We are continuing to crunch the numbers on 300,000+ invoices to bring you insights to improve your cash flow. This time, we dive into the value of invoices issued vs time to get paid.
Recent Posts by Jeremy Kwong Law:
A key issue in managing your cash flow is getting paid by your customers as quickly as possible. Since most businesses don’t get paid upfront in cash and rely on issuing invoices to customers, it’s really important to speed up the time to get your invoices paid ASAP.
Do you have late paying customers? We found that 54% of all customer invoices are paid late. This is a major cash flow drain to your business. Stop playing bank to your customers and get paid faster with this 3 step process.
Majority of businesses offer trading terms to their customers. This is especially true for B2B companies. We found that 81% of customers are offered trading terms by businesses.