Blog post -

The collection process starts the day you sell

Getting paid on time is a proactive process rather than reactive. But many SMEs often start a discussion about payment with your customer when things are already falling apart. Initiate this process early and often, and resolve all invoice discrepancies speedily rather than letting things fester, advises Anto Baby, country head of finance for a Medtech company. 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

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

Contacts

Related content

  • Why Days Sales Outstanding (DSO) is an important metric for businesses to track

    The main goal of any business or entrepreneur is to sell goods and services, and earn profits from it. But tracking the monetary value of your revenue is not enough. We believe all businesses need to also keep track of another important metric — Days Sales Outstanding (DSO). This refers to the number of days it takes your business to collect its payments due from customers for completed orders, ba

  • Lessons for suppliers from the Evergrande saga

    By now, even those with a passing interest in financial news would have heard of Evergrande, the Chinese real estate company that has over US$305 billion of debt. With recent regulations in China that limit some developers’ ability to access financing, Evergrande is struggling to pay down its debt and maintain enough cash flow to stay afloat.
    This story is a multi-faceted one, encompassing eve

  • Business bankruptcies in England and Wales rise to highest level since 1960

    Businesses in England and Wales have voluntarily filed for insolvency due to supply chain disruption and price pressures from commodities and energy.
    In the first quarter of 2022, about 4,900 companies went bankrupt, a 117% increase from the same period last year, and a level not seen since the survey began in 1960, according to the Insolvency Service.


    Samantha Keen, UK turnround and

Enter your email address to follow RIABU

When you choose to create a user account and follow a newsroom your personal data will be used by us and the owner of the newsroom, for you to receive news and updates according to your subscription settings.

To learn more about this, please read our Privacy Policy, which applies to our use of your personal data, and our Privacy Policy for Contacts, which applies to the use of your personal data by the owner of the newsroom you follow.

Please note that our Terms of Use apply to all use of our services.

You can withdraw your consent at any time by unsubscribing or deleting your account.
Check your inbox

Email sent to __email__. Click the link there to follow RIABU.

Okay