Square targets UK SMEs with Invoices app
Square has announced the launch of the Square Invoices app in the UK, providing sellers a self-serve tool for creating, managing, and sending invoices from anywhere. From sending quotes and requesting deposits, to issuing recurring invoices and automated reminders, the app is designed to have all the functionality small businesses need to ensure they get paid promptly.
In 2018, Square commissioned a nationally representative survey of 1,000 small business owners in the UK that found cash flow to be the second-biggest overall concern for UK small business owners, affecting 41% of businesses. It is topped only by concerns over simply making enough money overall (53%).
Square Invoices also enables businesses to send estimates to confirm details of future jobs through the app or on desktop. The company says that this feature is particularly useful for service businesses such as home and repair providers, freelance consultants, photographers, and others who need to provide a quote to secure prospective customers. More than 50% of Square Invoices in the UK are already paid within one day. The app is now available in the US, Canada, Japan, the UK and Australia.