Blog posts • Aug 16, 2017 11:30 BST
Invoicing should be simple – you fulfil a task, cost it, document the information and then send. But it’s rarely that smooth. Every stage of the chain is susceptible to inefficiencies, particularly when completed with manual processes, causing a domino effect that drives up costs and elongates payment times. With a function so vital to cash flow it’s imperative to identify a better way.
Blog posts • Jul 26, 2017 11:00 BST
According to Yougov, 85 percent of UK SMEs are affected by late or non-payment of invoices, with each owed on average £6,142. With their often limited budgets, smaller organisations are forced to find alternatives to cover the shortfall – often overdrafts and loans – and have to pass on investment opportunities, stunting growth.