Author: Meredith Wood
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Payment Incentives: The Key to Motivating Customers to Pay on Time
When you’re looking to get paid on time, there are many channels you can explore, but one of the most assured ways is to motivate your customers to do so. How? By rewarding your customers for paying early and imposing consequences for those that choose to pay late. Use these incentives to collect your money…
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Collections: Considering the Relationship When Collecting Payments
When you’re running a small business, you know one thing: relationships are key. Your customers are what fuel your business and you really can’t afford to lose even just one. That’s why when it comes to talking to customers about late payment, you often find yourself hesitating. You never want to do anything that could…
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Credit Management: The 8 Do’s and Don’ts of Receivables Management
If you extend credit to your customers, you know just how difficult it can be to get paid. Invoicing your customers requires attentive management and to have a successful A/R process, a certain dedication is required. If you want to get paid and get paid faster, follow these 8 do’s and don’ts of receivables management.…