Small Business is our Business

Eighty percent(80%) of small businesses are plagued by late payments from customers.

How are these small businesses dealing with late payments?

*71% use email to follow-up on late paying customers

*63% use the phone to follow up

*22% charge late payment penalties

*20% offer early payment incentives

Source:  Small Business Pulse Survey conducted by PaySimple, an accounts receivable company, in 2012.

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