Get started

Smart practices to help you optimise your credit control and strengthen cash flow

Adrian Floate
11 May - 5 min read

When you’re running a large operation with hundreds of invoices processed each month, the resources required to manage your payments grow quickly, especially when ageing receivables become a problem. While customers may not pay their invoices for various reasons, it happens too often, causing a range of challenges and increased risk. Over the last two years, 60 per cent of businesses experienced increased debt management costs, and 54 per cent of companies say that B2B credit sales result in late payments.

Related Articles

Avatar
How virtual cards are transforming B2B trade

In recent years, the increasing adoption of mobile wallets and contactless payments has made consumers more comfortable with paying without the need for a physical card. In B2B trade, virtual cards work in a similar way whereby businesses issue credit cards to their customers as an additional payment option. Not only do virtual cards help […]

Avatar
Spenda integrations: Future-proof your accounting and make work easier

Seamless data flow is critical for efficient financial operations, regardless of the size of your business or industry.

Avatar
How to transform your accounts payable function into a strategic powerhouse

For many years, accounts payable (AP) has been a cost centre in most businesses.

Inside Small Business