It feels like the world has been turned on its head overnight and with it businesses have scrambled to reinvent themselves, often taking a digital-first approach and in some cases pivoting to new sectors completely.
The fundamentals remain - creating a viable product that services a market, selling it to clients, and maintaining that relationship. Crucial to this is cashflow and ensuring invoices are paid on time and this is something that many are having difficulty with.
At PayBrix we work with several companies who have recently found themselves spending an inordinate amount of time going through their debtors list, manually contacting them via email and phone on a daily basis. We worked with them and in an afternoon set each customer up on our automated service - no more scheduled calls, no more follow-up emails, no more spreadsheets upon spreadsheets.
With our built-in payment gateway, customers also saw an increase in immediate payments, helping them to successfully trade through difficult months. It allowed them to move staff into more business development roles, to create solutions to pressing economic issues, all the while our automated system chipped away in the background at their invoices.
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