253.777.0763    Get SUPPORT

Graemouse Technologies Blog

Graemouse Technologies has been serving the Lakewood & Tacoma area since 2007, 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 Graemouse Technologies, 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 253.777.0763 for more information.

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


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Friday, 25 May 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

User Tips Managed Service Provider Data Security Passwords Hosted Solutions Emails Tech Term HaaS Data Backup Network Congestion Internet Work/Life Balance Millennials Flexibility Remote Monitoring Title II Social Media Data Online Legal BYOD Outsourced IT Comparison Conferencing Hosted Computing Downtime Office 365 Applications Avoiding Downtime Communications Office Computers Settings Windows 10s Excel Bring Your Own Device Google Travel Two-factor Authentication Inventory Redundancy Unsupported Software Internet Exlporer IT Consultant Fraud Smartphone Password History Addiction Productivity Leadership Managed IT Services Holiday Data Recovery Email Update Chrome iPhone Practices Cache Telephone Systems Windows Automation Microsoft Office Security Gadgets Flash Marketing Apple Public Cloud Privacy Cloud Computing Internet exploMicrosoft VPN Phishing Staff Windows 7 How To Credit Cards OneNote Accountants Technology Botnet Managed IT Services Internet of Things IT Support Money Wireless Charging Cybercrime webinar Keyboard Cortana Content Management Tip of the week Browser Devices Data Breach Best Practices Ransomware IT Management Cybersecurity Knowledge Operating System Managed IT Emergency Business Management Alert Patch Management Identity Theft Meetings Business Computing Software Tips Saving Money Mobile Devices Bandwidth Remote Work Voice over Internet Protocol Google Apps Windows Server 2008 Physical Security Specifications Relocation Infrastructure Charger Vulnerability Router Server Smartphones Employer-Employee Relationship Hackers Network Security Artificial Intelligence Multi-Factor Security Efficiency Website Trending CES Small Business Google Drive Private Cloud Password Manager Access Control Law Enforcement Android Tip of the Week User Error Social Engineering Thought Leadership Business Continuity Cleaning Collaboration Mobile Device Management App Government HIPAA Electronic Medical Records Spam Blocking Word Microsoft Data Protection Software Workers Computer Tools BDR Business Intelligence IT Plan Twitter IT Services Apps Network Wireless Internet Human Resources Business Mangement Quick Tips VoIP Upgrade End of Support Virtualization Humor Telecommuting Root Cause Analysis Mobile Device Wi-Fi IBM Business Cloud Communication Networking Backup PDF Windows 10 Spam Hardware Windows 10 Blockchain Innovation Save Money Data Storage Malware

Newsletter Sign Up