Road construction markets are influenced by what happened in the Heavy Equipment Rental market 2 years ago. This is what’s known as a leading indicator. It makes sense. Heavy equipment is used to build major infrastructure projects: mines, new industrial parks, new large commercial complexes, and increased harbor capacity. When these massive projects are complete, […]
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9 Ways to Improve Utilization of Accounts Payable
Accounts payable is a powerful way to finance business growth. Most vendors have a vested interest in financing your business as well as helping your business continue to exist. Using vendor financing with 30, 60, or 90-day repayment terms is also known as Trade Credit, a form of short-term debt. Trade credit is the second […]
16 Ways to Improve Inventory Management
Inventory should be an enabler for your business to produce and deliver products. But sometimes it can feel like the Reality TV show Hoarders. If inventory costs are skyrocketing, then you need to use some of these methods to reduce the cost of inventory and free up the cash for other higher value activities. In […]
16 Great Ways to Improve Invoicing so You Get Paid
Have you ever had a customer who is late to pay you? It is SO FRUSTRATING!!! You’ve done all the hardest parts: Marketing, getting a customer, and actually delivering all while surpassing expectations. Then you send them an invoice and it just gets awkward and it seems like they hate you all of a sudden. […]
22 Creative Ways to Improve Accounts Receivable
Cash Flow is one of the most cited reasons that small businesses fail. Accounts Receivable is one of the largest contributors to the cash flow problem. Getting a good grip on Accounts Receivable and improving the accounts receivable process should be at the top of your priorities. Policies around accounts receivables have a large impact […]