AR Strategies to Avoid Late Payments and Keep Your Cash Flowing

Poor working capital management can spell disaster for a business’s fiscal health. That’s why companies count on their intrepid teams in accounts receivable to keep close tabs on receivables and proactively collect every dollar that customers owe. Bob Sefton, Controller at Nomacorc, a producer of engineered synthetic corks for wine bottles, warns that there is a big impact on working capital when receivables are allowed to get out of control. “Working capital is by definition a measure of a…