Tag: Accounts Receivable
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4 Key Concepts to Eliminate Accounts Receivable Problems
If you’re a credit professional, you’re in the business of managing your company’s receivables. But, what does this even mean? And how do you make an impact? These are topics we discuss in zlien‘s 6 Weeks to Success as a Credit Professional email course. This article constitutes the second lesson in the course. Sign up to get information…
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Battling Late Payments in the Construction Industry
Depending on which phase of the construction process your business fits into, your accounts receivable may take a hit. Contractors dealing with structures and foundation are lucky: typically the first on the site is the first to get paid. Those at the end of the process, such as building finishing contractors, often have a harder…
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A/R Management: When Traditional Tools Stop Working
As technology has advanced so too have the tools we use in our day-to-day lives. We don’t ride horses to work anymore, construction companies don’t use manual shovels to dig large holes, we rarely write hand-written letters, and many people don’t even hand-wash dishes anymore. Why? Because innovation and technology have given us faster, more…
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5 Collection Email Best Practices to Get Paid Faster in Construction
We all know what a pivotal role email plays in business as a means for quickly and effectively communicating with customers, business partners, suppliers, and other contacts. When it comes to invoice collection in the construction industry, email is just as important to the person in charge of collecting invoices as a hammer is to…
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CFM Review: Tech Savvy Construction Employees and Billing Nightmares
Every Friday, we select a few articles from the week that we think are worth your time as a construction financial manager (CFM). We look for compelling articles not only about financial topics, but about business, technology, and life, that challenges you to think about your role as a CFM in different ways. We’d love…