FAQ # 5 - How do we step up collections?
Advice - I understand that many of the clients have delayed the payments but am sure nothing is intentional. Either they have not received their collection from market or simply they do not have the staff to process payments. You may speak to your clients and understand their problems, give them a part or deferred payment option. You may also approach your bank for bill discounting facility if you want to urgently encash your future receivables. There is no point in raising the temper and pressure, it may lead to spoiling relations. It is just a temporary disruption in the chain and let's hope the things will fall in place soon.