Late payments are expected to grow significantly in the coming months following rising inflation and interest rates.
Cashflow is necessary to fund business growth, paying the wages and your suppliers.
There are various tools available to monitor the financial health of your customers and to automate debt chasing.
There are also ways of making it easy for the customer to pay – such as “pay now” buttons on invoices sent out electronically. Direct debits can also be set up quickly and easily to put you in control of when you get paid.
