Blog post -

Convincing a team that cash flow must be a priority

When a company operates in 30 different markets there is pressure on sales and growth, but if the CEO is actively involved in weekly account receivables meetings, it reinforces ownership for all departments of the company which results in getting paid on time and improving cash flows.

Group CFO Rajiv Ramani talks to RIABU's Simon Littlewood about his experience with putting cash flow management processes in place, and the areas to pay attention to if executives want to make sure such changes are effective.




Get more tips on effective cash flow management from our book, Let the Cash Flow. To find out more about how RIABU helps small businesses get paid on time, visit RIABU.com

Topics

  • Business enterprise, General

Contacts

Mark Laudi

Press contact Managing Partner (+65) 6223 2249

Related content

What is customer intimacy?

To keep your business running, it is not enough just to have satisfied customers. You need loyal customers. That is because acquiring a new customer is five to 25 times more expensive than retaining an existing one.
So, no matter what business you are in, listening to your customers in order to retain their business is essential. And to do that, you need customer intimacy.
Customer intimacy

The invisible cost of late payment on small businesses


Anyone running a small business will understand how late payments from customers can not only be a problem in the short term, but could also lead to closure of your business. That’s because late payments are not just delayed cash flow but involve numerous other visible and hidden costs. As delayed payments affect businesses, it impacts the economy too. For instance, the annual cost of late pay

Overdue invoices are piling up for small businesses in the United States

A survey of 1,000 small businesses in the United States by Melio and YouGov highlights that more than half of them experienced late payments from large companies, which significantly impacted their business, delayed hiring, and reduced their ability to recover from the pandemic.
They believe large customers are deliberately delaying payments, which is leading to higher interest costs as they ha