Ask yourself what can your business do to make it easier and faster for your customers to pay you.
An affordable way to start doing this is to use BizChannel@CIMB to automate your invoicing system. Automation improves accuracy and so reduces the time and cost caused by invoicing errors, ensures that invoices are delivered to clients on time so that they can be processed and paid on time, and makes it easier to keep track of and collect on past due invoices.
Furthermore, BizChannel@CIMB allows your customers to pay you via JomPay and DuitNow in addition to supporting traditional payment channels.
BizChannel@CIMB also offers other cash management solutions for your business that include account services, payments and liquidity management.
There are many ways to solve business cash flow problems and you can deal with them quickly and efficiently if you stay on top of the matter. You should also speak with a business financial advisor, your accountant or a mentor to find the best way forward.
This article is brought to you by CIMB as part of our ongoing efforts to raise the level of financial literacy among Malaysians. Financial knowledge and understanding are key to making well-informed and meaningful financial decisions towards positively improving welfare and well-being of communities. This is one of our many efforts to achieve CIMB’s purpose of advancing customers and society.
