7 Tips for Ensuring You Receive Payment On-Time
If your DSOs are too high, take a look at your AR processes to see what can be done to increase on-time payments. After an order ships, the order to cash process (OTC) in
The Pandemic Amplified Issues with On-Time Payments
More than a year has passed since the COVID-19 pandemic emerged in the United States. The pandemic wreaked havoc on the economy and turned the normal way of doing business upside down for many
On-Time Payments Issues Increased with Covid-19
A year has passed since COVID-19 was identified in the U.S. Since then it caused the largest contraction in economic activity since the 1940’s, and ushered in a new way of doing business for many
Your Email Issues Are Causing Your Late Payments
Don’t be lulled into assuming that your AR team is not meeting objectives simply because customer AP departments don’t want to make payments on time. Customer AP departments are not always or entirely the
Late Payments May Be Due to Email Problems
Customer AP departments are not always the reason why your payments are late. AP departments usually want to make payments on time to avoid problems with auditing, relationships and cash budgeting and forecasting. The problems
Why You’re Getting Paid Late (That Isn’t Entirely AP’s Fault)
If your AR team is not meeting its collection goals, don’t automatically jump to the conclusion that customer AP departments are at fault. It is a popular misconception in AR departments that customer AP
Getting Paid Late Isn’t Always AP’s Fault
If your team is not meeting cash flow goals, don’t assume that customer AP departments are always at fault. It is a common myth in AR that AP departments don’t want to pay on
Auditing Requires AP To Make On-Time Payments
The popular belief in AR departments is that customer AP departments don’t want to make payments on-time. There are several reasons why this myth doesn’t hold water. One of the most compelling reasons why
AP Needs to Make On-Time Payments to Avoid Audit Issues
A myth in AR departments is that AP departments don’t want to pay on-time. There are several reasons why this is not true. One of the most compelling reasons is audit requirements. Here is
Busting the Myth – Why AP Does Want to Pay You On-Time
The conventional wisdom in AR is that customer AP departments don’t really want to make a payment on-time. Sure there are situations where some customers have cash flow problems and their AP departments try