Improve your Cash Flow
20th August 2007
An article in this month’s excellent publication Credit Collections & Risk written by Dr. Michael Turton of Cavendish Consultants describes how firms can improve customer service and ultimately cash flow by simply improving the look (and feel) of their fee invoices.
Michael discussed how not long ago the IT strategy of a company with regards to its billing totally ignored its appearance or even its use of English. Nowhere in this strategy did it say that the bill should increase revenue or decrease costs improve customer loyalty or provide a document that makes sense.
However Linetime’s customers can maximise the marketing opportunity of each of their client invoices as the Liberate accounting system not only incorporates a full ledger set, it also enables the user to design his or her own invoices using all the myriad of typefaces and features of Microsoft Word. It also has a variety of billing wizards if you don’t feel creative.
In addition it enables you to get your fee bills out faster which itself can also have a dramatic effect upon cash flow.
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