Does money leave your business quickly but come in slowly?
Does your cash flow have a negative effect on your accounts receivable?
Cash flow is the total amount of money transferred into and out of a business. Here are two ways to improve your cash flow:
Offer Discounts for Early Payments – Offering an incentive can encourage customers to pay promptly. Payment terms like 2/10 net 30 allow the customer to receive a 2% discount if they pay within 10 days.
Partner with a Collection Agency – When a customer becomes a debtor, it can be helpful to have someone to turn to for help. Partnering with a collection agency can help quickly resolve the issue and show your customers the consequences of nonpayment.
Learn more about improving cash flow.
Partner with RSD, a Collection Agency in Michigan
Ross, Stuart and Dawson is a collection agency in Michigan that cares about your business’ success. RSD can assist you in multiple areas, such as commercial collection, portfolio liquidation, credit report investigation, and more.
When you partner with RSD, you can file claims quickly and securely through our online portal and receive up to the minute updates on your claim 24/7. To start collecting, fill out our contact form today!
No comments:
Post a Comment