Are you struggling to get debtors to pay the full amount of their invoice? If so, the secret to success could be to offer an accessible payment avenue for debtors with structured payment plans. As they say a bird in the hand is worth more than two in the bush, so even part payment this month is better for your books than no payment at all!
As a business owner, you’ll know that one of the scarcest resources is time. This is particularly true if you are spending valuable hours recovering debts. But now, there’s a better way to ensure your invoices are being paid while giving you time back to spend on your business – automating your debt recovery process.
Late payment by a customer and needing to implement debt collection techniques doesn’t by any means need to be the end of your business relationship. In fact, done in the right way, it can help preserve your dealings with them for the long-term.