“Make sure that the customers know what the cost is and the value that price is providing before receiving an invoice. This advertisement has not loaded yet, but your article continues below. They will not want to put up with you repeatedly calling or visiting them, and if they are the type not to pay, you have no reason to attempt to maintain the relationship anyway.” - Merri Lemmex, Managing Partner, Operations, Lemmex Williams Training Inc. And lastly, the squeaky wheel gets the grease, so if you suspect a client is not going to pay, keep at them until they do.
As soon as they are due, a reminder should be sent to show that you are not willing to let this debt slide. Another way is to stay on top of your receivables. A well respected business partner that a company wants to stay connected to is less likely to have their payment delayed than one a business is not intending to deal with again. “One of the best ways to ensure you get paid on a timely manner is providing good service. Please try again Article content Communication with customers is the key to getting paid promptly, says Don OâDwyer, CEO of Raven Bay Photo by Dion Dicks / Direqtion.ca Our approach to getting paid in a timely manner is to have ongoing discussions/updates and create a relationship with our clients. The next issue of Calgary Herald Headline News will soon be in your inbox. If you don't see it, please check your junk folder. Manage Print Subscription / Tax ReceiptĪ welcome email is on its way.