The modern guide to getting paid

How to tackle low payment rates and improve your cash flow

If you’re sending out hundreds or thousands of invoices each month, getting paid shouldn’t be a waiting game. Yet many companies struggle with outdated billing systems, one-size-fits-all payment options, and a lack of transparency. The result? Slower payments and frustrated customers.

On this page, you’ll find out how to prevent these issues through interactive billing, flexible payment options, and data-driven optimization. Keep reading to learn how your company can turn payments into a strength, not a stress factor.

Why your payment experience matters

  • Revenue depends on it. Payment friction leads to delayed cash flow and rising receivables. A smoother payment journey gets you paid faster, without chasing.

  • Customers expect convenience. In today's digital economy, offering outdated payment methods (or rigid processes) can push customers away.

  • It drives efficiency. Automated bill runs and streamlined workflows reduce errors, reminders, and time spent on manual follow-up.

Payment performance – key metrics to track

Days Sales Outstanding (DSO)

DSO = (Accounts Receivable ÷ Total Credit Sales) × Number of Days
→ Lower DSO means you’re collecting payments faster.

Payment Completion Rate

% of invoices paid in full and on time.
→ A leading indicator of invoice clarity, payment options, and customer experience.

Reminder/Collections Ratio

% of invoices requiring reminders or debt collection follow-up.
→ A high ratio signals friction in your billing process.

Common causes of payment delays

  • Confusing or incorrect invoices

  • Rigid or inconvenient payment methods

  • Lack of reminders or follow-up

  • Disconnected billing support

  • Poor timing or batch delays in bill runs

A selection of our clients

  • Logo Kry
  • Hallon logo
  • Ownit logo
  • Logo Sappa
  • Logo Vimla
  • Logo Versego
  • Logo of the energy company Fyrfasen in with black font
  • Logo 7h Kraft
  • Logo Trollfjord
  • Logo Upplands Energi
  • Logo Kry
  • Hallon logo
  • Ownit logo
  • Logo Sappa
  • Logo Vimla
  • Logo Versego
  • Logo of the energy company Fyrfasen in with black font
  • Logo 7h Kraft
  • Logo Trollfjord
  • Logo Upplands Energi

6 ways to improve payment rates with smarter billing

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1. Provide the payment methods your customers prefer

Mobile app payment, e-invoices, card, direct debit, bank transfer – by offering a wide range of options, each customer can pay with their method of choice. This will improve customer satisfaction, while increasing your chances of getting paid on time.

  • 70% of end-customers prefer digital invoicing over paper. Among those under 35, the figure is 79%.

  • 32% want self-service access to manage and pay their invoices.

2

2. Implement digital and dynamic invoice distribution

Missed invoices = missed payments. By implementing modern solutions for digital and dynamic invoice distribution, you’re able to monitor in real-time whether a payment request has been successfully opened by your customer. And if one distribution channel fails (for example due to an invalid email address), a new attempt is automatically triggered through a different path (perhaps via text message).

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3. Offer interactive invoice formats

Unclear invoices cause confusion, which in turn can lead to delays. By providing clear, interactive formats, you’ll help your customers understand the charge, take actions, find answers, and even chat with your support team – directly within the invoice interface. And with real time synchronization and updates, everyone’s on the same page, instantly.

Get inspired by Rebel – a challenger in the energy sector whose payment rate is consistently above 99.9% thanks to their smooth payment experience and clear communication.

4

4. Prevent late payments through customized invoice and reminder flows

Well-timed, friendly reminders can significantly reduce missed payments, without negatively impacting the customer experience. A modern billing platform lets you automate and customize these touchpoints to support a smoother payment journey and improved cash flow. 

Discover how Swedish mobile operator Hallon managed to reduce their debt collection cases by 80% through optimized and personalized invoice flows.

5

5. Automate your bill runs to avoid batch delays

Leverage tools for financial automation to replace error-prone and inefficient manual processes with streamlined operations, allowing you to schedule and distribute invoices automatically – without batch delays.

6

6. Track your payment data for continuous optimization

To improve payment rates and cash flow over time, you need to be able to track key metrics across platforms. With well-integrated SaaS solutions, you can monitor payment data from different sources and continuously optimize your billing and communication flows based on what works. Learn more in our article 4 ways of using a data-driven approach to optimize your payment flows.

Your guide to increased efficiency – and customer satisfaction

Find out how to eliminate hidden inefficiencies in your company’s billing processes to reduce costs, while offering customers a more seamless payment experience.

Read the report

How Billogram can help your business

A wide range of companies with recurring revenue use our SaaS platform for Invoice-to-Cash management to streamline every step of their invoicing and payment processes in order to save time, improve cash flow, and strengthen customer loyalty. 

Tangible results on costs, payment rates, and customer experience

Discover how Sector Alarm, a major European provider of security solutions, have improved important KPIs such as digital distribution, cost per invoice, and on-time payments after implementing Billogram’s platform in several markets. As their CFO puts it:

“It’s become easier for our customers to receive, understand, and pay their invoices. The fact that more people are paying on time has improved our cash flow. We’ve also more than halved the number of reminders we send in these markets, which means lower costs for us and a better experience for our customers.”

Read the full interview

Navigating uncertainty & scaling with seamless payments

In our on-demand webinar, The Future of Payments, you will gain three unique perspectives on how businesses can act now to create an edge in tomorrow’s payments landscape. We explore how the convergence of payment rails, the integration of invoice-to-cash processes, and a responsible, test-and-learn approach to AI and automation are redefining what payments can do for both businesses and their customers.

Watch the webinar

What does a great payment experience look like?

While most invoices and payment notifications have looked the same for over a century, there are exceptions.

Ready to make your payments pay back?

Let’s talk possibilities

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