ProblemThe current invoice system that most companies use is flawed, slow and expensive with some payment providers charging up to 3.5% to facilitate a payment or a monthly fee with a fixed term contract, it also leaves many gaps for late and defaulted payments, costing companies time and money trying to recover debts that are legally theirs in the first place. Some companies end up spending more than the invoice balance on legal costs and litigation, and in some extreme cases end up going out of business because of non-payment. .