Latest / Cash Flow Conversations with Fexingo: Working Capital, Receivables, and Small Business Finance
How a 24-Hour Follow-Up Rule Fixed a Contractor's Cash Flow
Lucas and Luna dig into a specific working capital fix that transformed a small electrical contracting business in Phoenix. The owner, Maria Torres, was waiting an average of 67 days for payment on completed jobs — even though her contracts stated net-30 terms. The root cause wasn't slow customers; it was her own invoicing process. Lucas explains how implementing a strict 24-hour follow-up rule — calling the customer's accounts payable department the day after sending an invoice — reduced her average receivables from 67 days to 34 days in just four months. The episode breaks down…
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