Extra Credit
Extra Credit
The truth about year-end payment delays
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💵Year-end slowed or delayed payments have become common practice for businesses. Oftentimes, companies that operate seasonally or are facing tight economic conditions will hold off on non-essential payments, saving their credit debt for last.
📈Many customers intentionally make late payments so they can report a stronger financial position at the end of each quarter or year.
🧠Mastering strategies to handle these slow payers will keep cash flowing and risk at bay as you close out the year. Here’s your survival guide to tackling year-end collections so you can ward off any cash flow scares.
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