Late Payments: Reasons and Remedies
Recognizing Why You Are Being Paid Past Due Is Key to Changing Customer Behavior
There are any number of reasons a business may pay beyond your terms of sale. Some of the reasons for paying slow are more serious than others, but they all impact your cash flow and your collection efforts.
There are several keys to effective past due collections and they start with your order-to-cash process. You first …
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