This guest post was written by Ben Murphy, Sales and Partnerships Manager at Spotcap NZ. Cash Flow is the lifeblood of any Business and the most important metric that fuels growth. Cash flow management isn’t as mysterious as it sounds; it’s simply the act of balancing business income against business expenses. But, as Kiwi Business Owners know all too well, managing cash flow is never this simple. Xero’s Small Business Insights showed that in 2017, payments to Kiwi business owners averaged four days late on 30 day invoices. Late payments can be so disruptive to cash flow levels they can push a profitable business into insolvency. So how do we get people to pay up? There’s an old saying that the squeaky wheel gets the grease, meaning the loudest problems are the most likely to get attention. The saying rings true with debt collection. Often, the more persistent you are, the more likely you will be to receive the cash. But, this can be an uncomfortable and time-consuming process, often putting a strain on the relationship you have with your clients. How do we get around this issue? There’s an app for that! In the past decade, we’ve all witnessed the influence of tech companies on our traditional business processes. Technology companies are making once complex processes easier, faster and cheaper with the design of smarter software. Just take the example of Xero on traditional bookkeeping processes. Now there are apps for online invoicing that streamline the process of collecting debt, saving you your two most valuable assets – time and money. Here are the three best online invoicing programs available to Kiwi businesses. Chaser Chaser is a ‘do it yourself’ product. It provides an advanced platform where you can build templates for your invoices and emails, and design send schedules. Chaser’s competitive edge is the valuable insight it provides from the data collected about your customers. Within the platform, you can view a comprehensive report of your customers and their payment histories. With this information, you can view which customers are repeat offenders and consider tightening their credit terms.…