6 ways to get your invoices paid on time during a recession

In a dream world, all invoices you issue to your customers get paid on time. But, as all businesses know, this is not the case.

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).

According to some economists, it's only a matter of time before we feel the effects of a looming global recession. This is bad news for businesses all around the world, especially in light of the existing late payment crisis. When a recession hits, companies will be scrambling to get paid, and your team needs to be prepared. The good news is that there are several things you can do to ensure timely payments, even during a recession.

Chaser has helped businesses chase and recover over $6 billion in late payments to date and we want to give you our best tips on how to get your invoices paid on time during a recession!