Payables Crunch

Who would you pay first in business when money is in short supply? The order of prime importance would be taxes, loans and employees.
there are all kinds of taxes - income and wage taxes, sales taxes, RE taxes (if you own a building), business priviledge taxes, annual tax to states you are licensed in. Scheduling tax payments early enough will hellp you see what you owe and how to schedule these payments. Do not wait until the letters come in the mail to do something about it.
RCM can hellp you forecast. One product we have is a Cash is King Checkup system that will help you see how and when you can make these payments, so you won't be blindsided.
Loan payments are very important to make on time. Depending on your cash flow you may choose to make payments to financial institutions earlier than is required. If your interest is based on daily compounding, then paying early could save you interest on the life of the loan. The bank will be able to provide credit history in your favor for new credit that you apply for.
Employees are the life blood of your company. Sure, you could try to to it all during an economic downturn, but where are you going to find these employees once the economy turns. And do you know when that will be? Employees can help you do the tasks that need to be done, while you are investing your time to finding more and faster paying customers.