Keys to optimise Cashflow
Find below the key areas that will optimise your Cashflow.
Clear transparent engagement sets the right expectations and deliverables without unexpected surprises or additional costs.
Create a Debtor and Matter structure that supports your communicated engagement terms, revenue recording and collection of fees.
Maximise recovery and gain visibility over exceptions, wherever, whenever.
Browser and device-based tools for time and expense capture that can make suggestions, record narrations,
and automate reminders can assist to accurately and efficiently recording time and disbursements in an increasingly mobile world.
Ensure you have an efficient invoice creation & approval process aligning with the engagement policy,
automated invoice delivery, and the option to pay via secure payment gateway anywhere, anytime.
Faster payment reduces both the financial and the operating costs of doing business.
Clearly communicate expectations up-front, articulate and follow-through on reasonable consequences,
identify and offer to assist with cashflow issues when possible, and build in the appropriate options, to collect payment in a timely manner.