reduces the amount of cash available for operations. Chasing debts costs money….

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Demand Letters

Demand Letters

Sending a demand letter to customers with overdue payments can have a huge impact. This service is an effective way to let your customers know payment is still required and ensure they pay money owed as fast as possible. Sending a once-off letter means you only have to pay for the cost of the letter, and are not tied into any continual service. The best part is the letter usually has a high recovery rate if sent within the 90…

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