Late or missed payments can negatively impact cash flow and damage relationships with clients, making it essential to have an efficient collections process in place. In this article, we will share 5 ways businesses can improve their invoice collection process and ensure timely payments.

In today's fast-paced digital world, technology plays an increasingly important role in the success of businesses of all sizes. It has revolutionized the way companies operate, communicate, and market themselves, and failing to keep up with the latest technological advancements can be detrimental to a business's growth and profitability.

As a business owner, one of the most important metrics you need to track is your Days Sales Outstanding (DSO). This is the average number of days it takes for your customers to pay you after you have invoiced them. A high DSO can negatively impact your cash flow, which can then affect your ability to invest in growth opportunities for your business. In this article, we will provide you with 5 tips to help you lower your DSO and improve your cash flow.