Don’t expect that all of your clients will pay on-time. You need to do your due diligence to make it easy for your clients to pay.
Atlanta, GA (PRWEB) January 22, 2015
C2C Resources, a commercial debt collection company headquartered in Atlanta, released a tip sheet today on the most effective ways to increase cash flow in 2015. With an improving, but uncertain economic forecast for the United States this year, the company believes financial planning and collaboration of departments within a company are essential to a successful year.
“Getting paid on time is just one piece of the puzzle when forecasting a year of positive cash flow,” explained Todd Tinkler, President of C2C Resources. “Don’t expect that all of your clients will pay on-time. You need to do your due diligence to make it easy for your clients to pay; while still spending time to analyze and forecast the probability of late payment based upon your client portfolio. Always be realistic.”
Tinkler believes companies should proactively do the following five actions to increase their cash flow throughout the year:
1. Increase the frequency of invoicing to increase the payment cycle.
2. Set a realistic financial forecast for the year.
3. Analyze the company’s current and ideal client portfolio to align marketing and sales initiatives.
4. Limit the free trials provided to prospective clients and always access potential value of prospects.
5. Evaluate the company credit terms to increase the payment cycle.
For the full discussion of how to increase cash flow, visit C2C Resources’ company blog: http://www.c2cresourcesblog.com.
About C2C Resources:
C2C Resources is a global Commercial Debt Collection agency headquartered in Atlanta, Georgia. The company collects commercial debt on behalf of their over 25,000 clients and is considered one of the top agencies in the country. The executive team at C2C brings more than 60 years of experience helping businesses collect their accounts receivable.
C2Cs powerful combination of Profit Maximizer, InfoMax Collection System, and Legal Forwarding Edge, can help your company be more effective with your own in-house collecting and maximize recovery of accounts turned over for collection.