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Prompt payment burden on small businesses

Charlie and Franks owner George Prodromou
Source: SBS

Prompt payment continues to be one of the biggest issues for small business, despite new technologies making it easier for invoices to be paid.


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By Hellen Jie

Source: SBS



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Prompt payment continues to be one of the biggest issues for small business, despite new technologies making it easier for invoices to be paid.


Many small and medium-size enterprises are still not updating their systems.

 

A CommBank survey reveals four out of five such businesses prefer to postpone adopting new technologies into their day-to-day operations as they deal with more immediate issues.

 


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