Today, field service businesses face numerous challenges, including a rapidly changing economic landscape, shifting customer base, evolving technologies, graying workforce, and more. Many field service businesses are focusing on field service cash flow to remain competitive, agile and adaptable.
While improving field service cash flow may be top of mind for organizations, it’s imperative to examine the various strategies and opportunities before deploying any approaches to addressing cash flow challenges.
Let’s take a closer look at some key best practices, strategies, action items, and approaches that can help field service businesses improve cash flow. Armed with these insights, you’ll be better positioned to understand and implement what needs to be done to increase and manage your cash flow.