Another Way to Accelerate Cash Flow

The May edition of Inc. Magazine wrote a great story about Beltmann Group, a company that wanted to collect its accounts receivable more quickly.

In the current economic environment, cash is king and an increase in accounts receivable can quickly result in increasing working capital not to mention a growing interest expense bill.

So how did Beltmann Group cut its accounts receivable and its days sales outstanding ratio?

Not by changing payment terms or calling its customers to harass them.

Beltmann Group focused on getting its invoices out more quickly. It cut its invoice processing time by almost half reducing its accounts receivable and freeing up $1.1 million in cash!

I can't help you with your invoicing. But if you need help accelerating the cash flow tied up in your accounts receivable, read "Matchmaking for Business Loans" and give me a call!

Tags : Inc. Magazine , working capital , cash flow , accounts receivable , Beltmann Group