KC Estoesta

Gain a deeper understanding of the impact of late payments on your business. We list down the true costs of late payments – and ways you can prevent them.

Every business will have some strategic goals that it aims to achieve. A descriptive road map detailing performance indicators and parameters is necessary to make this possible. Re-imagining the budgeting process for the new way businesses are run makes it possible to unlock deeper insights that can help businesses adapt to changes.

Financial reporting is more than a compliance requirement—it’s a vital tool for understanding your company’s performance, making informed decisions, attracting investors and lenders, and building trust with stakeholders. In this article, we explore how accurate, data-driven financial reports can provide real-time insights, improve cash flow management, and set your business on the path to stronger financial health and sustainable growth.

Designing and implementing an effective order-to-cash process can transform your business cashflow and set your organisation up for rapid growth

Looking to offer B2B credit? It’s a smart move that aligns with industry standards for flexible payment options. While offering credit terms has benefits, managing delayed payments is crucial and it all starts with your business credit application template.

Managing cash flow can be challenging even during the best of times for many businesses. The COVID-19 pandemic has added several layers of complexity in terms of managing cash flow. While timely strategies on inventory management and cost-cutting help, available data shows money often gets tied up in accounts receivables. Prioritizing accounts receivables (AR) management is the key to optimizing cash flow.

Offering credit to your customers is an effective way of encouraging them to spend more on buying your products or services. In some industries such as wholesale, trade, or distribution – credit might be a requirement for doing business. Extending credit to your B2B customers could also help your business gain a distinct competitive advantage in your market.

Businesses who extend credit to their customers face the risks of non-payment or delayed payment that impacts their cash flow and business growth. To mitigate such risks, businesses need a robust credit risk management policy.

The financial health of your company depends on how well your business can collect on sales. Unfortunately, it is often performed with inadequate forethought to the systems, staff, strategy, and tactics to deliver exceptional results. And businesses find that their customers are using them as a bank, with many overdue invoices impacting the cash flow and growth prospects of the company. Here we will look at how it is possible to increase your company’s cash flow performance with better planning, execution, and technology

COVID-19 has changed trade as we know it, perhaps forever. What hasn’t changed is your need to get paid on time. However, it’s the suppliers who engage in connected and empathetic communication with their customers now who will reap long-term rewards.

On 24 March 2020, the Australian Government’s Economic Response to the Coronavirus package passed without objection through Parliament. With the green light to go ahead, the economic stimulus package, currently worth $84 billion, promises direct financial support for workers and students and a cash flow boost for businesses and not-for-profits.

In this post, we break down the anatomy of a demand letter so that you can create a compelling piece of communication that expedites cash recovery.

A collection call may be a dreaded task in credit management, but it shouldn’t be. Use these tips and collection call scripts to simply get paid.

Research from ezyCollect shows that most overdue invoices are paid by the third reminder. The supplier must typically request payment twice before an invoice is paid. In the digital age, outstanding invoice reminders are usually sent by email and SMS. With the right format, tone and timing, your payment reminder message for due and overdue invoices can be very powerful. Done well, your reminders become a great support tool for your customers’ payables team. Suppliers who use ezyCollect report that their customers thank them for sending helpful payment reminders!

The accounts receivable turnover ratio is a quick and easy indicator of how efficiently a business collects revenue from credit sales. It is also called the receivables turnover ratio, the accounts receivable turnover, or the debtors turnover ratio.