‘We don’t have a lot of chasing of debt’
Businesses are not altogether powerless to reduce the time in which their invoices are paid, with some creative strategies available to help bridge any gap.
With many businesses redirecting funds and sacrificing growth to fill cash flow gaps — including from invoice payment times blowing out to four months or longer — there is an onus on SMEs to implement protective strategies to keep cash coming in without alienating customers and suppliers.
Read more at MyBusiness.
