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Man sorting through his inventory stock levels.

How Inventory Management Affects Cash Flow

September 1, 2021Cash Flow , Inventory

Cash flow is key to the success of every business. Poor inventory management can negatively affect your cash flow, the overall productivity of your business, and your bottom line. But if you’re a growing company, you may not realise just how much a solid inventory management system can improve your cash flow.   How cloud …

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How To Price Products for Wholesale

August 6, 2021Cash Flow , Invoicing

It’s an exciting time when you are finally ready to launch your new product. But the question is, how much do you sell your product for? This might seem like an easy question to answer. But if your pricing is off, potential customers could view you as a cheaper, less desirable product or as something …

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5 Steps To Help SMEs Manage Credit Risk

July 26, 2021Cash Flow , Late Payments

5 Crucial Steps to Assist SMEs Manage Credit Risk In industries, such as wholesale and distribution, credit is seen as a necessity when doing business. Credit offers you a way to sell more to your customers and grow faster. However, sending out goods before receiving payment has it’s risks. It leaves you open to late …

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The Best Way to Reconcile Invoices

July 16, 2021Cash Flow , Invoicing

The Best Way to Reconcile Invoices Reconciling your customers invoices is an important step in your accounting process. Not paying proper attention to this can not only cost your business revenue, but also affect the relationship of those you do business with. Shockingly, a large number of small businesses and SMEs skip this step. Whether …

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How to Build Better Business Relationships

July 9, 2021Cash Flow , Partners

How to Build Better Business Relationships Building business relationships is a skill that successful business people need to have. The e-commerce revolution over the last 10 years has altered the way B2C relationships are built, with drip campaigns, EDM’s and SMS blasts replacing human interaction. B2B is different. The relationship is built over time and …

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The Impact Of Supplier Hopping

April 26, 2021Cash Flow

The impact of supplier hopping When buyers purchase goods on trade accounts there is always a risk that buyers will take their stock and run. This is called supplier hopping. The way it works is: A buyer signs up with a supplier and orders some stock on credit. The stock is delivered and an invoice …

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Can you locate your credit applications?

April 21, 2021Cash Flow

Can you locate your credit applications? Does this sound like you? You give your customers payment terms or trade credit. Part of the process is for a buyer to complete a credit application. Your credit application is in PDF or paper form. You send it off to new buyers in the hope that it will …

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