Collecting What’s Owed: Practical Steps to Keep The Cash Flowing

Businesses and consumers everywhere are navigating strong financial pressures in the form of inflation and high interest rates as well as uncertainty about the overall economy as there continues to be concerns that a recession is coming. Business owners may soon be faced with a slowdown in sales, longer delays in getting paid, and concerns about not getting paid at all.

In this webinar, GGFL’s Anne Van Delst will be joined by economist Louise Southall and Faye Pang of Xero, and Eric Pierre of Unik Credit Management. The panel will provide business owners with insights on the economy and practical, proactive steps to take to maintain positive cash flow and reduce the level of unpaid receivables that can drag down a business. This webinar will include insights on the following:

1. What changes Canadian businesses are experiencing in sales and payment times based on Xero Small Business Insights (XSBI) data findings
2. How slower sales, late payments and inflation can impact cash flow and the red flags every business owner should watch for
3. The consequences of prolonged negative cash-flow and strategies to prevent falling into the red
4. Steps to implement to improve your payment time from your customers
5. What to do when a collection agency is needed and how the process works

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Our Guest Panelists