"Failed payments are not just a minor inconvenience but a substantial revenue leak demanding attention. False declines result in over $400 billion in lost revenue. Despite efforts by companies to tackle underlying issues, the problem persists. I’ve witnessed businesses losing out on 10% to 20% of revenue for this one reason." - Vijay Menon, Butter Founder & CEO in Forbes Learn more about the silent impact of payment failures: https://hubs.li/Q02FQB8m0
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Did you know that almost 9 in every 10 businesses around the world are typically paid late? 💰🌎 In The 2022 late payments report, Chaser gathered insights from hundreds of businesses around the world on the severity of late payments and the best ways to reduce them 💡 Learn more about late payments in 2022 here 👉 https://hubs.li/Q02p4Vhs0 #latepayment #report #accountsreceivables
The 2022 late payments report
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🔍 Another Hint: This term often represents breaking down a large expense into smaller, bite-sized payments, making it easier to handle financially over the long haul. Close to cracking the code? Share your guess below! 💡 #MortgageMastery
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🔍 Another Hint: This term often represents breaking down a large expense into smaller, bite-sized payments, making it easier to handle financially over the long haul. Close to cracking the code? Share your guess below! 💡 #MortgageMastery
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🔍 Another Hint: This term often represents breaking down a large expense into smaller, bite-sized payments, making it easier to handle financially over the long haul. Close to cracking the code? Share your guess below! 💡 #MortgageMastery
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High-risk businesses can diversify their revenue streams. Let's discuss how payment solutions can help you achieve this. #Diversification #BusinessGrowth
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Late payments aren't just a hiccup; it’s a ripple effect. Businesses face cash flow hurdles, hindering growth and affecting relationships with suppliers and clients. FSB's research highlights the implications of delayed payments and how it disrupts business plans. ⬅️ Swipe left for a brief introduction to late payments and their impact on businesses. Explore the comprehensive report here: https://lnkd.in/eCuB7vFP #APS #Payments #Education #Innovation #Fintech #Finance
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Late payment can debilitate all businesses. Late payment can particularly affect businesses going for rapid scale-up and high growth who are too ‘immature’ to secure lines of #Credit yet are expanding commensurately towards their potential. I explore the issues of late payment having a number of connotations that go beyond the simple matter of cashflow in Northern Insight. See THE CONFLICTS OF CASH FLOW @ https://buff.ly/3Rv6vtv #CashFlow #LatePayment #Gedanken
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Financial institutions understand the importance of maintaining strong relationships with their business clients. Disruptions and inflexible payment processing requirements can jeopardize those relationships. It's essential to prioritize the needs of clients to ensure smooth operations. Read this great article from Jim Foster https://hubs.la/Q02cYGLl0 #financialservices #paymentsolutions #edenredpay
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Many business owners get blindsided by payment issues they didn't even know existed. They don’t think about payment processing until it blows up in their face. They see payment processing as just another item on the long list of business operations. “If it ain’t broke, don’t fix it,” right? But your payment systems is the heart of your financial transactions. You’re not running a business if you can’t take payments. And if you take it for granted, you’re gambling with the lifeblood of your company. In the 16 years I’ve been in the payment industry, I’ve seen businesses have their chargebacks spiral out of control. Some businesses walked right into completely avoidable compliance pitfalls. The worst cases were businesses blacklisted by banks, unable to process payments-- a death sentence in today’s business landscape. Why does this happen? It’s either the business owner lacks understanding of their payment processing systems Or they worked with a payment processor that didn’t prioritize transparency and communication. A good processor doesn't just handle your transactions. They’re your advisor, ensuring you're informed, compliant, and ahead of potential payment issues. So don't wait for a crisis to rethink your payment processing strategy. The stability and success of your business could depend on the actions you take today. #PaymentProcessing #PaymentSolutions
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Do you know the difference between a payment and a disbursement? Familiar with your disbursement options? Never fear, we just published a deep dive into all things disbursements (including FAQs!) with what you need to know to make the right decisions for your business. Trust us, by the end of this article you’ll be an expert. Read our latest article about the ins and outs of payment disbursements--link in comments. #payments #fintechinnovation #digitalpayments
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