How long should it take a customer to pay an invoice?

Customers being slow to pay? You are not alone! This report breaks down the average time for customers to pay invoices. Getting paid quickly is crucial for maintaining a healthy cash flow because it ensures a steady inflow of funds to cover immediate expenses and obligations. Timely payments enable businesses to meet their financial obligations, such as paying suppliers, employees, and other operating expenses, while also having the necessary capital for growth, investment, and unforeseen emergencies.

Time To Get Paid

All data provided and analysed anonymously. Accuracy was increased by filtering anomalies and using data from a wide-cross section of companies. Prices are in GBP and then converted into the equivalent currency.

Slow to pay?

Try adopting these strategies.

  1. Create clear invoices with all necessary details.
  2. Regularly follow up on outstanding payments.
  3. Offer incentives for early payment.
  4. Provide convenient payment options, especially online credit card payments.
  5. Communicate credit terms and policies clearly.
  6. Build strong customer relationships.

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To speed up payments, prioritize customer convenience by offering seamless online card payment options. By allowing customers to view invoices online and make payments effortlessly through their phones or desktops with just a few clicks, you can significantly streamline the payment process and ensure faster transactions.

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How to improve payments, sales, invoicing & cashflow

Send invoices with one click, get paid in seconds

Enjoy seamless invoicing with our platform. Customers can easily request to book from a quote and digitally sign the terms and conditions. Creating and sending invoices is a breeze, taking just seconds. We also offer a streamlined process for long-term hires.

Choose the payment method that works best for your business - card, cash, cheque, or bank transfer. Our system automatically generates and sends receipts, reserves inventory, updates your calendar, and more. Simplify your accounting by integrating with your existing accounting system.

No more worries about late payments. Our system keeps track of overdue invoices and can even send friendly payment reminders to customers via email.

Increasing brand value

Enhancing your brand's value and standing out from competitors can be achieved through various means, such as an impressive website, professional communication, and showcasing previous work.

However, one particularly effective method to elevate your brand is through your quotes. In today's digital age, customers demand more than the traditional black and white PDFs.

Customers expect modern, visually appealing quotes that streamline their purchasing experience.

With Marquee Tech, we offer tailored quote designs that align with your brand identity.

Moreover, our interactive features enable clients to view images, select add-on items, access brochures, digitally sign terms and conditions, and make online payments, providing a seamless buying journey.

Revenue & profit reports

The automated revenue and profit reports will help you identify the types and sizes of events that are most profitable. With this data, you can quickly filter through the low-value enquiries and focus your efforts on the profitable leads.

Increase the value of every booking

Drive revenue growth whilst maintaining a positive (non-salesy) customer experience with Marquee Tech's up-selling features. The up-selling tool subtly encourages customers to add-on extra items to their quotes.

This increases the revenue and profitability on every job and helps provides personal service by including extras that could be perfect for your customer's event.

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