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

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.