Late Payments Due to Cash Flow Problems?
Late payment due to cash flow problems caused by COVID-19 have increased. The economy is recovering, but it will take time to return to pre-pandemic levels. You will have to find ways to resolve customer
Late payment due to cash flow problems caused by COVID-19 have increased. The economy is recovering, but it will take time to return to pre-pandemic levels. You will have to find ways to resolve customer
Payments are delayed unnecessarily if you only accept payment by check. Checks can delay payments for weeks, increase costs and reduce cash flow. Checks cause delays throughout the payment transaction: Issuing checks – Many
Disputes are frequently the reason for delayed payments. They are the hidden problem that you don’t know about until AP pays late and takes an unauthorized deduction or chargeback, or won’t pay until a dispute
AP departments want to pay on time to avoid problems with auditing, relationships and cash forecasting, but simple approval issues can slow payments. Here are three examples of mundane AP approval issues which can slow
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
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
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