An economic crisis is characterised by a fall in economic activity due to a decline in spending, consumption and investment across the economy. In current times, we have witnessed consumers tightening their belts in order to see their way out of this crisis but, with this, we have also seen
In times like these, cash is king. The coronavirus pandemic has taken the world by surprise and the main priority of many businesses, large corporations and SMEs alike, has shifted to cash flow optimisation and survival. According to the World Bank, Malaysia’s economy is likely to contract by 3.1 percent
Covid-19 has sent the world into a panic. This is particularly true for businesses, with companies of all sizes being sent into survival mode. If cash flow wasn’t the priority before, it certainly is now. A survey conducted by SME Malaysia found that only 33% of Malaysian businesses had just
It probably does not come as a surprise that late payments are not just a problem for SMEs and large corporates in Malaysia, but also for businesses of all shapes and sizes across the globe. Dealing with late payments has become part and parcel in running a business. Reports suggest
For some, setting up your payment system can be as easy as popping a checkout button on your site and calling it a day. For smart business owners, however, taking full control of the entire payment process is definitely the way to go to not only ensure that they provide
Your customers are busy people. If your business involves recurring payments, you’re probably familiar with this scenario: An interested prospect responds to your advertisement or gets in touch with your company. From there on, the drill is pretty much the usual – contact them through the phone, follow up further
You want to start using Direct Debit as your primary payment option for your customers due to the benefits that it brings to your business. From automation and flexibility, to low costs and low failure rates, maximising your company’s Direct Debit uptake is key to realising its full impact. So,
Have you ever had to chase customers for late payment? You’re not alone – the average bad debt per company in Malaysia stands at a staggering RM52,100 per annum, whilst it takes an average of 94.1 days for businesses to get paid. Late payments clearly put a significant amount of
An economic crisis is characterised by a fall in economic activity due to a decline in spending, consumption and investment across the economy. In current
In times like these, cash is king. The coronavirus pandemic has taken the world by surprise and the main priority of many businesses, large corporations
Covid-19 has sent the world into a panic. This is particularly true for businesses, with companies of all sizes being sent into survival mode. If
It probably does not come as a surprise that late payments are not just a problem for SMEs and large corporates in Malaysia, but also
For some, setting up your payment system can be as easy as popping a checkout button on your site and calling it a day. For
Your customers are busy people. If your business involves recurring payments, you’re probably familiar with this scenario: An interested prospect responds to your advertisement or
You want to start using Direct Debit as your primary payment option for your customers due to the benefits that it brings to your business.
Have you ever had to chase customers for late payment? You’re not alone – the average bad debt per company in Malaysia stands at a
