Whichever way you look at it, running a small business is tough. It shouldn't be, but it is. One of the biggest bugbears among SMEs is the constant nagging, debilitating worry over being paid on time.
In a recent industry survey, 25 per cent of SME owners said they relied on bank overdrafts to make essential payments. Some 28 per cent of SME company directors say they reduce their own salaries so that working capital can be kept inside the business.
Really? Is that what we are in business for, to cut our own salaries and have sleepless nights?
You have supplied the goods or services and now you expect to be paid. However, there is a chasm of uncertainty between expecting to be paid and having the cash in your account and available to use.
If SME's had access to the same collection methods that large companies have, the problem would be virtually solved over-night.
Well, if you partner with Eazipay, you will have. You see, we are authorised to collect Direct Debits from your customers and put the money (your money) into your business bank account within three working days.
We can even help you expand your customer base by giving you access to our new secure payment services which allows you to take debit or credit card payments directly (and in real time) from your customers over the phone, or through your website.
It's your business to generate sales. It’s our business to make sure you are paid when you do.