Ryan Kennedy
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How Automated Workflows Improve Collection Efficiency
In today’s fast-paced business landscape, efficiency is crucial for maintaining a healthy cash flow. Many companies struggle with collecting overdue accounts. Traditional methods can be slow and labor-intensive, often leading to lost revenue and strained customer relationships. Fortunately, automated workflows can transform this process, significantly enhancing collection efficiency and improving overall business performance.
By Ryan Kennedyabout a year ago in Journal
The Role of CEI in Improving Cash Flow Management
Managing cash flow effectively is essential for every business, as it directly impacts the ability to meet financial commitments, invest in future opportunities, and maintain steady operations. One key metric that helps businesses enhance their cash flow is the Collection Effectiveness Index (CEI). This index measures how efficiently a company collects outstanding invoices and offers crucial insights into the health of its cash inflows.
By Ryan Kennedyabout a year ago in Journal
The Role of Customer Service in Utility and Healthcare Collections
Customer service plays a crucial role in utility and healthcare collections. It significantly impacts payment recovery rates and customer satisfaction. Here’s a look at how strong customer service strategies can enhance collections in these sectors.
By Ryan Kennedyabout a year ago in Journal
How to Handle Difficult Debtors: A Guide for Small Business Owners
Dealing with difficult debtors is a common challenge for small business owners. Managing these situations effectively is crucial to maintaining cash flow and financial stability. Here’s a guide on how to handle difficult debtors:
By Ryan Kennedy2 years ago in FYI
