Do you like your customers to pay their invoices in full and on time? Of course you do, every business does.
Our passion here at Bright Horizon is to help entrepreneurs start and grow financially healthy businesses. With cash flow problems a leading cause of financial struggle and failure for start-ups and small businesses, effective credit control is key.
As a business using Xero, one way you can achieve this is using a Xero add-on. We at Bright Horizon are fond of Satago, which helps to ensure you get paid on time and have cash to grow your business while reducing your admin work.
Satago achieves this through its three key features:
Knowing your customers is important for effective credit control. By providing a customer’s credit score, when they pay suppliers, and a recommended credit limit, Satago’s platform can then help you monitor the risk of your outstanding invoices, customers credit limits and also compare when they pay you and other suppliers.
Being able to free up the cash tied up in unpaid invoices is a great benefit to your cash flow. It can help you manage your outgoings in a more efficient and flexible way. When Satago is integrated with Xero, applying for invoice finance couldn’t be easier. With no form filling, you simply add invoices to a shopping cart. With low fees and advances of up to 85%, your cash flow could become the most desirable it’s ever been.
Late payments from customers can become a big problem, but this could become a thing of the past by using Satago’s invoice reminder CRM. Email reminders, monthly statements and thank you emails can be customised and automated from within Satago. With the addition of aged debtor reporting and diary notifications, you could transform the relationship you have with your customers.
Satago is so easy to set up and use you will see instant benefits for your business and your cash flow from day one. Satago is also free to use – so with no charge for using the software you really have no excuse not to implement this.
If you want to find more out about Satago you can do so here, alternatively give us a ring and we can talk you through how to get this setup and linked in with Xero.