With Great Power Comes the Electricity Bill.
Make sure your Accounts Payable is managed effectively.
On the first day of working with a new client, the local power company showed up to turn the power off due to non payment. Fortunately the service man was kind enough to give us one day to get everything worked out. My client was perplexed as to why the bill had not been paid. The answer was that the checks were sitting in one of the many piles of paperwork on my client’s desk. You know that pile of paper that just keeps growing as you put out the fires of the day but you never seem to get to. My client did not have a clearly defined bill paying or accounts payable process which was costing the company money not only in late fees, credit problems and wasted productivity time.