In a perfect world, all business clients would pay all bills, in full, on time, every time. This is of course not reality, which is why businesses need to have processes in place for working with clients to ensure all payments are, well, paid ..read more

If 2021 was about recovery, (we hope) 2022 will be about continued reimagining. The COVID-19 pandemic forced businesses to rethink how they approached large parts of their operations. The digital transformation sped up and automation became more commonplace. In 2021, industry emerged from the lowest parts of the pandemic and in 2022 the changes that were initially thought to be temporary, will become permanent ..read more

Working capital is crucial for maintaining operations and business growth. It enables companies to manage short-term obligations and “keep the lights on” while keeping an eye on the long term. Maximizing working capital creates a domino effect of benefits that directly impacts the bottom line ..read more

In a perfect world, all customer payments would be received when they’re due, everytime. Of course, this isn’t the case. This is why many balance sheets include an allowance for doubtful accounts as a form of internal insurance for distressed customers ..read more

Your accounts receivable strategy is likely based around making sure your customer accounts are fully settled in a reasonable time. There are many ways to accomplish this, but ultimately, businesses want to feed their cash flow and fuel growth ..read more

The COVID-19 pandemic created massive uncertainty across all industries, changing everything from how work is done to how products are made. The financial industry was no different. Without a clear future, planning became more of a guessing game, and confidence in markets was shaken ..read more

A quality accounts receivable operation is constantly looking at how it is performing, using data to determine what is working, what isn’t working, and why. A deep analysis of A/R will unveil efficiencies that may not be obvious and allow your business to do more without adding resources ..read more

There are different theories on what exactly accounts receivable should be considered on a balance sheet. Most consider it an asset and something that can be leveraged against. However, anyone that has spent hours chasing payments may view it as a liability filled with uncertainty ..read more

On the surface, cash flow is one of the key performance indicators businesses should be most concerned about. However, cash flow only shows part of the picture. The cash conversion cycle is a powerful metric for determining overall business health, showing how quickly a company can convert goods and services into cash ..read more

What is Average Collection Period? In short, average collection period is the amount of time that elapses before an organization or company collects their accounts receivable (A/R) -- the payments that are owed from clients and customers. With proper average collection period monitoring and execution, organizations and businesses can help to ensure that they have enough liquid cash on hand to support short-term financial commitments and plan long term strategies ..read more