How to get invoices paid faster
While trading on credit terms brings several benefits to businesses, it also brings the threat of late payment, and you may need to dedicate time to ensuring you get your invoices paid faster.
Whether you offer terms to customers of 14, 30 or 90 days, you will almost always need to pay suppliers to fulfil an order in advance of getting paid. This means that cash flow can be tied up for long periods, particularly for companies which invoice at month end.
Similarly, this can leave your cash flow at the mercy of your customers. If they don’t pay on time, it can be challenging to manage the cash flow implications. There are, however, a number of ways to get invoices paid faster in order to improve your cash flow.
Hilton-Baird can work with you every step of the way to help you get paid sooner and maintain a healthy cash flow, either by introducing your business to the most suitable cash flow finance solutions as well as a specialist in recovering your unpaid invoices quickly and effectively.
Call our team on 0800 9774833 or request a call back to discuss your requirements.