Good processes keep cash flow stable
Many businesses can make vast improvements to their cash flows by revising their internal processes, such as invoice handling. Even if your business does not have any issues, making adjustments can still improve the situation even more.
Here are some solutions to improve internal processes:
- By sending out invoices early, cash also comes in faster.
- With good processes you have a better control of the payment flows and can react faster on late payments.
- By paying incoming invoices on time or early you could receive discounts from your suppliers.
- Digital invoice handling can give great results – look into installing work flow systems.
Read more about e-invoicing and invoicing software.