(707) 268-8850    Get SUPPORT

Network Management Services Blog

Network Management Services has been serving the Eureka area since 1995, providing IT Support including technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

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 Network Management 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 (707) 268-8850 for more information.

 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Wednesday, 21 February 2018
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Tip of the Week Security Cloud Technology Network Security Best Practices Business Computing Managed IT Services Privacy Hackers Backup VoIP Google Malware IT Support Data Backup Mobile Devices Outsourced IT Email Microsoft Software Business Continuity Hosted Solutions Innovation Business Saving Money Small Business Efficiency Communications Data Recovery Cloud Computing Hardware Disaster Recovery Cybercrime How To Server Cybersecurity Alert Android BDR Smartphones Ransomware Data Avoiding Downtime Internet Mobility Communication Windows Managed IT Services IT Services Managed IT Two-factor Authentication Computers Internet of Things Chrome Social Engineering User Tips Social Media Flexibility Passwords Data Security Artificial Intelligence Collaboration Compliance Private Cloud Law Enforcement Vulnerability Firewall Remote Monitoring Save Money Spam Mobile Device Management Operating System Telephone Systems Proactive IT Business Intelligence Money Business Management Smartphone Windows 10 Gadgets Budget Browser BYOD Phishing Upgrade Data Breach IT Plan Virtualization Credit Cards Windows 10 Word Bandwidth Unsupported Software Solid State Drive Wi-Fi Network Value Computer Spam Blocking Hacking Holiday Business Owner Managed Service Provider Physical Security Data Protection Government Redundancy Document Management Google Drive Quick Tips Office 365 Workers Data storage Public Cloud Office Tips Content Filtering Productivity App Data Storage Bring Your Own Device Information Technology CES Router Work/Life Balance OneNote IT Management Employer-Employee Relationship Miscellaneous Identity Theft Computer Care HaaS Files Theft Settings Tools Trending Scam Internet Exlporer Blockchain Reputation webinar Regulations Samsung Downtime Google Apps Customer Lifestyle End of Support Fraud Conferencing Servers Root Cause Analysis Infrastructure Botnet Human Resources Mobile Computing Networking Software Tips Cortana Internet exploMicrosoft VPN Amazon Wireless Technology IT Support Flash Meetings Password Manager IBM Windows 10s Travel Staff Hacker Marketing Supercomputer Advertising Microsoft Office Amazon Web Services SaaS Data loss Legal Hosted Solution Colocation Business Mangement Comparison HBO Recovery Facebook Risk Management Online Shopping Website Sync Save Time Training Screen Mirroring Computing Infrastructure Gmail Software as a Service Specifications Current Events Outlook Apple Evernote Telephony Audit Cast Mobile Device Hard Drives Recycling Update Millennials Knowledge Frequently Asked Questions Monitor Hybrid Cloud HIPAA iPhone Wireless Charging Emails Skype Charger Computer Fan History eWaste Workforce Network Congestion Excel Black Market Electronic Medical Records Password Fiber-Optic Start Menu FENG Criminal Google Docs Safety Office Telecommuting Apps IT Consultant Tip of the week Data Management Keyboard Productivity Automation Cables The Internet of Things Mobile Unified Threat Management Voice over Internet Protocol Data Warehousing Emergency Hiring/Firing User Error Relocation Remote Work Leadership Windows Server 2008 Health Unified Communications Big Data Netflix Professional Services Multi-Factor Security Patch Management Content Management Humor Windows 7 CrashOverride Music Audiobook Wireless Virtual Reality Bluetooth Wearable Technology Search Workplace Tips Transportation Entertainment Presentation Worker Commute USB Instant Messaging Benefits 5G Worker Loyalty Troubleshooting How to Smart Technology Rootkit Customer Relationship Management Digital Signature IP Address Best Practice Customer Service Mobile Office Shadow IT Two Factor Authentication Politics Domains Vendor Management Assessment Administration Public Speaking Television Books WiFi Lithium-ion battery PDF Automobile Augmented Reality Webinar Public Computer Video Games Tech Support Battery Techology IT solutions Remote Computing Competition Education Employer Employee Relationship Experience Fun Cleaning Users Scalability Applications Computer Accessories Content

Sign up for our Newsletter!

  • Company Name *
  • First Name *
  • Last Name *