Late invoice payments and lack of payment methods costs Australian small businesses a combined $20 billion each year. The whitepaper – Getting What’s Owed to You – explores current challenges in payment collection and new technologies that could save Australian businesses thousands of dollars annually.

Late invoice payments and lack of payment methods costs Australian small businesses a combined $20 billion each year. The whitepaper – Getting What’s Owed to You – explores current challenges in payment collection and new technologies that could save Australian businesses thousands of dollars annually.

Faster, easier invoicing and debt collection for businesses. Seamless payments for customers.

Of all trade between Australian businesses, 53% of invoices are paid late at an average of 23 days. Another 20% of paid invoices are the incorrect amount, while another 20% are sent to the wrong address. It costs Aussie small businesses over $7 billion each year alone in working capital.

SpendaCollect is here to restore the cash flow and level the playing field for all Aussie businesses through better technology that saves time, money and resources for both suppliers and their customers.

Businesses can quickly and easily invite their customers to join the SpendaCollect portal, where registration and account setup is quick, secure and seamless.
Customers can view all incoming invoices and transaction history, with notifications on due and overdue payments. They can then select one, multiple or all invoices to batch-pay in real-time via flexible payment methods.

A transaction flow integrates end-to-end to ensure accounts receivable ledgers between supplier and customer are in sync. SpendaCollect can also integrate in real-time with your existing ERP management system or accounting software (MYOB, Quickbooks, Xero).

It means reconciliation is automated, manual data entry is removed, payments arrive accurately and the most efficient cash flow between supplier and customer can exist without errors.

Of all trade between Australian businesses, 53% of invoices are paid late at an average of 23 days. Another 20% of paid invoices are the incorrect amount, while another 20% are sent to the wrong address. It costs Aussie small businesses over $7 billion each year alone in working capital.

SpendaCollect is here to restore the cash flow and level the playing field for all Aussie businesses through better technology that saves time, money and resources for both suppliers and their customers.

Businesses can quickly and easily invite their customers to join the SpendaCollect portal, where registration and account setup is quick, secure and seamless.
Customers can view all incoming invoices and transaction history, with notifications on due and overdue payments. They can then select one, multiple or all invoices to batch-pay in real-time via flexible payment methods.

A transaction flow integrates end-to-end to ensure accounts receivable ledgers between supplier and customer are in sync. SpendaCollect can also integrate in real-time with your existing ERP management system or accounting software (MYOB, Quickbooks, Xero).

It means reconciliation is automated, manual data entry is removed, payments arrive accurately and the most efficient cash flow between supplier and customer can exist without errors.

SpendaCollect ROI Calculator

Want to find out how much SpendaCollect can save your business each year? Use our ROI calculator below.

This should be used as a generic guide only.


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