On this episode of Future Of Business we are tackling invoice collections and scourge of long payment terms. Poor collection process and long payment terms crush a businesses cash flow and their ability to grow.
Did you know:
"1 in 5 invoices to ASX200 companies are outstanding longer than 30 days!"
"A one day reduction in debtor days was worth an additional $18,000 in the bank for your average SME!"
We are excited to have on the show business guru - Rachel White, CEO of CFO For Rent - to help us understand the impact of poor collections on a businesses cash flow, but more importantly discuss simple tips and technology to get your small business paid faster. Have the notepad at the ready, this episode is full of some super useful information!