Make your invoices easier to pay
A late payment often starts with a preventable snag: a missing purchase order, the wrong legal entity, an unclear billing contact or weak evidence that the work was accepted.
Wonderful's latest guide gives you a pre-send checklist, a chasing timetable and the records needed to match each payment to the right invoice.
Take ten overdue invoices and find the repeated failure. Fix that step before the next batch goes out.
The first barcode scan bought chewing gum
On 26 June 1974, a ten-pack of Wrigley's chewing gum became the first supermarket purchase scanned with a Universal Product Code. Fifty years later, GS1 US said barcodes identified more than one billion products and were scanned more than ten billion times a day. The first beep was chewing gum.
Write one bank-detail change rule
Tell everyone who can set up or pay a supplier that any bank-detail change pauses the payment.
The checker must call a known supplier contact using a number already held by the business. Record the name, number, date and confirmed details. Require a second approver above a limit you choose.
Share the rule with suppliers too. If a payment has already gone to suspicious details, contact your bank and whoever handles your email security immediately.