Article content provided by Siteline.
In the construction industry, timely payments are everything. But what happens when clients start missing deadlines and your cash flow takes a hit? Don’t panic. With some planning and discipline, you can get back on track.
Our article walks you through creating a realistic, airtight accounts receivable (A/R) escalation process. You’ll find real-world examples of A/R escalation plans to spark ideas for your company, as well as best practices for:
- setting payment terms,
- following up on late invoices, and
- bringing in the heavy hitters when things get tricky
Read the article for effective strategies to keep your payments flowing smoothly. Even better, try Siteline’s cash flow forecasting and A/R dashboard to effortlessly monitor and manage the money you’re owed. Your bottom line will thank you!
Learn more at Siteline.com
Contact a Siteline representative at (415) 831-7972.
Siteline is the only billing software built for trade contractors. We digitize the pay application process and automate lien waivers, which means accounting teams can bill for projects in half the time, eliminate errors that delay payment, and streamline processes while reducing risk. We integrate with ERPs and provide visual A/R reporting.
