This new feature makes it much more likely that your customers will respond and pay up, since each email is tailored to the specific customer. A bespoke approach that also works at scale, and is fully automated – so you never have to struggle through writer’s block again. Say goodbye to generic payment reminders and hello to personalised, effective email communication.
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.
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.
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.
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.
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.
Designing and implementing an effective order-to-cash process can transform your business cashflow and set your organisation up for rapid growth
Managing cash flow can be challenging even during the best of times for many businesses. The COVID-19 pandemic has added several layers of complexity in terms of managing cash flow. While timely strategies on inventory management and cost-cutting help, available data shows money often gets tied up in accounts receivables. Prioritizing accounts receivables (AR) management is the key to optimizing cash flow.