Payment reminders are communications sent to customers to remind them about outstanding invoices. This effective practice helps reduce delinquency by ensuring that payments are made on time. Learn how to implement reminders strategically and improve the financial health of your business.
According to research carried out by SPC Brasil, around 45% of Brazilians still do not know how to control their financial expenses.
To overcome this problem and keep your accounts up to date, your luxembourg mobile database needs to use resources such as payment reminders . Learn more about this below!
What are payment reminders?
man with question markPayment reminders are notifications or communications sent to customers to remind them that a bill or invoice is outstanding and needs to be paid.
These messages are usually sent when payment has not yet been made, even after the bill is due.
How important are reminders for cash flow?
By sending payment reminders, your business is more likely to receive timely payments from your customers. This reduces the likelihood of late payments and ensures a predictable input into your cash flow.
By automating these messages, e-commerces can save time and resources, ensuring greater financial efficiency .
What is the best channel to send payment reminders?
There are different methods that can be used to send a recurring invoice and each one has its own advantages. Below are some examples of these channels.
Email marketing
One of the most common methods used to send payment reminders is email marketing. After all, email is a very accessible channel and can even send messages automatically.
In other words, you can send mass payment notifications and even personalized emails for each type of customer and for each situation.
SMS
Text messages via SMS are another very interesting option, as they have high opening rates and are read quickly by recipients, which speeds up payments.