When it comes to cause and effect, there are some relationships that are clear to see and simple to understand – when it’s cold, you shiver; when it rains, you get wet. In business, patterns aren’t always so clear cut and obvious, and may even
Want to liberate cash tied up in your business?
Want to reduce your working capital without affecting revenue or margins?
JustOne will help your staff and management develop the ability and practices they require to make the changes needed to deliver big reductions to your working capital investment.
With JustOne your internal working capital project will be more effective, productive and sustainable!
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Staff and customers rarely have the same, clear understanding of the details of a deal. If you ask three different people in your organization what is expected from the customer on the due date, you might get three different answers!
If your sales force is tasked only to drive product sales and margin, you could be missing out. The sales team also has a crucial role to play in improving company cash flow.
Invoices are rarely produced as quickly as they should be, even in the most successful companies. But understanding the reasons behind the delays will help you to speed up payments and improve cash flow.
What are the relative advantages of keeping collection local compared with Shared Service Centres (SSC) and with Outsourcing collection to a third party? If reducing DSO is your main priority then your decision should be taking you towards achieving leading practice collection.