Recent reports from Dun & Bradstreet (2011) have revealed business to business payments are becoming increasing more difficult to collect.
The data shows average payment days have increased to 55.6 days, the highest it’s been in over three years, with prompt payments declining by 10.5% compared to the same time the previous year.
This has the potential to severely affect the everyday running of small business, with cash flow management becoming increasingly difficult.
One way to counteract this trend is by offering direct debit as a payment method in your business. By guaranteeing you are being paid on time, every time, you regain control over your customers’ payments, improve your cash flow, save time, and are able to focus more on business.
If you’d like to find out more about how direct debit can help your business, complete our enquiry form and one of our sales consultants will be in touch shortly.