News and Trends

Staying a Step Ahead of Fraud

Posted by IBS Marketing on Dec 1, 2021 4:43:04 PM

At Interstate Billing Service, we take the security of clients and customers seriously. Fraud prevention is an industry-wide concern impacting businesses worldwide. There are many areas of vulnerability which require extra vigilance. Here are just a few items of concern and suggestions for best practice worth passing along.

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Avoid these five costly accounting mistakes

Posted by IBS Marketing on Sep 17, 2021 9:52:14 AM

Most business owners understand that effective financial management is key to their success. But lack of knowledge, frustration, and even avoidance can add up to accounting mistakes that derail future growth.

Protect your business and reduce your stress by avoiding these five costly accounting errors.

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6 Reasons to Attend Trade Shows & Industry Conferences

Posted by IBS Marketing on Sep 7, 2021 11:50:22 AM

Attending trade shows and industry conferences, whether online or on site, can accomplish a lot at once: learning, networking, sharing, and getting leads. However, most trade shows aren’t cheap, and the bigger and better they are, the more expensive they run. Pricing shouldn’t be the only deciding factor, however, and many events offer early bird or group discounts.

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Top Excuses for Late Payments … And How to Address Them

Posted by IBS Marketing on Aug 24, 2021 3:17:30 PM

All business owners eventually discover that dealing with late payments goes with the territory of running your own business. While in a perfect world all customers would pay on time, every time, the reality is: situations happen beyond our control. Employee absences, lost checks, and miscommunication can all contribute to late payments, delinquent accounts, and the subsequent lag in cash flow.

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6 Cash Flow Challenges for Small Businesses

Posted by IBS Marketing on Aug 19, 2021 2:33:35 PM

When you’re thinking about boosting your business’ bottom line, here’s the real bottom line: without adequate cash flow, business will fail. Cash flow is more than just keeping enough cash in the coffers, it’s about how much foresight and control you practice over your company’s finances over the long-term, even when business is hard to predict.

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Create a Timeline to Manage Late Payments & Collections

Posted by IBS Marketing on Aug 11, 2021 11:46:44 AM

It’s common knowledge that the longer a business waits to get paid, the less likely they are to get the payment in full, with each day late translating into less money recovered. While successfully managing accounts receivable is about more than getting paid on time — it’s the art of handling customer credit, optimizing cash flow, and minimizing loss in order to maintain and grow a healthy business — it also means successfully handling late payments.

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4 Ways Small Businesses Can Increase Cash Flow

Posted by IBS Marketing on Aug 4, 2021 11:04:14 AM

A change in political winds. Fluctuating prices of commodities. Unpredictable markets. Many outside events have an impact on business, yet most are out of our control. This is why focusing on what your business can control -- cash flow -- is more important than ever.

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Tired of Managing Accounts Receivable? Outsource It to the Experts

Posted by IBS Marketing on Mar 17, 2021 1:45:00 PM

Delegating A/R is good for cash flow and good for customer relationships

To outsource accounts receivable or not to outsource? While many companies have the right intentions wanting to keep A/R in-house, there are several reasons why outsourcing is often the smartest route. Too often companies make the mistake of mismanaging credit and collections, which can lead to poor cash flow and poor customer relationships.

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Interstate Billing Service Welcomes Procede Software Integration

Posted by IBS Marketing on Dec 18, 2020 8:59:40 AM

Decatur, Ala. – Tuesday, December 8, 2020 – Interstate Billing Service is excited to announce a strategic partnership with Procede Software which will bring mutual customers a step closer to seamless service integration.

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