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
Wednesday, 18 July 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 Malware Privacy Business Computing Productivity Business Email Microsoft Internet Windows 10 Hosted Solutions Software Backup Managed Service Provider Computer Ransomware IT Services Network Security Mobile Devices Android Smartphone Managed IT services User Tips IT Support Workplace Tips Social Media Google Communication Outsourced IT Hardware Browser Disaster Recovery Business Continuity Efficiency Innovation Data Management App Data Backup Smartphones Holiday Cloud Computing Data Small Business Office Business Management Upgrade Server Office 365 Microsoft Office Windows Internet of Things Facebook Remote Monitoring Data Recovery Miscellaneous WiFi Artificial Intelligence Network Gmail Big Data Encryption Spam Productivity Bandwidth Firewall Password Robot Apps Save Money Phishing Paperless Office Hosted Solution Recovery Employer-Employee Relationship Document Management Risk Management Cybersecurity Apple Avoiding Downtime Word Unified Threat Management Managed IT Services Hacker Customer Service Mobile Device Management Tech Term How To Content Filtering Saving Money Government Remote Computing Money Infrastructure Work/Life Balance Customer Relationship Management Office Tips Passwords Chrome Tip of the week File Sharing Two-factor Authentication Settings Analytics Vendor Management Data Security Health The Internet of Things Computers IT Support Alert Hacking Mobile Computing Data storage Tech Support Computing IT Management Education Operating System Cybercrime Antivirus Compliance Virtual Reality Mobile Device VoIP Managed IT Presentation Business Growth Data loss SaaS BYOD Social BDR Website Applications Wi-Fi Outlook Windows 10 Telephone Systems Retail Vulnerability LiFi Twitter Politics Monitors Best Practice VPN Travel Lithium-ion battery Google Drive Business Owner Identity Theft Websites Automation Virtual Private Network Physical Security Augmented Reality Going Green Marketing Taxes Assessment Server Management Botnet IBM Running Cable Printing Samsung Licensing Competition Search Maintenance Bring Your Own Device Digital Payment Sports Storage Information Technology IT service Cortana Humor Virtualization Computer Care Administration Project Management Analyitcs Training IT solutions Safety Regulations Business Technology Tablet Wireless Technology Automobile Upgrades Wireless Budget Downtime End of Support Specifications Smart Technology communications Mouse YouTube HIPAA Patch Management Collaboration Unified Communications User Legal Scam Mobile Security Modem Managed IT Service Solid State Drive Mobile Data iPhone Hacks Geography Networking Hotspot How To Comparison VoIP streamlines Mirgation Heating/Cooling Cookies Break Fix Hard Disk Drive Current Events Laptop Cables Hard Drives Language G Suite Firefox Printer Processors Servers Black Friday Virtual Desktop business network infrastructure Migration Nanotechnology Dark Web Motion Sickness Supercomputer Halloween Google Docs Wires Refrigeration Techology Computing Infrastructure Access Control Cyber Monday Help Desk Writing data services Chatbots PowerPoint Fun IoT Mail Merge Data Warehousing Deep Learning Personal Information IT Budget Scary Stories Consumers Disaster Resistance Alerts IT Consultant Consultation SharePoint Statistics flu season Machine Learning Social Engineering User Error Identity Utility Computing Address Microsoft Excel Meetings Computer Repair Notifications Undo Proactive IT Cooperation Cleaning Downloads Bluetooth Fort Worth Relocation Software Tips eWaste IP Address Google Wallet Healthcare Redundancy Blockchain IT Sevices Webcam Corporate Profile Alt Codes Electronic Medical Records Crowdsourcing Dark Data IT Consulting Staff Quick Tips Multi-Factor Security flu shot Private Cloud Environment Mobile Office Drones Cost Management Permissions Point of Sale WannaCry Typing Buisness Data Breach Flexibility Time Management Google Calendar Fort Worth IT Error Cabling Troubleshooting Knowledge Management Fraud Cryptocurrency Technology Laws Operations Network Management Legislation Phone System DFW IT Service Social Networking Experience Enterprise Resource Planning Lenovo Net Neutrality Web Server VoIP Bitcoin Update Staffing Unified Threat Management Wearable Technology Touchscreen Shortcut Administrator Disaster 3D Printing Motherboard Mobile Superfish Internet Exlporer Cameras Digital Windows 8 Chromebook GPS Law Enforcement Google Maps Network Congestion Domains business communications systems Software as a Service Entrepreneur Distributed Denial of Service Uninterrupted Power Supply Unsupported Software 5G Router Vulnerabilities Application CCTV Spyware Emoji Tracking Gadget Users Display Public Speaking Internet Protocol IT Technicians Technology Tips

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...