Better communication leads to better cash flow
As with any business Cash is King , and optimizing cash flow is an important step to running a successful business. To illustrate, when cash is tight here a three major negative impacts. Using the MDS-Nx Customer Payment Portal You can now accept payments 24/7 using credit cards with a built in fee or No Fee ACH allowing you to get paid electronically, removing the "Check is in the Mail Syndrome" and any lag in accounts receivable. (quick tip if you are not already an MDS-Nx client you can sign up for free ACH with melio and take advantage now) Late Payments Cash is needed to pay your company's expenses and bills. If you don't have cash in hand, you may be forced to take on additional loans or make late payments. This can lead to late payment fees on utilities or debts. Additionally, your late payments negatively affect your business' credit rating and impact your ability to get credit account privileges and loans in the future. Slow Growth Even if ...