Monthly Archives: August 2016

Why do professional service firms tolerate slow paying debtors?

In my last blog, I explored the 5 reasons why debtors might pay your professional service firm slowly (yes - there are only 5). You probably noticed that every reason was within the service firms control. So why do many firms not take corrective measures to reduce their debtors? Below, with no punches pulled, are…
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Why don’t all your debtors pay on time?

Picture this scenario:  You walk into a professional service firm and the young receptionist is distracted on the phone. You can see they are focused on a long sheet of debtors that are 60+ days overdue.  They look uncomfortable and a little flustered; clearly not enjoying the job. The debtor has asked to pay by…
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