5 Smart Ways to Reduce Outstanding Accounts Receivables | The Startup Magazine

Getting companies to pay invoices can be hard sometimes, especially if they’re a large multi-faceted client with multiple departments and teams of people to work through when you’re trying to square off your outstanding accounts receivables. This is a tricky scenario that requires careful steps to resolve.

While you are deserving of the money you are owed, you need to be careful about fostering your relationships with clients so you don’t cause problems down the road. If you’re too forceful in demanding payment, you could damage important business relationships that were otherwise going well.

With that in mind, here are 5 smart ways to reduce outstanding accounts receivables!

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