Contact us today!
(800) 588-4430

Telesys Voice and Data Blog

Telesys Voice and Data has been serving the Richland Hills area since 1994, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

Unpaid Invoices are a Major Problem For SMBs

Unpaid Invoices are a Major Problem For SMBs

While many different people open businesses, the primary reason that they all do so is to make money. A positive cash flow is essential if the business is to generate funds that support a cause or provide a decent living. However, to collect this cash flow, a business must have their invoices returned. As it happens, this doesn’t often occur in a timely manner.

Whether you own a business or work for one, you need the business to make money so you can make money and settle your finances and debts. This becomes challenging when the status quo dictates that payment terms can stretch the time for an invoice to be paid to up to three months. This delay between the transaction and the actual payment has led to many operational difficulties in many businesses.

There’s a good chance that you know about this from firsthand experience, as these difficulties are exceptionally common. Estimates have attributed 5 percent of the national gross domestic product to unpaid invoices. 81 percent of invoices are past due by 30 days or more, with the average small business waiting for approximately $84,000 to come in from invoices that have yet to be paid. This average business also only has about 27 days of assets saved.

Added up, estimates say that businesses were owed $825 billion in unpaid invoices in 2016.

It is pretty clear that outstanding invoices are a considerable problem for small businesses, and in some cases medium-sized establishments as well. Improvement and innovation simply can’t happen if all of a business’ funds are tied up in sustaining themselves as they wait for payment. When was the last time you had to postpone something as you waited for money to be available for it?

However, sometimes you have to spend money in order to make money. With the services we offer at Telesys Voice and Data, you can have your capital spend reduced by budgeting your IT costs into a predictable monthly rate. We’ll provide you with software that can help you keep track of from where, and when, you should expect a payment.

For more information about line of business applications and the other solutions we have available, give us a call at (800) 588-4430.


No comments yet
Already Registered? Login Here
Sunday, 22 April 2018
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Blog Archive

Free Consultation

Sign up today for a
FREE Network Consultation

How secure is your IT infrastructure?
Let us evaluate it for free!

Sign up Now!

Free Consultation

Tag Cloud

Security Tip of the Week Technology Cloud Best Practices Hackers Privacy Malware Business Computing Productivity Business Email Microsoft Internet Windows 10 Hosted Solutions Backup Ransomware Computer Software IT Services Network Security Managed Service Provider Mobile Devices Android Smartphone User Tips Workplace Tips Managed IT services Google IT Support Social Media Hardware Browser Communication Disaster Recovery Outsourced IT Business Continuity Efficiency Innovation App Data Management Smartphones Holiday Data Small Business Office Business Management Cloud Computing Upgrade Microsoft Office Server Office 365 Data Backup Windows Remote Monitoring Facebook Miscellaneous WiFi Network Artificial Intelligence Gmail Big Data Internet of Things Encryption Spam Password Firewall Data Recovery Apps Robot Phishing Hosted Solution Recovery Employer-Employee Relationship Apple Productivity Avoiding Downtime Risk Management Customer Service Mobile Device Management Word Unified Threat Management Hacker Infrastructure Saving Money Remote Computing How To Content Filtering Government Save Money Money Tip of the week Paperless Office Work/Life Balance Passwords Office Tips Cybersecurity Chrome Managed IT Services Two-factor Authentication Health Settings Analytics IT Management Vendor Management Hacking The Internet of Things Mobile Computing Computers Alert Tech Support Antivirus Mobile Device Data storage Managed IT Data loss Bandwidth Operating System Computing Tech Term Education VoIP Cybercrime Presentation Business Growth Virtual Reality Windows 10 SaaS Telephone Systems BYOD Customer Relationship Management Social Document Management Outlook Website Applications Data Security Wi-Fi IT Support Best Practice Legal Server Management Mobile Security Lithium-ion battery LiFi File Sharing Business Owner Twitter Licensing Maintenance Politics Monitors Travel Digital Payment Marketing Google Drive Websites Automation Going Green Augmented Reality Physical Security Competition Taxes IBM Running Cable Botnet Project Management Printing Samsung Information Technology Business Technology Bring Your Own Device Search Tablet Humor Storage Sports IT service Cortana Analyitcs Computer Care Virtualization Administration Training IT solutions Scam Safety Specifications Wireless Technology Vulnerability Wireless Automobile Upgrades Budget User End of Support Downtime VPN communications Identity Theft Mouse Retail YouTube Virtual Private Network HIPAA Unified Communications Collaboration Emoji data services Application CCTV Help Desk Public Speaking Technology Tips Gadget Display Users Mail Merge IT Technicians Hacks Disaster Resistance Modem Consultation Managed IT Service IT Budget Mobile Data User Error Statistics Hotspot Mirgation Comparison Address Current Events Proactive IT Cookies Break Fix Printer Processors PowerPoint Laptop Bluetooth Language Hard Drives G Suite Software Tips Migration Corporate Profile Black Friday Virtual Desktop Redundancy IT Consulting Nanotechnology Quick Tips Dark Web Motion Sickness Consumers Access Control Google Docs Halloween Computing Infrastructure Refrigeration Chatbots WannaCry Cyber Monday Writing Deep Learning Data Breach Fun Time Management Data Warehousing Personal Information SharePoint eWaste Scary Stories Alerts IT Consultant Cabling Identity flu season Machine Learning Social Engineering IT Sevices Technology Laws Network Management Microsoft Excel Meetings Computer Repair Downloads Environment Notifications Cooperation Undo Cleaning Lenovo IP Address VoIP Fort Worth Relocation Staffing Google Wallet Alt Codes Unified Threat Management Touchscreen Blockchain Webcam BDR Electronic Medical Records Disaster Multi-Factor Security Troubleshooting Crowdsourcing Dark Data Shortcut Staff Superfish Compliance Mobile Office Digital flu shot Private Cloud GPS Drones Typing business communications systems Permissions Point of Sale Google Maps Uninterrupted Power Supply Google Calendar Phone System Buisness Patch Management Flexibility Regulations Spyware Fort Worth IT Error Tracking Cryptocurrency Internet Protocol Knowledge Fraud Solid State Drive Legislation Operations Networking Social Networking How To DFW IT Service Update Bitcoin VoIP streamlines Experience Heating/Cooling Net Neutrality Web Server Hard Disk Drive Wearable Technology Motherboard Firefox Smart Technology Administrator 3D Printing Chromebook Windows 8 business network infrastructure Servers Internet Exlporer Cameras Domains Software as a Service iPhone Law Enforcement Network Congestion Techology Router 5G Assessment Distributed Denial of Service Entrepreneur Supercomputer Unsupported Software

Top Blog

Don't be Afraid to Replace Got an older PC that's causing you a lot of issues? Older technology is typically more expensive to run, and after a while, it's cheaper to simply buy a new desktop than it is to continue pouring money into something that always seems broken. It's a great time to buy wo...