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September 2014

managing receivables

Managing receivables-goods and services provided to customers on credit

Australian small businesses are in a cycle of unhealthy cash flow with 62% of accounts being settled late and firms taking on average a shocking 54 days to pay bills according to the latest Trades Payments Analysis by Dunn & Bradstreet. The report also reveals that 28% of business executives view outstanding accounts-receivable as their biggest barrier to growth. How do small businesses get their customers to pay on time, break the cycle and improve cash flow? We recently spoke [...]