Chaser, the global accounts receivables SaaS platform, has introduced SMS-based “invoice chasing” functionality to address a surge in business insolvencies. The feature aims to enhance payment security by utilizing SMS messages, which boast a 98% average open rate compared to email’s 25%. Chaser’s innovative approach allows users to send customizable invoice payment reminders instantly, with the integration of SMS and email in automated schedules demonstrating a 32% improvement in efficiency, reducing the average chase-to-payment time by seven days.
Chaser Encourages Businesses to Diversify Payment Reminders and Reduce Late Payments Amidst Rising Insolvencies
