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Showing posts from March, 2021

Payment Tracking Software

Complete dashboard of your all outstanding payment, follow up, Invoice payment status & many more. Sends automatic reminders to your customer for all your upcoming payment dues. Why Automate to get paid faster Automations across the board save you time and money. And time is money for a busy  entrepreneur.  But the benefits of automating invoices extend beyond that—especially if cash flow  ebbs and flows. Automated invoicing can help you get paid faster. Sample data from  2016 reveals that micro businesses (turnover < Rs10 crore) had a greater burden of  delayed payments with median days sales outstanding (DSO) of 79 days, followed by  small businesses (turnover <Rs50 crore) at 72 days.  Comparatively, large companies enjoyed much quicker payments at a DSO of 56 days.  The construction sector was the worst hit, with micro businesses waiting 180 days to  receive payments. In manufacturing, micro businesses had a DSO of 85 days compar...