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Small businesses owed thousands from unpaid invoices

SME Lending Announcement To Boost Small Business Funding

On average, small business owners spend two weeks a year chasing unpaid invoices, according to independent payment service provider, Sage Pay.

The research showed that paper invoicing is the cause of delayed payments, and that the average small business is owed 11,000, with one in five of participants 30,000 out of pocket.

Simon Black, CEO of Sage Pay, said: "Businesses of all size need to look at a more seamless, automated invoicing process so they can focus on running and growing their business, rather than chasing money owed or spending their time on bookkeeping and administration."

For more information visit: http://ow.ly/tAyko

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