7 B2B Debt Collection Mistakes That Delay Your Payments
Did you know that 30% of B2B companies report delayed payments as one of their top challenges? For businesses, especially those in the B2B sector, efficient debt collection is crucial to maintaining smooth operations and a healthy cash flow. However, many companies make common mistakes that delay debt collection, which can severely affect business performance. […]
Building Credit Policies for Business to Business Financial Services
In today’s fast-paced business environment, over 60% of companies face delayed payments, leading to significant cash flow issues. Without a strong credit policy, businesses risk financial instability and strained client relationships. For B2B clients, credit policies are especially crucial as they set the tone for trust, responsibility, and timely payments in business transactions. In this […]
How Accounts Receivable Impacts Your Business Valuation
Accounts receivable (AR) is a crucial aspect of a business’s financial health. It represents the money owed by customers for goods or services provided on credit, and it plays a significant role in how a company is valued. Understanding the impact of AR on company valuation is essential for business owners and investors alike. By […]
Top FAQs About Hiring Debt Collection Companies Answered
Hiring a collection agency can be a crucial decision for any business facing unpaid debts. Understanding how debt collection works is essential in making the right choice and ensuring the recovery process is handled efficiently. Debt collection is not just about pursuing overdue payments but also about safeguarding your business’s financial health. At Industry Recovery […]
Invoice Communication Tips: Set Clear Payment Terms Fast
Clear communication of payment terms is essential for maintaining smooth business operations. When payment terms are unclear, it can lead to confusion, delayed payments, and even strained business relationships. By setting out clear, understandable payment terms from the outset, you ensure that both you and your clients are on the same page. This, in turn, […]
How to Build a B2B Debt Collection Policy That Delivers
Is your business struggling to collect payments from clients? A solid B2B collections policy can make all the difference in maintaining healthy cash flow and protecting your bottom line. With a structured approach, businesses can ensure that they receive payments on time, reduce overdue debts, and maintain smooth financial operations. Having a clear and well-defined […]
Long-Term Accounts Receivable Strategy for Steady Growth
Are you tired of chasing overdue payments? A strong accounts receivable (AR) strategy could be the key to improving cash flow and reducing headaches. Managing AR effectively is crucial for the financial health of any business. A well-structured AR strategy ensures timely payments, reducing the stress of overdue accounts and improving cash flow. A long-term […]
How Clients Cut Accounts Receivable by 60 Days or More
Did you know that most businesses struggle with delayed accounts receivable (AR)? On average, many companies experience an AR cycle of 90+ days, impacting their cash flow and operational efficiency. This delay can lead to financial strain, affecting growth and future opportunities. At Industry Recovery Solutions (IRS), we specialize in helping businesses reduce AR by […]
Top Metrics for Business to Business Financial Services Success
Running a business without tracking financial metrics is like driving with your eyes closed. For business-to-business (B2B) companies, where invoices are larger and payment cycles are longer, understanding your financial data isn’t optional—it’s essential. By tracking key performance indicators (KPIs), you gain the insights needed to manage cash flow, improve collections, and plan for growth. […]
Year-End AR Cleanup Checklist: Simple Steps to Tidy Up Your Books
The year’s almost over—how clean are your books? For many businesses, the end of the financial year is a race to tie up loose ends, especially when it comes to accounts receivable cleanup. Cleaning up AR (accounts receivable) means reviewing what’s owed to you, following up on payments, correcting errors, and ensuring your books are […]