Small Business Late Payment Show

PaySimple The ate Payment We V Small Businesses Show Late Payments of Small Businesses can create problems for 49% Small Business Experience Cash Flow Late Payments Every Month OVERDUE 41% the Biggest Pain Point of Small Businesses consider Late Payments to be PAYMENT LATE when it comes to Collecting Payments 71% of Businesses Use Email to Follow-up on Late Payments in person 10% email phone text 9% 71% other 3% 63% mail 33% 1111 1111 1 in 5 Businesses Offer Early Payment Incentives the Proactive Approach 1 in 5 Businesses Charge Late Payment Penalties APPLAUSE APPLAUSE © PaySimple 2012 www.paysimple.com SOURCE: October 2011 PaySimple Small Business Survey