Fergus has added new features to help reduce late payment issues and improve cash flow for tradespeople.
Late payment is a scourge of the construction industry and can be detrimental to a trade business’s ability to function properly. Recognising the need to help speed up payment, Fergus, the job management software for trade businesses, has added ‘Fergus Pay’ and ‘Scan to Pay’ features to its software, which has been designed to simplify financial transactions and minimise delays in payments, ensuring a steady cash flow which is essential for business growth and sustainability.
“There are a hundred and one reasons why some customers don’t pay their bills and invoices on time, but most fall into three categories. The first type of late-paying customer is simply forgetful. The second type finds the whole bank transfer thing a hassle, which causes them to delay. The third type simply cannot or would rather not fork out the lump sum in one go,” explained James Chillman, UK Country Manager for Fergus
“Luckily, there is one easy fix for all three. With Fergus Pay, our smart credit card payment solution, every one of your customers can send quick and fuss-free payments to you. You can even collect it from them on-site using the Fergus Mobile App. The more straightforward it is for them to do so, the sooner you’ll be able to pocket your hard-earned cash.”
Issue invoices
Fergus Pay provides a way for tradespeople to issue invoices and receive payments swiftly. Installers can send digital invoices instantly, and customers can pay promptly using their credit cards. Enhancing the functionality of Fergus Pay, the Scan to Pay feature utilises QR code technology to facilitate payments on the job site. Customers can scan a QR code with their smartphone and complete the payment using their card.
This feature is included at no additional cost with Fergus Pay and the company says it eradicates the need for sending follow-up invoices and chasing late payments.
Faster payment
“Fergus users report getting paid up to twice as fast compared to traditional payment methods. This swift payment processing translates to better cash flow management and less financial stress. It’s also more convenient for your customers too,” explained James.
“Integrating payment processing with your job management streamlines the entire workflow from job scheduling to final billing, saving you time, reducing your administrative hassles and leaving more time for you to do the things you enjoy.”
Main Image: Abobestock/nattakorn
