To many small business owners, convincing consumers to pay invoices sooner, or even on time, may be a nightmare. Customer collections are a critical part of company ownership. If your clients don't pay, you'll be out of business but it's a big struggle to find out how to get invoices charged quicker.
Worrying about customers ' bills and payments takes away the time you can use to concentrate on your business rather than bills. Many times, it can be awkward and inconvenient to remind customers to pay their invoices but you need the money to develop your company. Yes, invoice factoring is one way to get the money quicker, but it's not the only way.
infographic by: BusinessIntel