Adrian Floate 16 December - 3 min read
A payment platform that lets customers settle multiple invoices in one transaction could be a ‘game changer’ for ending late payments.
Australian business software developers have created SpendaCollect, which allows customers to track, group and batch-pay all of their outstanding invoices simultaneously.
The unique software will also offer postpay options, where customers can negotiate payment options, including buy-now, pay-later and pay-by-instalments.
Providing customers with easy and flexible payment options is the key to getting paid quickly.
Buy-now, pay-later financial services, in the business-to-customer (B2C) space, have enjoyed exponential growth in Australia by allowing customers to pay off goods and services in interest-free instalments.
We’ve essentially flipped the service to also cater for business-to-business (B2B) transactions.
Allowing businesses to process all of their invoices in one place saves time, money and resources for all parties.
The advantages of the SpendaCollect e-invoicing software include:
Many things need to be operating successfully for a profitable business, but the most important factor is cash flow management. Without adequate cash flow, it becomes difficult to pay suppliers, manage stock and cover the everyday expenses of running a business.
As businesses have started using technology more, online payment fraud has become a common problem. Email payment fraud is one of the most common and costly online scams.
Australian small to medium businesses (SMEs) have a cash flow problem and despite government legislation implemented on 1st January 2021, many may not survive if lockdowns and trading restrictions continue.
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