Struggling with unpaid invoices? Are you looking for a way to speed payments and incentivize your clients to pay on time?
Being paid on time equals improved cash flow. This is common knowledge, but how can you make it easier for those in receipt of your services to pay outstanding fees, so that your business reaps the benefits? After all, in the UK in January, average e-commerce weekly sales were at a staggering £1.2 million–a figure that is steadily increasing. We at Invoice Tracker have partnered with Stripe to assist you in this process. But what is Stripe, and how can their services help the cash flow in your business? (more…)
Getting paid on time is crucial to the cash flow of your business. Late payments are unfortunately a common issue in businesses of all sizes, and it can be complicated and time consuming to chase unpaid fees. You know that keeping on good terms with your clients is important, but also that unpaid bills need to be paid–after all, the service was provided and you have put a lot of time and effort into the finished result. You have done your part, so it can feel disrespectful when your customers have an account overdue. (more…)
How can you find more time in your work day, while also being able to keep your cash flowing? Traditional methods of invoicing are tedious, prone to error, and time-consuming. It can be difficult and complicated to reconcile at the end of a payment period, and costly for supplies. You are tasked with the monotony of rewriting each customer detail and accurately relaying sensitive payment information. (more…)
Did you know that 39% of invoices are not paid by their due date? Not only that, but 48% of clients delay their payments, and a further 52% of businesses are asked by their clients for extended terms. Invoice collection is a crucial part of your business, where keeping your cash flowing is important so that your business will thrive. (more…)
Keeping your accounts receivable in order is a challenge. Often the problem seems to lie with others. According to a 2017 Payment Practices study by Atradius, 92.6 percent of businesses report late payments, 48.8 percent of invoices are overdue, and businesses were forced to write off 2.1 percent of receivables as uncollectible. While we can’t control when and how clients make payments, setting up measures to keep accounts streamlined can clear up the clutter. (more…)
It can be uncomfortable to navigate the issue of late payments by your clients, but it is a common issue faced by businesses across the globe. You’ve built relationships with your customers, worked hard on their behalf, and met all of the agreed deadlines, only to find a few days or weeks past the due date that they have not yet paid for your service. (more…)