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Make your working capital work for you: Strategies for optimizing your accounts receivable
Is your company carrying more overdue accounts receivable than you’d like? Find out what you can do today to free some of your working capital.
It is better to receive than to lend. So often companies get caught in the cycle of carrying overdue accounts receivable, extending credit, offering discounts or ignoring payment terms to secure new business. Eventually, these freebies prevent you from using your capital for growth opportunities, shareholder payouts or new equipment or products.
Make your working capital work for you: Strategies for optimizing your accounts receivableis the first in our working capital series, which identifies activities you can do right now to free up cash. While there are numerous ways to do so, this series focuses on four core strategies:
- Accounts receivable
- Accounts payable
- Cash management
- Inventory
This first installment looks at accounts receivable.
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Strategies for optimizing your accounts receivable