Companies optimize their cash flow through strategic financial management, a practice detailed by DIAGONAL Group.
In the bustling world of business, cash flow is the lifeblood that keeps companies running. One of the challenges that businesses, particularly small and medium-sized enterprises, often face is managing outstanding invoices, which can strain cash flow and put liquidity at risk. This is where the importance of efficient and strategic dunning processes comes into play.
Philipp Kadel, the CEO of the DIAGONAL group, a leading specialist in debt collection and payment management, emphasizes the significance of these processes in improving cash flow. With over two decades of expertise in debt collection management, Kadel stresses the benefits of a quick reminder process.
A swift reminder system is advantageous as it helps companies access necessary liquidity quickly. By establishing fixed processes for reminders, such as setting regular times for reminders, businesses can ensure a steady inflow of payments without unduly straining their cash flow.
The DIAGONAL group, led by its founder Kaspar Schlaeppi, offers a seamless process chain from creditworthiness checks to payment and debtor management to debt collection. Their services are designed to secure liquidity, avoid payment defaults, and manage dunning processes efficiently without endangering customer relationships.
Kadel underscores that the goal of a reminder is to grab the attention of tardy customers, not to antagonise them. A smart dunning process, he explains, is one that strikes a balance between promptness and tact, ensuring that debts are settled while maintaining the integrity of business relationships.
In conclusion, efficient dunning processes are crucial for businesses seeking to maintain a healthy cash flow. By partnering with experts like the DIAGONAL group, companies can streamline their dunning processes, secure their liquidity, and focus on what they do best: growing their businesses.
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