Скачать или смотреть Should I Give Up, or Should I Just Keep Chasing Payments? (Adele Parody)

Parody of Adele’s “Chasing Pavements” denounces late invoice payment. http://chasingpayments.com

Britain’s 5.4 million small businesses have turned to pop star Adele to help improve their cashflow by releasing a parody song calling on late payers to settle unpaid invoices.

Chasing Payments, a small business take on Adele’s number one hit Chasing Pavements, has been recorded following new research that reveals that small business owners are spending 10 per cent of their working day chasing late invoices – an average of one and a half days per month.

Xero, the UK’s leading cloud accounting software, polled over 1,000 small business owners about the problems they face and found that late payments are the number one concern with 52 per cent saying they are constantly ‘worried’ about cashflow issues caused by unpaid invoices. Over a third (37 per cent) of small business owners said that late payments lead to a reduction in productivity.

In an effort to help small business owners deal with late payment issues, Xero has launched chasingpayments.com, a dedicated website of tools and advice. The site includes the Chasing Payments parody video, which stars a number of small business owners and has been designed for sending to late payers and shame them into paying, and a league table for good payers, which the company hopes will nudge businesses into keeping to their agreed payment terms.

London-based small businesses were revealed to spend the most time chasing payments averaging 11 hours per month. Welsh small businesses followed closely behind spending 9.4 hours chasing payments followed by Scottish small business owners who average 9.2 hours a month.

The industry sector wasting the most time chasing payments a month was revealed to be HR (21.1 hours), followed by IT & Telecoms (12.7 hours), Sales, Media and Marketing (10.7 hours), Architecture, Engineering and Building and Finance (9.8 hours).

Gary Turner, co-founder and UK managing director of Xero, comments:
“The late payment epidemic has to change so small business founders do not spend so many hours chasing debt and worrying about cashflow on the back. With small businesses making up a staggering 99.8% of the British economic engine, this is a critical issue to sort for the UK economy as a whole.”