- Published: Wednesday, 03 February 2016 09:53
- Written by Invu Marketing
Spend control is all important to a company's bottom line and can be the difference between a profit and a loss but all SME's know you cannot pay your wages bill with profit. Cash as they say is king.
The availability of cash in a business is all about working capital management and a key element is getting your customers to pay you on time. So what is so hard about that? Surely if you do a good job, provide excellent goods and services, you'll get paid on time. There is more to it. Getting paid on time relies on back office processes you can control, your own billing process, and processes you can't control, your customers ordering, receiving, invoice processing and payments process.