One of the biggest frustrations with running a small business is dealing with unpaid invoices.
Some of you reading this might even remember the days of ‘the cheque is in the post’ excuse!
It’s not surprising that 78% of SMEs are thought to be affected by late payments, and the average SME debt has grown to around £25,000 per year.
While it’s something that many small businesses come to expect, we all know that late payments are not conducive to good business! They create inefficiencies, impact negatively on cash flow and can damage client and supplier relationships.
That’s where Paycada comes in. Seeking to reduce aged debtors quickly and efficiently, it sits comfortably alongside Xero to simplify the process and ensure you get paid on time.
Say goodbye to late payment chasing emails, follow-up phone calls and difficult conversations.
No one likes sending nagging emails to chase unpaid invoices - you’ll no doubt have a hundred and one other tasks to take care of that would make better use of your time.
The trouble is, the longer unpaid invoices sit on your clients’ aged debtors list, the more time, effort and resources are required to get those invoices finally paid.
Paycada is designed to simplify accounts software reconciliations and help businesses to stay on top of late payments and unpaid invoices by doing all the legwork for you.
Sitting neatly next to Xero, Paycada will send customers gentle reminders that are strategically timed and worded to encourage early payment while maintaining crucial business relationships.
What’s more, Paycada includes a personalised payment portal that enables customers to view their invoices online, and pay via card or bank transfer, easily and quickly, simply by clicking on a link in the body of the reminder email.
Automation with the human touch
With Paycada, all communications can be customised to achieve the right tone for your specific client relationships and can be tailored to how friendly and personable you want them to be. Or you can choose not to send any automated messages to some clients.
Your logo and branding can also be added to your chasing emails, as well as the online payment portal, so that those paying the invoices know exactly who they are dealing with.
Clever personalisation, combined with Paycada’s automated reminders, track and adapt to customer behaviour. They are strategically designed to contact payees with the right prompt at the right time; it saves time and simplifies the process for both you and your customers.
Together, they work to increase cash flow, reduce the need for uncomfortable conversations and ultimately get you paid on time, leaving your customer relations intact.
If you’re looking for a seamless, hassle-free and friendlier way to deal with invoicing and late payments, we’d welcome a conversation – to discuss how Paycada can help. Just drop us a line, and we’ll get in touch for a friendly, no-obligation chat, or if you prefer, a personal demo.
