Your Unpaid Invoices Tamper Operational Efficiencies
Late payments can adversely impact the operational efficiencies of companies. When they don’t have a steady flow of funds coming in, they have to resort to measures like reducing future investment and annual bonuses; in some cases, they cut off staff pay. This could have a negative impact on staff morale and their productivity, which ultimately hammering the company’s growth. According to a survey, about 11.0% of all invoices are paid late to SMEs and about 7.5% of them are eventually written off as bad debt. Companies facing such financial uncertainty should promptly seek professional advice and avoid short-term cash problems.
HeavenSpot has the expertise to assist SMEs preoccupied with cash flow problems which further limit their growth opportunities. We invest time and resources to collect outstanding payments and prioritize timely payments in the future so you can spend your time and energy on delivering exemplary services, and adding value to the customer experience. In return, we’ll just take a piece of the pie (no hidden costs) once your money is collected.