For fast growing businesses, managing your cash flow effectively is absolutely essential if you want to stay afloat and remain profitable. This is particularly true for businesses who may not have the capital or manpower of larger companies to recover debt and hold tardy customers to account. Yet in APAC, 44.5% of B2B invoices are reported overdue, particularly in Australia, where invoices are still paid 26 days late on average, with locally based businesses ranked the worst in the world at paying their bills on time.
There’s no reason why someone else’s delays should compromise your business. Explore our How-To guide to find 5 useful tips that any growing business can employ to keep the cash flowing and their operations in good health.