Get More Cash from Discounts on Receivables
Channel: Joy Francis, AI Automation Strategist
Date: 23/03/2023

Using discounts on receivables is a great way to improve cash flow in your business. By offering incentives such as discounts on invoices and early payment options, you can encourage customers to pay their bills on time. This will result in less bounced checks, fewer late payments and more timely collection of debt owed. Discounts can also entice customers who may be hesitant to purchase from you, increasing your sales and resulting in higher profits and improved cash flow. Additionally, offering discounts allows you to build stronger relationships with your customers that are based on trust and loyalty which can be beneficial for the long-term success of your business.

By Joy Francis, Family Wealth Strategist
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