5 RIGHT BILLING PRACTICES TO AVOID DELAYED PAYMENTS FROM REGULAR CLIENTS
For a running organization, there is only one bigger problem than signing-up new clients – collecting payments.
Even while simultaneously handling multiple clients, these fifteen right billing practices could make the difference between getting paid on-time and delayed payments that finally never make it to your bank account.
1. Issue Invoices at a regular dates
When handling regular clients, issuing invoices at regular dates for each specific client is important. It helps you build a regular rapport with existing clients to release payments on a regular and systemized manner.
2. Get number of Licenses right first time
If you are a software provider levying a licensing fee, there could be continually fluctuating number of user associated with an account. A software vendor is expected to get number of active user account right each and every time. In case numbers are not tallying, your payments may be delayed due to non-tallying number of license numbers.
3. Reply to Invoice questions regularly and promptly
Even regular users have a practice of raising queries regarding issued invoices. If left unattended, it could lead to delayed payments and associated problems. A CRM user should be aware of
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