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Payments and cash flow: A priority for survival!
Read this article to learn how the COVID-19 is affecting the P&C industry and what SimplePin can do to help you overcome this unprecedented crisis.
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Improve Cash Flow by Reducing Days Sales Outstanding (DSO)
No matter what business you are in, every organization needs cash flow to cover day-to-day costs, pay staff, or settle loans. So, getting paid on time and managing your cash flow is key to growing a successful business. In a perfect world, every business would collect payment for their receivables faster than they have to pay their payables. As this is often easier said than done, there are some strategies your business can deploy to help navigate and improve cash flow.
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