SMBs bear the brunt of late payments, which hit hard on the underpinning functionalities and success of organizations. As facts are best told in numbers, here is a survey conducted by Marketvoice on every aspect of invoices for small businesses. The results of this survey are based on data collected from over 80,000 invoices issued to different companies in nearly 90 countries. The key facts derived from this data are: 62% of invoices are paid late 1/3rd of the invoices...

Striking the productive balance between multiple facets of a business is no easy feat. The realization of delayed and unpaid invoices makes it furthermore demanding. Fundbox surveyed a few SMBs to understand the impact of unpaid invoices and found that across the United States, on-time payments can help SMBs hire an additional workforce of 2.1 million employees. Is there a strategy to effectually facilitate timely payments in SMBs? A sales cycle initiated with a pro forma invoice can help streamline...

Running a small business in the age of rapid globalization is a challenge. As a business owner, you have to wear multiple hats. You are the store manager, customer care executive, marketer, and the accountant, all at the same time. However, one of the frustrating and mundane responsibilities you have to carry out is dealing with invoices... Only timely invoice payments will ensure you are bringing in more money than you are sending out. Unfortunately, late invoice payments plague many...