How to Speed Up Accounts Receivable Collections and Boost Cash Flow
Slow-paying clients can quietly choke your cash flow, leaving your business in a constant scramble for working capital. This blog from ProcStat offers a clear, actionable roadmap to collect payments faster without damaging client relationships.
You’ll learn how to monitor and improve critical KPIs like Days Sales Outstanding (DSO) and Collection Effectiveness Index (CEI) to measure performance and pinpoint bottlenecks. The post also shows how aging reports can guide you in prioritizing overdue invoices and acting quickly before delays snowball.
From automated payment reminders that keep your invoices top of mind, to client segmentation that lets you tailor collection strategies, each step is designed to accelerate cash inflow. The blog also explores effective escalation processes, from offering payment plans to involving collection agencies when necessary.
Whether you manage a small business or oversee a growing enterprise, these strategies help you tighten your AR cycle, free up cash for growth, and reduce the stress of chasing payments.
Read the full blog here: How to Speed Up Accounts Receivable Collections and Boost Cash Flow
