If paying your vendors is consuming a lot of your business time and you want to resolve this problem, then this article will help you.
Are you forgetting to make vendor payments and losing physical bills causing issues in your daily business functions? Are you tired of missed and delayed vendor payments due to manual payment process? We understand such daily business struggles completely and will help you to solve them too!
Delayed vendor payments cause problems like:
- A lack of trust between you and your vendor relationship.
- Vendors hesitating to supply you business items.
- With the lack of items to sell, customers move to other available sellers and your business starts going to losses.
How can you solve late payment problems?
Proactively solve payment issues and pay all your vendors on time through a single click and in a much faster way. Yes, It is possible using a facility called Bulk Payouts.
Bulk Payouts: solution to delayed and missed vendor payments
Using Bulk Payouts, you can pay as many vendors you want in one go. The process involves mainly three steps:
- Prepare a list of vendor accounts and amount to be paid in an excel sheet.
- Fill-up the sheet carefully entering correct values for each vendor.
- Once done, Bulk Payouts will allow you to pay them all using the bank account of your choice.
Eventually, all businesses including yours will aim to expand and grow. This will increase the number of vendors you will deal with. If at present you are carrying out the vendor payment process in a manual way using physical bills, it will start creating problems in the future. MyBusiness app solves issues of delayed and missed payments completely. It offers bulk payouts along with other useful billing services that make small businesses’ day-to-day payments easy. Discover MyBusiness App today!