4 Tips To Improve Accounts Receivable Collections

  • Written by Andy Bailey for Forbes

There’s a well-known saying in business that “cash is king,” but it’s effective accounts receivable policies and procedures that will help your team have faster access to the cash it needs to accelerate growth and achieve company goals.

Hiccups in accounts receivable (A/R) collections can have drastic consequences for a business because it puts pressure on the amount of working capital required to fund operations. As I wrote in my previous article, the company I founded, NationLink Wireless, nearly went out of business because of cash flow challenges. As a result, we had to look at every way possible to improve A/R collections so we could have enough cash to pay the bills.

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