Using eLink to improve cashflow

I thought it would be useful to write a quick list of ways eLink can be used to help improve credit control and thus cash flow.

• Use invoice templates to get your invoices out faster. Setting up document templates that pull key fields from eLink, such as the Contact name, Company details and invoice references, amounts and product descriptions means faster more accurate generation of invoices;
• Project cost control 1 - use a query in your MyPortal (or receive an emailed report) to detail your gross margin summary per client project. this means you're always well informed and thus know when to invoice for further payments from your clients;
• Project cost control 2 - using the Timesheet module you are informed exactly when you have done the contracted for amount of work and hence when you can ask for more money;
• Customise your MyPortal to show recurring contracts that are due for renewal and ensure you invoice for the next year on time;
• Receive a daily list of your outstanding invoices/aged debtors automatically and you can chase up the tardy payers very quickly;
• Chase up late payers with emails sent to them automatically. Have a series of emails set up with different wordings that get harsher as time goes by. These emailed chase ups leave only the very worst payers to be chased up manually.