Late payments are costing businesses in Australia over $19 billion every year. This is an increase from the $10 billion it cost businesses in 2015, and it's costing businesses more than ever before (AFN Corporate Finance).
While late payment might be a global issue for SMBs, it's a problem deeply ingrained in Australia’s business culture. In a recent study on 150,000 small Australian businesses, a staggering 53% of all invoices sent were paid late by an average of 23 days (Xero).
These late payments cause a whole host of issues such as difficulty forecasting, cash flow strains, stifling business growth, and hours spent following up on overdue payments.
It's time for that to change.
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In the average month, 48% of all invoices issued get paid late (Xero and Paypal). Research also shows that on average, Australian businesses have their invoices paid 37 days past the due date (ASBFEO).
The impact of late payments can be huge, with businesses often forced to use their own personal credit cards or funds to keep the business running, and can also impact staff retention rates.
Join this webinar for 20-minutes of practical advice and tips on how to get your invoices paid faster and reduce late payments.
The 15 AUD coffee voucher offer applies to new webinar registrants only (‘participant’). To use this offer, you must not be a previous or existing Chaser triallist, or Chaser user.
This offer is available to contacts at businesses trading in Australia. To claim the offer, the participant must attend the live webinar.
The participant is awarded a 15 AUD voucher for attending the webinar, which can be redeemed to use with vouchers available in your country - these include Uber Eats, DoorDash, and more.