8 Steps to Get a Client Pay Invoices Faster

A solid client relationship is built on mutual trust and good faith. It may go through a change due to unexpected circumstances, including late payments. In the end, it’s your business, and you need money to run it. When you are offering services, a client must oblige to pay on time. 

Maintaining a healthy relationship with clients is one way to getting paid faster. But how far does it work? Well, it depends on your rapport and how badly you need the money. Remember, payment delays can affect your commercial credit report in India.

If you’re juggling payment issues in business, let us help you learn some tricks that can help your client pay invoices faster.

Build a solid rapport with clients

As mentioned earlier, maintaining good relations with clients can help you get the payment faster. When you focus on establishing a rapport with your client, you win in most cases. Why? There’s harmony between both parties, and they acknowledge each other’s efforts. 

We understand that credit is often the first choice for clients. However, you must use business credit management services to get an advantage. It helps you safeguard your business against fraud. 

Send invoices on time

You should know that late payments get reflected in your commercial credit information report. So, make sure to do the right thing when it concerns business payment. You can send your invoices on time. When you do so, you can expect payments sooner than expected.

Use your official email for this purpose and make sure you send invoices to the right person. Sending invoices to a CEO will have a lesser effect than sending them to an accountant. 

Include payment terms in the contract

While having a solid rapport with a client is fine, you should document everything. Include payment terms while creating the contract. It can help you handle any payment dispute well. The idea is to get your money safely into your bank account. 

Accept digital payments

If you’re among those business owners who rely on bank transfers, you must pick the pace. It’s 2021, and there’re digital payment options available. Be flexible in accepting digital payments. If you want to build an impactful business credit report in India, paying on time and receiving payments on time matter a lot. 

Make courtesy calls

We know it’s an old method and ineffective sometimes. However, if you share a great rapport with your clients, they would listen to your request and expedite the payment process. Use your soft skills to get the work done.

Pay a visit

Again, it’s a common way to chase a client for payments. But it’s an effective one. Why? An in-person meeting can solve a lot on the table than a virtual meet-up. It has got an old-world charm to it. When you meet in person, you tend to discuss things in detail. You have got time by your side. 

Stop work until you receive payment

It may sound harsh, but you should know where to draw the line. If a client troubles you with payment issues, stop delivering work to that client for a period. Let the client realize the importance of paying dues on time the hard way. 

Offer flexible payment schedule

If you think your client’s reasons are genuine for delaying payments, you should offer liberty to that client to an extent. Offer lenient payment terms. This way, you can continue working with the client without suffering any loss. You will receive regular payments.