What to Do When Invoices Are Not Paid Timely

When AR sends out invoices to customers, the hope is, of course, that they will be paid on time. After all, that’s the best way to maintain the company’s healthy cash flow. This doesn’t always happen, though, despite AR’s best efforts—and that’s when it’s time to deploy effective collection methods that will prompt customers to part with their dollars while maintaining their goodwill and ensuring their continued business. “Having good collections methods—and sticking to them—allows for our…