What a year, we will all remember 2020! It has also very tough for most of our customers. The food and Retail industries have the most negative impacts Our customers in the Food and Retail industries are in the middle of a perfect storm. In some cases, they have lost 50 to 70% of their…
If you regularly invoice clients, you have likely had the experience of chasing down money. It’s time-consuming; frustrating and repetitive. The customers know they have to pay, they are just playing the clock and delaying the inevitable. They count on you not doing your job and “forgetting” that they owe you money. what is the…
Accounts Receivable Automation describes software tools that help send automatically invoice payment reminders. It uses customizable workflows and emails. Thousands of reminders for past due invoices can be sent at a click of a button. Accounts Receivable Automation frees up time for AR teams to focus on higher-value work. It helps mitigate bad debt by…
Writing a collection letter to a customer can be scary. How to ask for money owed without coming off as rude and annoying? Direct and to the point: Customers don’t read long emails; so the amount and due date should be in bold and in the first sentence of your collection letter. I usually recommend…