Invoice & receivables management
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What to do in case of late payment? Rights as a company
Customers who don't pay on time can be a real challenge for companies. But don't worry: With the right measures and a clear understanding of your rights, you can not only secure your liquidity, but also protect long-term business relationships. In this article, we explain to you what the legislator regulates on the subject of late payments and your rights as a creditor, what economic consequences are associated with this and how companies can best react to them.
Preventing late payments — this is how you protect your liquidity
Late payments can pose significant challenges for companies — from liquidity bottlenecks to increasing administrative expenses. In order to specifically minimize these risks, preventive measures should be evaluated and implemented. In this article, we'll show you how you can prevent late payments and protect your liquidity with a proactive strategy so that a payment default doesn't even become a challenge in the first place.
Tips for professional invoice management
Within a start-up, craft business, or other small to medium-sized enterprises, invoicing often falls directly on the service provider. Many business owners only appoint an employee to handle invoicing and accounting exclusively once the company reaches a certain size. However, proper invoice management should not be a matter of company size, but rather a matter of course.