Managing cash flow during economic uncertaintyMember News
During these unsteady times, and with no way of predicting how it will ultimately affect your business going forward, it will be difficult to get the balance right between chasing your overdue invoices, at the same time as providing some leniency with your customers. Some of these may have been customers for several years and the relationships will be important to you.
Over the next few weeks and months, a lot of businesses will be hit with many challenges they haven’t faced before, one for sure, will be cash flow problems. It will be a sensitive but important area and it is vital that businesses balance the current uncertainty with a way to maintain relationships but also maximise cash and collections.
Please see our website for tips on getting invoices paid and improving cash flow.