You can look at your law firm’s accounts receivable program in one of two ways. You can see it as a problem—dealing with difficult receivables, sometimes older, aging receivables. Or you can regard it as an opportunity for the firm—a chance to enhance your firm’s revenues. Youhave to make a decision: do you want your clients to regard payment as a requirement or an option?
While there certainly should be elements of the former in your program, you should take the more positive, forward-thinking approach, turning your accounts receivable management program into a proactive way to generate revenues for your firm.
Why Does Your Accounts Receivable Management Program Need to Start at 30 Days?
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