zlien blog

Tag: Accounts Receivable

  • How A/R and a Lien Policy Work Together

    A thorough Lien Policy can form the backbone of a strategic A/R collection plan. Implementing a lien policy can reinvent a company’s receivables, which leads to less bad debt and fewer write-offs. Getting Paid in the Construction Industry Is Tough Getting Paid in construction industry is harder than in most other industries. There are many reasons for this…

  • Lien Policy: Best Practices and Overview

    Lien Strategy Before getting into the ins and outs of lien strategy, it’s important to note that filing a lien is only one step in the process of lien rights management, and lien rights management is just one aspect of credit management and receivables policy for construction companies. The zlien methodology: Protect, Monitor, Warn, Secure,…

  • Construction Financial Management: The Year In Review

    Cash is king, and, therefore, is important to construction industry participants, as it is to any business. Managing finances in the construction industry, however, presents some unique challenges. The credit industry has a convoluted payment structure, and most extensions of labor and/or materials to construction projects are done on a credit basis. Further, construction companies must maintain positive cash flow to…

  • How to Find and Develop the Ideal AR Professional

    You and your cash flow rely completely on your accounts receivable team. This is a huge responsibility, and one that should be taken seriously. To get the best results, AR professionals must have immense insight and the ability to handle situations with care as an essential part of your CRM team. If you’re an SMB, it…

  • 7 Blogs Every Construction Professional Should Follow

    Keeping up with blogs might not be your top priority, but there are some great resources out there that offer valuable insights on improving receivables performance, advancing business practices, and adhering to a changes in construction law. As chief legal officer of zlien, I spend a lot of time sifting through various legal and business…