As a small business, you will have a whole range of issues to deal with. However, none are so frustrating as not getting paid for the work you have carried out. If you are struggling to get paid, then your whole business will suffer as a result. You can’t pay your staff. You will end up wasting time and resources in trying to claw back the lost revenue from these customers. Not to mention the level of stress that accompanies these frustrations. But in this day and age there are solutions out there that offer you a hasslefree way of recouping your lost revenue.

The truth is late payments are severely risking the ability of small business to stay in business, And, unfortunately this is a problem that is on the rise, not in decline. Not only does this problem affect the business, but many business owners are turning to their own funds to cover these losses. Making the whole idea of running a business absurd. This means that there is more of a need than ever to have some sort of contingency plan. Having these sorts of measures in place means that you can relax and let someone else do this vital  work.

The following infographic is designed to show you the financial losses small businesses are suffering as a result of non payment. It highlights the extent of this problem, along with the sources of the issue of non-payment. It is clear a solution is needed to the extensive and rising problem.