XFER has been serving Michigan since 1994, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

Unpaid Invoices Were a $825 Billion Problem Last Year

Unpaid Invoices Were a $825 Billion Problem Last Year

Businesses exist to make money. Regardless of what that money is intended for, be it to sustain someone’s lifestyle or to bankroll a cause, a business will cease to be without an incoming cash flow. Unfortunately, unpaid invoices can make that cash flow stutter and slow to a trickle, and many businesses experience this problem as billed money doesn’t come in.

This presents those who rely on a small-to-medium-sized business to make a living, from the CEO to the employees, with another problem. How can they be paid if the business isn’t receiving its payment for services rendered until 30, 60, or even 90 days later? Many industries have begun to make these their typical payment terms.
Resultantly, businesses have found it difficult to continue their operations without the financial inundation from their current clients. You may have encountered this kind of issue yourself.

If so, you are not alone by any stretch. Estimates attribute 5% of the entire national gross domestic product to unpaid invoices, with the average small business waiting to be paid around $84,000. 81% of these invoices are past due by 30 days, which is especially bad when one considers that the average small business only has 27 days of capital saved up and available to them.

All in all, estimates put the total amount owed to small businesses due to unpaid invoices at $825 billion.

Even without taking that sum into consideration, this is a clear issue that many businesses face whenever their invoices are not answered in a timely fashion. If these businesses don’t have any funds to spare beyond what is needed to stay in business (assuming they have even that), how will they ever make the improvements they will need to stay competitive? How many projects have you abandoned halfway because it caused too much financial drain?

While it may seem to make no sense to invest your much-needed capital after we’ve just announced that your company may fail without it, there is a simple way to save your business money as you work to get what you’re due. With managed services from XFER, your capital spending on your technology management can be transferred into a predictable, and budgetable, consistent schedule. We can also provide you with the solutions to help you track who is repaying their debt to you, and who isn’t.

Call 734-927-6666 / 800-Get-XFER for more information.

Four Major Benefits of Business Intelligence
Tip of the Week: A Secure 2018 Relies on Powerful ...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Saturday, August 18 2018
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Security Technology Tip of the Week Privacy Microsoft Internet Cloud Saving Money Best Practices Backup Software Managed Service Provider Workplace Tips Business Computing Small Business Google Hackers Productivity Data Hosted Solutions Mobile Office Hardware Mobile Devices VoIP Gadgets Email Quick Tips Malware Efficiency Network IT Support Social Media Business Management Innovation Smartphones Network Security Miscellaneous IT Services Business Continuity Business Server Virtualization Upgrade Windows Disaster Recovery Communication Managed IT Services Microsoft Office Communications Computer Users Mobile Device Management Passwords User Tips Android Data Backup Marketing Smartphone Browser Alert WiFi Holiday Save Money Vendor Management Data Recovery Windows 10 Tech Term Operating System Ransomware Cybercrime Remote Monitoring Mobile Computing Outsourced IT Apple BYOD Information Technology Computers Internet of Things Avoiding Downtime Cloud Computing BDR Bring Your Own Device Router Going Green Current Events Chrome Big Data Remote Computing VPN Automation Best Practice History IT Solutions The Internet of Things Telephone Systems Firewall Facebook IT Consultant Spam Application Collaboration Health Hacking Cybersecurity Social Engineering Trending Phone System Artificial Intelligence Employer-Employee Relationship Wireless Technology Printer Budget Money Proactive IT Managed IT Services Bandwidth Excel App Lithium-ion Battery Office Two-factor Authentication Mobility Business Managament Recovery Business Intelligence Fax Server Maintenance Windows 8 iPhone How To Networking Content Filtering Value Private Cloud User Error Phishing Redundancy Law Enforcement Humor Apps Outlook Office 365 Tutorials Data Protection Applications Virus PowerPoint Unified Threat Management Antivirus Data Security Analytics Website Customer Relationship Management Managed IT Hard Drives Mouse Gmail Retail Tablet Sports Search Twitter Data Management Analysis Administration Windows 10 Document Management Mobile Device Social Networking Streaming Media Risk Management Digital Payment Computer Repair IT Support Network Congestion Vulnerability Blockchain Connectivity Word Saving Time Save Time Google Drive Identity Theft Office Tips Downtime Tech Support File Sharing Memory Compliance Conferencing Inbound Marketing Flexibility IT Management Productivity Entertainment Environment Information Touchscreen Settings Meetings IT Plan Human Resources Online Currency Recycling DDoS Biometrics Point of Sale Content Management Paperless Office Solid State Drive Infrastructure IT service Unsupported Software Education Hacker Encryption Video Surveillance OneNote Statistics Black Market Update Programming Physical Security Skype Cleaning Password Data Storage Webinar Wireless IBM Public Cloud Piracy Comparison Data Breach USB Augmented Reality Intranet SaaS Windows 7 Administrator Robot Running Cable Leadership Work/Life Balance Wearable Technology Workers Computer Accessories Data storage eWaste Credit Cards Best Available Internet Exlporer Access Control Training Social PDF Smart Tech Data loss Scam Bluetooth HaaS Servers End of Support People Safety Wi-Fi Government Machine Learning Spam Blocking Instant Messaging Samsung YouTube CES Smart Office 360 Emails Professional Services Google Apps Insurance Screen Mirroring Reputation Workforce Flash Internet exploMicrosoft Fiber-Optic Safe Mode Electronic Medical Records Cameras Lifestyle Storage Tip of the week Amazon HVAC Windows 10s NarrowBand Software as a Service Nanotechnology Business Owner Licensing Telecommuting Virtual Reality Uninterrupted Power Supply Tools Practices Managed Service Charger Cast WIndows 7 IT Security Customers Addiction HIPAA Sync Advertising Cables Accountants Business Technology Hiring/Firing Printer Server Shortcut Print Server User Remote Support Distributed Denial of Service Windows Server 2008 Files Amazon Web Services Enterprise Content Management Worker Commute nternet Crowdfunding Chromecast Software Tips Remote Work Webcam Students Hosted Solution Bloatware Password Manager Hosted Computing Proactive Computer Care Managing Stress Domains Cache Keyboard Science Company Culture Notifications Telephony Unified Communications Virtual Assistant Law Firm IT Colocation Online Shopping Password Management Audit Help Desk Laptop Google Docs Staff Devices SharePoint Healthcare Netflix Entrepreneur LinkedIn Shadow IT Botnet Business Mangement Inventory PC Care Remote Monitoring and Maintenance Scheduling Wireless Internet Tablets Net Neutrality Start Menu Hybrid Cloud Theft IoT 3D Telephone System Root Cause Analysis Data Warehousing Specifications Supercomputer Hiring/Firing Windows 8.1 Update IaaS Regulations Computing Infrastructure Evernote NIST eBay Computer Fan Windows Media Player Virtual Desktop Touchpad Voice over Internet Protocol Digital Signature Thought Leadership Display HBO Relocation Electronic Health Records Cost Management Travel Legal Criminal Line of Business Alerts Wire Upgrades Analyitcs Mobile Cortana Debate Monitor Millennials Knowledge Macro Wireless Charging Cryptocurrency Text Messaging FENG Customer Service Multi-Factor Security Strategy Content Filter Co-managed IT Frequently Asked Questions Fraud Gaming Console Patch Management Authentication MSP Work Station Consultant Rootkit Politics Battery Transportation Video Games Remote Worker Television Troubleshooting Webinar Benefits Scalability Wiring Automobile Public Computer IT solutions Employer Employee Relationship CrashOverride Smart Technology How to Books Thank You Techology Loyalty Experience Content Two Factor Authentication Emergency Congratulations Music Regulation Worker Audiobook Assessment

Sign up for our Newsletter!

  • Company Name *
  • First Name *
  • Last Name *