billzy® in laymen’s terms

You feel you have your head around the concept of billzy®, but want it further broken down in laymen’s terms. We got you!

Peter, who owns a labour hire company, has been using billzy® for three months, and describes how he’d explain billzy® to the proverbial ‘person at the party’.

“How I would explain it basically would be like this: billzy® pay me 80% of the value of the invoice up until when it’s paid, and I pay them a fee for doing that. That way I don’t have to worry about the money being there the day that our new expenses come in, and waiting to see when clients are going to pay. It’s there when I need it.”

While fees are a necessary part of implementing any service which makes life easier, Peter is philosophical about how much business peace of mind the use of the billzy® service offers him.

“Okay sure… fees can always be cheaper. The fee is something that does come straight off the bottom line of your company’s profit. So, it’s just the cost of doing business to keep the cash flowing.” As a cost of business, fees are typically deductible too (Note – always check with your accountant to confirm your individual situation).

Cash flow which truly flows is the holy grail of any business. And it’s how billzy® will be measured by companies who sign up to the platform, and we at billzy® know this. It’s what drives us also.

Cash flow which truly flows is the holy grail of any business. And it’s how billzy® will be measured by companies who sign up to the platform, and we at billzy® know this. It’s what drives us also.

No Comments

Post A Comment