094 90 48200    Get SUPPORT

Aniar IT Services Blog

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 Aniar IT Services, 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 094 90 48200 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, May 07 2021

Captcha Image

By accepting you will be accessing a service provided by a third-party external to https://www.aniar.ie/

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Tip of the Week Security Technology Best Practices Productivity Business Computing Google Email Privacy Cloud Efficiency Network Security User Tips Internet Workplace Tips IT Support Data Hackers Mobile Device Innovation Hosted Solutions Communication Software Hardware Microsoft Android Small Business Business Collaboration VoIP Users Data Recovery Smartphone Data Backup Smartphones IT Services Managed IT Services Phishing Computer Windows 10 Cybersecurity Cloud Computing Mobile Devices Tech Term Communications Malware Backup Network Gadgets Quick Tips Miscellaneous Managed Service Windows Business Management Outsourced IT Business Continuity Disaster Recovery Browser Saving Money Covid-19 Passwords Artificial Intelligence Internet of Things Upgrade Facebook BDR Information Spam Holiday Microsoft Office Chrome Server Office 365 Save Money Social Media Operating System Blockchain Router BYOD Wi-Fi Automation How To Paperless Office Cybercrime Ransomware Apps Computers Data Security Networking Windows 7 Government Data Storage Applications Encryption Patch Management Human Resources Mobile Office Infrastructure Health Word Staff Mobile Device Management Bandwidth Information Technology Telephone System Vendor Two-factor Authentication History Data Protection Remote Money HIPAA Machine Learning Display Managed IT Data Breach Software as a Service Remote Monitoring Settings Virtualization Connectivity Big Data Remote Work Managed Services Vulnerability Comparison Net Neutrality IT Management Password Servers App Meetings Google Docs Law Enforcement Google Drive Help Desk Compliance Processor Digital Signage Remote Workers Telephony Augmented Reality Cryptocurrency Printing Audit Scam Physical Security Business Intelligence Identity Theft Training Vendor Management Private Cloud Update IT Plan Hard Drive OneNote Botnet Remote Worker Office Unsupported Software Sports Access Control Education Managed Services Provider Managed IT services CES Virtual Assistant Redundancy Website Voice over Internet Protocol Fraud Procurement Business Technology Telephone Systems Conferencing Spam Blocking Social Engineering Content Management Avoiding Downtime Keyboard VPN Employee/Employer Relationship WiFi Bring Your Own Device Wireless RMM MSP Virtual Machine AI Excel Biometric Security Bing Wireless Internet Windows Server 2008 R2 Employee OneDrive Charger Hosted Computing Entertainment Warranty Virtual Private Network Policy NIST IT Infrastructure Social Network Value Workforce Virtual Desktop Amazon Web Services Accountants Unified Threat Management Flash Solid State Drive Legal Downtime Specifications Employees File Sharing Hypervisor ISP Tip of the week Windows 10s Password Manager Nanotechnology HVAC Manufacturing Computing USB Copiers Screen Mirroring Wireless Charging Inventory Printer Trending Procedure Investment Employer-Employee Relationship Mobile Mobile Computing Peripheral HaaS 5G Criminal Twitter Virtual Reality Professional Services Root Cause Analysis Sales Digital Signature Cryptomining Going Green Windows Server 2008 Business Mangement Smart Tech Electronic Medical Records Wire Google Search Development HBO Cast Hacker Google Apps YouTube Mouse Managed IT Service The Internet of Things FinTech Safe Mode ROI Security Cameras Personal Telecommuting Computer Tips Online Shopping Smart Office Project Management Quick Tip Addiction Cabling Shortcuts Fiber Optics SharePoint Credit Cards PDF Saving Time Database Public Cloud Computer Care Gmail Apple Data Management Save Time Messaging Outlook Workers Microchip Skype GDPR Smartwatch Digitize Travel Data loss Digital Security Cameras Evernote Cleaning Document Management Camera Bitcoin Regulations Computer Fan Enterprise Content Management Cables Mobility Trend Micro Tools Customer Service Work/Life Balance End of Support Wiring Supply Chain Management Software Tips Recycling Devices Proactive IT SMS Frequently Asked Questions Recovery Authentication OLED Search Engine Using Data Start Menu Cache Remote Computing IT Assessment Cortana Alert Ergonomics Practices Printers Batteries PCI DSS Sync FENG Multi-Factor Security Password Management Default App Social Shopping Millennials Customer relationships Amazon Firewall eWaste Thought Leadership Windows 10 Managed Service Provider Public Speaking Hiring/Firing Presentation Lithium-ion battery Fun Tech Support Wireless Technology IBM Safety Regulation Marketing Productivity Budget Hard Drives Emergency Customer Relationship Management Competition Personal Information IP Address Company Culture Search Financial Managing Stress CrashOverride Domains