Are unpaid invoices obstructing your cash flow and causing havoc for your business?
Are you struggling to get some of your customers to pay their invoices on time? Have you tried polite chasers or early payment incentives but neither seem to work? Or perhaps you seem to be forever wasting your precious time and resources chasing after late payers?
Many businesses face the same issues
Unfortunately, many businesses face the exact same issues at some point in their business journey.
The problem is, unpaid invoices are not just an annoying inconvenience, but can have a massive negative impact on your business.
Why?
Because cash flow is king when it comes to running a healthy business!
The simple fact of the matter is, without adequate cash flow you won’t have the money to keep your business fully functioning.
In the worst case scenario, it could even result in you going bust and losing everything! This is why keeping on top of your finances is business critical.
Unpaid invoices = poor cash flow
Poor cash flow not only puts an immediate strain on the day-to-day running of your business but has a knock-on effect on your suppliers that creates even more challenges. This can damage your reputation (which can be just as costly as bad debt!).
On top of everything else
Staff have to be paid
You need to have cash for day-to-day operational costs
You need to make a profit for your business to prosper
Imagine then for a moment if...
You could effectively incentivise customers to be punctual payers
You could better manage cash flow to invest in improvements and still be in profit
Your business reputation soared because you can now pay ALL your bills on time!
The good news is – all this is entirely possible
Deter Late Payers With Get Paid Faster
GetPaidFaster, our easy-to-use payment reminder and debt reporting system, allows you to not only manage and monitor your invoices but incentivise your customers to always pay on time.
You can upload all your unpaid invoices and debt and schedule automatic payment alerts to remind and encourage your customers to pay on time.
But that's not all!
You also have the option to report very late payments to CreditRegistry, Nigeria’s largest credit bureau.
This is an extremely effective deterrent for repeat late payers and debt defaulters! Getting paid on time means you can grow faster, have more cash to invest to make your business even better.
How it works
1
Sign Up
Sign up and add your unpaid invoices and debt to our easy-to-use dashboard that you can access 24/7.
One account for all your businesses
Manage all your unpaid invoices and debt for multiple businesses from one account.
One account for all your businesses
Manage all your invoices for multiple businesses from one account.
Set Payment Reminders
Set up your payment due date and payment reminder schedule, and we will do the rest. Your customers will receive friendly reminders when it’s time for them to pay.
2
3
Report Late Payments
You have the option to report past-due payments to CreditRegistry, Nigeria’s largest credit bureau.
Select CreditRegistry report settings
Get paid before debtors can access more credit elsewhere
GetPaidFaster creates a disincentive for customers to delay paying you. And when you get paid on time, your cash flow improves so that you can sustain your business.
With GetPaidFaster, you and other businesses exchange information about the risk that bad debtors pose to your business. Reporting unpaid debt to CreditRegistry holds the debtor accountable and helps everyone.
Awareness by your customers that you vet them and exchange information about their payment behaviour through CreditRegistry encourages them to be good-paying customers or face negative consequences.
