Read about the digital transformation of commercial payments and how to automate your enterprise cash cycle.
How Blockchain is Transforming Accounting and Finance
May 31, 2023 by Zazil Martinez
As technology continues to shape our lives, one revolutionary solution has emerged to transform the way we record, verify, and audit financial transactions: blockchain. With its ability to introduce transparency and decentralized record-keeping, blockchain holds immense potential, particularly in accounting.
The 6 Benefits of Real-Time Payments for You and Your Clients
May 30, 2023 by Kelsey Banerjee
Introducing the world of real-time payments, where speed, efficiency, and cost-effectiveness revolutionize business transactions. With instant processing and minimal fees, real-time payments offer seamless experiences in B2B transactions.
How to Save Money on B2B Credit Card Processing Fees
May 26, 2023 by Brandon Jones
High credit card processing fees can significantly impact the profitability of B2B businesses, cutting into profit margins and harming competitiveness. However, effective and budget-friendly payment options can keep processing times short without triggering excessive fees.
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What is Cash Application and Why Is It Important?
May 23, 2023 by Kelsey Banerjee
Cash application is critical for the success of commercial transactions, but it can be complex in B2B exchanges. Transaction delays, invoice matching, and manual processes create challenges. This article explores the complexities of cash application and discusses solutions for streamlining the process.
5 Easy Ways to Reduce your DSO
May 18, 2023 by Zazil Martinez
Effective management of accounts receivable is crucial for the financial stability of any business. One key metric used to assess this is the Days Sales Outstanding, which indicates how well a company performs. High DSO values can lead to cash flow problems and unpaid debts, resulting in limited liquidity for growth and investment.
5-Minute Guide to Accounts Receivable Management
May 16, 2023 by Kelsey Banerjee
Accounts receivable management is critical for maintaining healthy cash flow, and businesses can have up to 24% of monthly revenue tied up in AR. A flawed billing and collection process can cause cash flow issues, missed opportunities, and high costs.
Why You Need an Accounts Receivable Process Flowchart
May 12, 2023 by Brandon Jones
Consider creating a flowchart if you're looking for ways to improve your accounts receivable process. Accounts receivable flowcharts visually represent the collection process, highlighting areas of inefficiency and opportunities for automation.
How Automated Payment Services Can Improve Your Business
Apr 24, 2023 by Kelsey Banerjee
If your payment system isn't processing payments fast enough to keep up with expenses, the entire organization comes to a standstill. Automated payment solutions expedite the payment process and provide a stellar customer experience. But there are many other benefits to automated payment systems, as well.
How to Evaluate your Cash Flow Health
Apr 5, 2023 by Zazil Martinez
Measuring cash flow should is always tied to business goals and operational needs. Every company has different needs, so indicators in cash flow statements vary accordingly.
The Guide to Payment Terms (and How to Optimize Them)
Mar 24, 2023 by Kelsey Banerjee
Payment terms are essential in any business transaction as they define the cash flow cycle. They are the rules that ensure vendors and suppliers get paid on time and customers know when to expect payments. When discussing payment terms, we refer to the conditions that dictate when and how payments should be made.
5 Strategies for Effective Accounts Receivable Management
Mar 23, 2023 by Zazil Martinez
In today's business environment, it is crucial to have a robust and cost-effective payment process. Achieving this requires careful consideration of data, hidden costs, and risk while balancing time, bandwidth, and customer relationships. Your AR staff may be spending a lot of time taking, processing, and reconciling payments, and your business may be paying high and unpredictable credit card fees each month.
4 Common Accounts Receivable Challenges and How to Solve Them
Mar 15, 2023 by Kelsey Banerjee
Overdue invoices can impede cash flow and growth opportunities. Common challenges include high DSO, ledger disorganization, poor communication, and inadequate policies. Streamlining processes, offering multiple payment options, going paperless, updating customer information, and automating AR can overcome these. A structured credit policy can help identify suitable customers.
Overcoming Payment Digitization Challenges
Feb 1, 2023 by Kelsey Banerjee
Payment digitization challenges stem from both internal and external pressures, and with the B2B payments landscape shifting rapidly, many organizations need help to adapt. Which digital payment solution works, and will it stick around in the long run?