Across industry, whether drainage, facilities management or construction, cash flow is the lifeblood that keeps businesses operational. However, late payments can be a significant hurdle, affecting not just liquidity but also the ability to take on new projects and grow.

In this post, we’ll discuss the challenges of cash flow and late payments and how Okappy’s payment features can be a game-changer for your business.

Cash flow is a critical aspect of any business, but it’s particularly vital in sectors like drainage, facilities management, and construction where large upfront costs are often required. A delay in payments can lead to a ripple effect, affecting your ability to pay subcontractors, purchase materials, and even meet operational costs.

Late payments are not just an inconvenience; they can cripple a business. According to various reports, a significant percentage of small businesses face cash flow problems due to late payments with late payments hitting a 2 year high. This issue is exacerbated in industries that rely heavily on project-based work, where payment is often received long after the services have been rendered.

Okappy offers a robust Field Service Management System that makes managing payments as easy as managing your jobs.

With Okappy, you can take secure payments via the mobile app and generate an invoice automatically. Your customers can also pay your invoices at the touch of a button, and the funds are securely credited to your account.

Payments between Okappy customers are even quicker and cheaper and you have full control over the invoice payment button which can be set to show for specific customers or for all customers.

Learn more about Okappy’s payment features.

One of the standout features is the ability to customise payment settings for each customer. You can choose to show or hide the ‘Pay now’ button on your invoices. When a customer clicks this button, they are taken to Okappy’s secure payment gateway, and once the payment is made, your invoice is automatically updated as paid.

Find out how to set up payment settings.

Okappy charges a nominal 5% of the invoice value to cover payment processing fees and administration. This charge can be split between you and your customer, offering flexibility in how the costs are managed.

Electronic payments through Okappy are quick and effortless, ensuring that you get paid promptly.

The automatic update of paid invoices reduces the administrative work involved in tracking payments.

Quick payments mean improved cash flow, enabling you to take on more projects and grow your business.

The ease of making payments enhances the customer experience, increasing the likelihood of repeat business.

In industries like drainage, facilities management, and construction, where cash flow is crucial, Okappy’s payment features offer a lifeline. By streamlining the payment process, Okappy not only helps you get paid faster but also improves your cash flow, enabling you to focus on what you do best—running your business.

So, if you’re tired of chasing late payments and want a solution that offers both convenience and control, it’s time to consider Okappy. Schedule a demo today and take the first step towards solving your cash flow challenges.