The problem of getting paid seems to come up a lot here. Is this more of a process or a cashflow problem? Many companies optimise their cashflow by paying as

The problem of getting paid seems to come up a lot here. Is this more of a process or a cashflow problem? Many companies optimise their cashflow by paying as late as possible without incurring additional fees. Some are even as intentionally 'forgetful' as to not pay at all if they don't get a reminder. Other than selecting your clients more carefully in the future you can't really do anything against shady client behaviour. However, the way I see it for everything else there are existing solutions: - contracts: Obviously define clear payment terms beforehand. - processes and tools: Have your accounting software send automatic reminders if the due date has elapsed without payment. - factoring: There are companies you can sell your receivables to. In exchange for a fee you get paid instantly and the factoring company will take care of collecting the payments.