Do Your Customers Pay On Time? 5 Check Points For Upfront Ease Of Payment
Do Your Customers Pay On Time? 5 Check Points For Upfront Ease Of Payment
This is a brief and to the point article to help you make sure your own house is in order.
There are 5 simple check points you need to be clear about whenever a new customer comes on board:
1) Who can authorise payment for any products or services you provide
2) What needs to be signed or how they confirm an invoice is due to be paid
3) Where the invoice should be sent – this point is not always as obvious as it seems
4) Whether reference to a purchase order needs to be made
5) Your part of the deal is to ensure that accurate invoices with all necessary information go out on time to the right person at the right place – don’t fail at the last hurdle because “that’s someone else’s job”!
Make it a rule to follow these 5 check points and your company will dramatically reduce the amount of time spent chasing payments.
Let the payments roll in!
Linda
Do Your Customers Pay On Time 5 Check Points For Upfront Ease Of Payment - To learn more about this author, visit Linda Mattacks's Website.
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And, another issue: While we all like the opportunity to work with larger companies, it seems the bigger the customer is the more it behaves as a law unto itself and the longer it can take to pay its outstanding debts - not good if that customer is your customer…
This is a brief and to the point article to help you make sure your own house is in order.
There are 5 simple check points you need to be clear about whenever a new customer comes on board:
1) Who can authorise payment for any products or services you provide
2) What needs to be signed or how they confirm an invoice is due to be paid
3) Where the invoice should be sent – this point is not always as obvious as it seems
4) Whether reference to a purchase order needs to be made
5) Your part of the deal is to ensure that accurate invoices with all necessary information go out on time to the right person at the right place – don’t fail at the last hurdle because “that’s someone else’s job”!
Make it a rule to follow these 5 check points and your company will dramatically reduce the amount of time spent chasing payments.
Let the payments roll in!
Linda
Do Your Customers Pay On Time 5 Check Points For Upfront Ease Of Payment - To learn more about this author, visit Linda Mattacks's Website.
Like this article? Share it with your friends
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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