As our Product Marketing Manager, KC bridges product insights with market needs, helping the team bring the right solutions to the right audience. Outside of work, she enjoys photography and other creative pursuits — a balance of analytical thinking and artistic curiosity that shows up in everything she does.
In the world of business-to-business (B2B), it can be a challenge to manage late payments from customers. However, one proactive solution to minimise such occurrences is to assess the business creditworthiness of your customers based on their business credit score. In this article, we'll explore a free option for checking business credit scores to help you get started.
For small and medium-sized retail businesses, cash flow is one of the most critical elements of success. When managed correctly, it can help keep a business afloat during tough times and aid its growth. One tool that can help retail SMEs manage their cash flow more effectively is accounts receivable software.
Learn how to effectively manage your accounts receivables using an accounts receivable spreadsheet template and why adopting an AR automation software can further improve your collections process.
Maintaining a strong cash flow is essential for the overall health of a business. While cash flow can fluctuate greatly during periods of expansion or short-term projects, some techniques can be used to identify and manage short-term cash flow issues and plan for long-term growth.
The pro forma invoice, invoice, and receipt have unique purposes and functions in the buying and selling process. Accounts receivable teams need to understand the difference between these documents and use them correctly to keep accurate records and maintain smooth transactions.
Late payments can disrupt your cash flow and strain business operations, but understanding why customers delay payments is the first step toward a solution. From cash flow issues and poor payment processes to limited payment options and high merchant fees, this blog explores the top five reasons behind delayed B2B payments—and offers practical strategies to help you improve customer payment behaviour and get paid faster.
Predictions point to another challenging year this 2023, and more than ever, the CFO will play a critical role in helping their organisations weather the storms and maximise profitability. Here are the top 10 resolutions for CFOs in the new year.
Collecting payments on time is as important as making the deal. Inadequate cash flow not only slows down your business’s day-to-day operations but also impacts your business’s overall progress. Here are some best practices and solutions that can help you reduce late payments in your business.
Globally B2B payments is on the rise with major providers seeing growth in digital payments. Banks have long been players in the payment space, but we’re also seeing the rise of all-in-one payment solutions providing more variety and innovation. Learn why an all-in-one solution can benefit your business when it comes to payments.
Many business owners look to marketing and increasing sales and incentives as indicators of their business success. On episode 1 of our 3-part B2B Financial MasterClass series, Lali Wiratunga, National Manager at Westpac’s Davidson Institute, shared with us the seven other aspects that will help make your business more successful.
Introducing ezyCollect Payments Woocommerce extension: a small extension that bridges a big gap in the O2C process. Install the plugin to start taking credit card payments in your online store and manage them in one centralised platform together with your other payments.
B2B businesses are especially vulnerable to bad debts as transactions often involve extending credit to customers. Here are a few tips that can help you minimise and manage the risks associated with them.
Integrated Direct Debit works by collecting payments directly from customers’ accounts that have granted you Direct Debit Authority. When direct debit transactions integrate into your AR automation platform, the whole direct debit process is streamlined from collection to reconciliation, minimising friction. You also gain more control over direct debit payments, allowing you to extend that flexibility to your customers easily.
As digital technology continues to break barriers, today’s Chief Financial Officers (CFO) are also going beyond their traditional responsibilities and taking on a multidimensional role. They shape and drive corporate strategy in multiple areas, from technology and organisational design to organisational culture and supply chain resilience.
Learn about 3 areas of focus in your accounts receivable collection process and how you can improve them to eliminate manual steps and get paid faster.