Over the last three months we have seen a significant increase in the number of new businesses approaching us for help with their overdue accounts. Interestingly, a large number of these businesses have never had an issue in the past with slow or non-paying clients.
Cashflow has always been critical to any business, big or small however in the present economic climate it has never been more important.
One can only hope that all businesses are taking a proactive approach by regularly reviewing their debtors and not procrastinating over sending any overdue account(s) to a debt collection agency.
It doesn’t matter if it is one, or multi overdue invoices; or the amount owing is a $100 or $10,000 you still deserve to be paid don’t you?