know what's next

A dance company was having a hard time with cash flow – it wasn’t that people weren’t paying their fees, they were just paying very late.  This had an affect on how the organization could pay their most valuable resource: their instructors.  Sure collections process can help, but what was needed was a cash flow report design that allowed their team to see outstanding balances, upcoming cash requirements, and the ability to project and plan for the shortfalls and collection time.  Doing so allowed the organization to see and prioritize their bills against obligations such as payroll and long-term needs such has new mirrors.  Reporting tools are crucial for organizations of all sizes.