Keep your company financially fit – Revisit billing and collections for stronger cash flow

Description

Abstract: The COVID-19 pandemic and its ensuing economic effects have created a difficult environment for many businesses. Companies are seeking innovative ways to stabilize their revenue and improve their financial health. One fundamental aspect of doing business they might overlook is billing and collections. This article suggests that it’s a good idea for businesses to occasionally revisit billing and collections processes to ensure they’re as efficient and effective as possible.