Late payments are still a major concern for Australian businesses, with nearly 94% of businesses experiencing this issue in the past year(Atradius, 2023).

This is evidenced by the fact that over half of all B2B receivables remain overdue, and on average, businesses have to wait 24 days to be paid (Xero, 2023). A result of inefficient and manual payment processes that prevent businesses from paying each other correctly, and on time. And when invoices continue to be paid late, it causes significant cash flow problems for businesses, disrupt operations, and can even lead to business failure.