Blog post -

Prioritise a plan for managing cash flow

Your new customer won't always tell you all the things they expect you to do in order for them to process the invoice. Daryl Albury, finance head for Asia for a mining services provider, believes that buy-in from top management, as well as from the various departments related to a company's cash flow, is critical when it comes to ensuring a business gets paid on time. Check out his full conversation with RIABU's Simon Littlewood.


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

Categories

  • business owners
  • sme
  • accounts receivable
  • balance sheet
  • cfo
  • late payments
  • smes
  • invoice
  • cash flow

Contacts

  • WhatsApp Image 2022-02-24 at 11.19.58 AM.jpeg
    License:
    All rights reserved

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

  • How SMEs can improve cash flow when it comes to large clients

    Small companies face many challenges while running their businesses, one of which is how to deal with customers who are major companies and who therefore have more economic weight.
    In India, for instance, a consulting company worked on implementing a project for a large engineering company, with 20 of its staff positioned at various sites for more than a month. For its work, it billed the cli

  • Send accurate Invoice at the first time itself

    Early contact with your customers and prompt discrepancy resolution mechanism plays a big role in accounts receivable. In this conversation with RIABU's Simon Littlewood, Teginder Singh, CFO of the Southeast Asia region at a global logistics company with a special focus on accounts receivable function, shares his experience in dealing with different types of customers and the types of invoicing mi

  • Small businesses in the United States are worried about country’s economic health

    Small businesses in the United States face a grimmer outlook due to inflation, supply-chain issues, a shortage of labour, and rising interest rates. Focus on cash flow management has become more important than ever.
    Want to know more about this topic? Listen to RIABU's Simon Littlewood and Mark Laudi discuss this issue on our podcast, Be First In Line To Get Paid:

    According to a survey o