Your billing process transformation is due
UK research report 2022
Recent years have both highlighted and heightened a problem for billers – the prevalence of late, missed or failed bill payments.
While the number of people whose economic circumstances and working patterns make regular, automated payments a potential problem has been rising steadily, the pandemic and its associated economic squeeze has made that problem acute. In fact, 44% of payers of all types agree that in the past 12 months ‘My financial situation worsened forcing me to pass the due date for bills several times’.
Our research among UK bill payers and billers highlights the resulting operational challenges from government agencies, utilities, insurance and housing associations, that demand they transform their billing and bill payment processes to accommodate their customers’ needs for greater flexibility and control.