How Can Technology Help in Managing Delayed Payments?
Technology offers several tools to help manage and mitigate delayed payments: - Invoicing Software: Automated invoicing software can help ensure timely and accurate billing. - Payment Gateways: Online payment gateways can facilitate quicker payments by offering multiple payment options. - Accounting Software: Integrated accounting software can track payments, send reminders, and generate reports on outstanding invoices. - Blockchain Technology: Blockchain can provide a transparent and immutable ledger for transactions, reducing the likelihood of disputes over payments.