Consider this scenario: You've poured your heart and soul into your company, attracting customers and clients with your exceptional products or services. However, if those sales do not result in timely payments, your cash flow and business operations will undoubtedly suffer. Take note that effective Accounts Receivable (AR) management is essential for the longevity of your SME business.
Overall, with Moolamore at your fingertips, you are more equipped to review your receivables regularly, set clear credit policies, and employ robust collection practices, which can be a win-win for both parties. No matter how successful your sales are, poor AR management can be disastrous for your company. Here are the main dangers.
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