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Yes, you CAN do something about your receivables

Yes, you CAN do something about your receivables

February 18, 2019
Late payment of invoices has always been a perpetual problem, and if you're like most companies, you probably think you can't do anything about it. 
 
But you can - without borrowing money or factoring your invoices. And you definitely don't have to make those acrimonious phone calls or send legal letters chasing your customers for payment. 
 
Our RIABU experts Mark Laudi and Simon Littlewood discuss how you can significantly improve collections by leveraging and making better use of the resources and redesigning in-house processes that are readily available for any organization.
The first mistake in trying to get your invoices paid on time is to hand it over to finance and the accountant

The first mistake in trying to get your invoices paid on time is to hand it over to finance and the accountant

February 15, 2019
You might think invoicing and collections are solely the finance department’s responsibility, often pushing the obligation to them to address late invoice payments.
 
But one of the common reasons for delayed payment is the lack of clarity in communicating the payment terms to the customer from the beginning, which does not involve the finance department.
 
In this episode, RIABU experts Simon Littlewood and Mark Laudi debunk that misconception explaining the process on how collections work, why it is not just the responsibility of the finance department and that it is fundamental for stakeholders to get involved in the act to ensure their company gets paid on time.