Blog post -
You get paid on time when you communicate effectively and often with your customers
Sometimes it's a nightmare to work with different accounts receivables, but when you have a strong relationship with your customers, things work well, says Christophe Derdeyn, the partner at a consulting company. That's especially the case when working on a fixed-price basis, where contracts need to be written in a way that limits the amount of scope creep and also specify milestones that trigger payment. Check out his full conversation with RIABU's Simon Littlewood.
Get more tips on effective cash flow management from our book, Let The Cash Flow. To find out more about how RIABU helps small businesses get paid on time, visit RIABU.com
Topics
- Business enterprise, General
Categories
- sme
- risk
- cash flow
- smes
- business owners
- balance sheet
- invoice
- late payments
- singapore