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direct debit being used online.

The Benefits Of Direct Debit For Your Business

September 28, 2021Late Payments

Getting paid on time should be simple, but sadly, a lot of businesses that release stock on credit are left out in the cold waiting for their payment to come in for weeks. In a recent study on 150,000 small Australian businesses, 53% of all invoices sent were paid late by an average of 23 …

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How to write a letter of demand (Template Included)

August 2, 2021Invoicing , Late Payments

How to Write a Letter of Demand (template included) A powerful addition to your collections toolkit is having a demand letter. This comes into play when you have tried everything to receive a payment from your customer/s. A letter of demand, also known as a dunning letter or debt collection letter, helps your B2B customers …

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5 Steps To Help SMEs Manage Credit Risk

July 26, 2021Cash Flow , Late Payments

5 Crucial Steps to Assist SMEs Manage Credit Risk In industries, such as wholesale and distribution, credit is seen as a necessity when doing business. Credit offers you a way to sell more to your customers and grow faster. However, sending out goods before receiving payment has it’s risks. It leaves you open to late …

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invoice reminder on a computer screen.

The Template to Get Paid Faster: Invoice Reminders

May 6, 2021Late Payments

The template to get paid faster: invoice reminders If your overdue invoices are building up, no doubt you have looked at ways of automating the process using some type of reminder process. This most likely has been out of your accounting software; however you may not have turned them on as they don’t provide the …

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Man reviewing his credit applications on paper.

Do Credit Agreements Mean Anything?

March 22, 2021Late Payments

Do credit agreements mean anything? Does the following sound like you? Your credit agreements have evolved over time from a word doc to a PDF that needs to be printed off, filled in, signed and scanned back. Your customers are still printing, filling-in, signing, scanning and sending back incomplete credit apps. Missing information is just …

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Paperwork showing a high credit score of 890.

Most Business Owners Fail To Check Their Credit Health

November 27, 2019Late Payments

How to maintain a healthy credit score For business owners who are looking to obtain a loan for their small businesses, checking your business credit score is a critical step in this process. Here is why. When you apply for a business loan, the lenders take a number of different factors into consideration, this most …

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