The true cost of late payments
The impact that late payments have on food and beverage businesses, and how to get paid faster.
Before Ordermentum, it was clear that everyone in the hospo industry shared the same problem: the ordering and payment process between supplier and venue was in complete disarray.
That’s when Adam Theobald and Andrew Low decided to create a platform that used tech to streamline the supplier/venue relationship. Adam had co-founded Beat the Q (now Hey You), and Andrew was growing speciality coffee brand Hey You at the time. With their combined X years of experience in hospo, they understood the pain points of both venues and suppliers - and that’s how Ordermentum was born.
Today, we’re a growing team of hospo experts and hospo lovers, all looking to constantly improve the platform, bring your business new features - and we’re having a great time doing it.
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Why it’s so important to get paid on time
And it's not just lack of cashflow
The flow-on effects of late payments
And why it can be catastrophic for your business
The best way to fix late payments
So you can get paid on time and keep growing!
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Costing your business ...And hurting the bottom line
Every business has customers that pay past the due date on the invoice. Some only a few days, but some 30, 60 or 90 days late.
When your invoices aren't paid on time, it's not just the lack of cashflow that's costing your business. There are many more flow on effects that when added up together can be an astronomical strain on your business. In this guide, we show you all of the costs and impacts late payments are having on your business, and simple things you can do to get your invoices paid on time.
Fill out the form above and solve the late payments problem today.