I am an offshore marketing agency owner working with US companies. By increasing our client base, we see a trend of late invoice payments or some hustle getting the invoices paid on time. Do you have any tips on how to do proper collection for offshore agencies?
All what was already said makes sense.
The first solution that came to my mind is:
- Ask people to pay: you personally, call the highest manager you came across and naively asked if they don't pay you because they don't like your work or in general respect the people working in your agency => the chance accountancy is messy vs. dishonest is very high, a top manager can fix this
- externalize this problem to a company whose job is to get invoices paid so you can focus on what you do best. To cover their fees, include in the payment terms that you wiull charge fees in case of late payment.
serena
-
Answered 8 years ago
Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.
Already a member? Sign in