Leveraging technology can significantly aid in managing Net 90 terms more effectively:
1. Accounting Software: Modern accounting software can automate invoice generation, tracking, and reminders, ensuring timely follow-ups on Net 90 invoices.
2. Financial Analytics: Advanced analytics can provide insights into cash flow patterns, helping companies predict and manage financial needs better.
3. Blockchain: Implementing blockchain technology can enhance transparency and security in financial transactions, reducing the risk of payment delays and fraud.
