zlien blog

Tag: Accounts Receivable

  • Cash Management: What Smart Financial Managers Know

    Today, at the Construction Financial Management Association (CFMA) Annual Conference, experienced construction industry financial professional, Steven Lords, is presenting an all day “mini-conference” on Cash Management. Cash management is a highly valuable topic for construction participants. There are obvious reasons why cash is important to any business, but there are additional layers of value in…

  • The 5 Quickest Tricks to Take your Receivables Management to the Next Level

    Getting your clients and customers to pay on time is one of the many challenges you’ll face as a small business owner. With that in mind, what can you do to take your receivables management to the next level? Threaten an untimely demise to all accounts not paying on time? That’s definitely not the answer.…

  • The Payment Funnel: A Step-by-Step Guide to Overhauling A/R

    The Payment Funnel is an important, and useful, concept that can reinvent your receivables and lead to less bad debt and fewer write-offs. But, before the specifics of the Payment Funnel concept are discussed, a little bit of background on the problem we’re looking to correct should be provided. Payment Funnel Background: Getting Paid in the…

  • 5 Reasons to Drop Demand Letters for the Notice of Intent to Lien

    [quote style=”boxed” float=”left”]We have a secret about making demands for payment … the usual way is not always the effective way[/quote] Getting paid in the construction industry can be complicated and frustrating. We at The Construction Payment Blog believe in your right to get paid what you earn, but the best way to demand payment…

  • Create and Use A Payment Funnel to Reinvent Your Receivables

    It’s no secret that getting paid in the construction industry can be difficult. Obstacles to payment seem to spring up constantly: pay when paid provisions, bankruptcy, joint check agreements, workmanship disputes, and more all cause hassles when companies attempt to get paid for the work they’ve done. The cost of this payment problem is severe. In both a cause…