Getting paid on the invoices and keeping the cash flowing: easier said than done, even on a normal day. Always marred by delays, disputes, process issues, misplaced intents, ERP limitations, and many other such challenges. Results: high DSOs, high to a very high effort by the collection teams, high costs, and heartburns in managing disputes, […]
Managing working capital – the devil is in your receivables!
Cash Flow is the lifeblood of any business – small or large. It’s a constant tug-of-war between the monies-in (Assets) and Monies-out (Liabilities) that keeps the finance professionals working round the clock. The constant endeavor, especially that of the CFOs, is to make sure that in this war to ‘win’ over the liabilities they are […]
Credit Risk: Ways to make it one worth taking
The longer an invoice remains unpaid, the less likely it becomes that it will ever be paid for. Anyone who’s spent enough time (read: tears, sweat, and blood) in the AR space will agree. What’s more, a survey conducted by Paystream Advisors, reputed financial research and advisory firm, threw up these shocking figures. An average […]