How to Protect Your Business Against Late Payments

Overview:

What can a business do when their cashflow is tied up in outstanding invoices for goods and services they’ve already provided?

On average 94% of American businesses experience late payments from their customers. Late payments cause a ripple effect throughout the supply chain meaning many businesses have to delay payments to their own suppliers, which in turn impacts growth and profitability.

This quick read will teach you the ways to protect your business against late payments and offers insights about factoring your accounts receivables as an alternative option that helps many businesses.

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