Have you ever experienced a debtor who ignores your emails, you can’t reach them over the phone, and despite your best efforts chasing them up, you simply haven’t been able to reach them?
Unfortunately, this situation is more common than you may think. 87% of businesses say they are typically paid late (Chaser), and 7.5% of all invoices issued end up being written off as bad debts (Sage) despite businesses’ efforts to get them paid. This slows down your ability to bring in revenue, and can seriously damage your cash flow.
But now, businesses have a tool that ensures their payment reminders are seen, increases the sense of urgency, and lets debtors know they mean business when it comes to getting paid.
Businesses can now send automated payment reminder letters to their debtors in the post, pre-scheduled with the exact messaging they choose, fully personalized, and containing their business’ own branding, logos, and payment information on the times and dates they choose.
Research shows that 90% of postal letters get opened, while emails achieve an average open rate of just 20% (Zipdo). So to ensure debtors see your payment reminders and reduce late payments, supplement your email chasing with postal letters.
Although extremely effective, Chaser understands that writing and posting letters is time-consuming. This is why you can now schedule automated, personalized payment reminder letters to your debtors on the times and dates that you choose in Chaser.
Increase the sense of urgency around payments with your debtors to ensure you’re paid on time and protect your revenue. Schedule automated reminder letters in the post today.
Ensure debtors see your payment reminder letters without spending any time writing or posting them. Pre-write your Letter templates in Chaser, schedule postal reminders relative to the invoice due date, and let Chaser handle the rest.
Maximize your chances of getting your payment reminders noticed, and receiving payments promptly by scheduling automated reminders across multiple channels. Schedule phone calls, SMS, email, and postal letter payment reminders in one comprehensive tool.
Customize your letters with automatic personalization fields (like business name, address, due date, invoice amount). Use fully editable letter templates that reflect your normal language and style of communication with customers, and use your branding and logo.
Link customers to their Payment portal to make instant payments within letters. Insert QR codes that link customers to their custom Payment portal where they can access multiple payment methods, view invoices, and download relevant documentation.
By supplementing your debtor chasing methods with posted letters, you can convey a sense of urgency and formality that ensures your debtors know you are serious about getting paid. Ensure your debtors take notice and pay you what you’re owed, by tying Letters in Chaser today.
See a full run-down of how letters in Chaser will help you add urgency and get paid sooner, in the letters feature fact sheet.
Start using Letters in Chaser in 3 simple steps
For full setup details, read the help centre article on Letters in Chaser, or book in to speak with an expert today.