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Benefits of all-in-one solutions vs. banks in B2B payments
Global 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.
Latest blogs
The seven steps to managing a successful business
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.
New payment gateway: ezyCollect Payments x WooCommerce integration
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.
Key policies for SMEs in the 2022 Federal Budget
The latest budget encompasses a range of initiatives to revitalise the country’s industry and fortify its economic resilience. Most importantly, the 2022-23 Budget extends cost-of-living relief and lays out a pathway for the Government of Australia to invest in the future of the country’s businesses. It becomes a crucial step during challenging times when inflationary and economic pressures and the resultant global uncertainty are on the rise.
Five cashflow hacks for managing seasonality in B2B
Small to medium businesses know that seasonal fluctuations can seriously impact them and must build resilience into their business model. In our recent webinar, Beth James, Customer Operations Head at Hampers with Bite, shared with Laura Athena Walker, ezyCollect, how their team successfully manages the cashflow despite the challenges of a highly seasonal business.
Five tips to prepare your cashflow for a recession
Recessions are a normal part of a business cycle, and despite what the news tells you, it doesn’t mean it’s the end of the world, either. However, there’s no downplaying the importance of being prepared for tough times. A crucial part of ‘recession-proofing’ is ensuring you have a strong cashflow.
While the consensus is that a global recession is likely sometime in 2023, it’s important to be proactive and take steps to ensure your company is ready for the coming months ahead. A crucial part of navigating changes is ensuring you have a strong cashflow.
B2B payments in ezyCollect: Pay Now in SMS, Collect Now in Bulk, and more
B2B firms have different needs when it comes to payment automation: taking into consideration accounting, invoicing and compliance. Here at ezyCollect, we understand how the payment experience is integral to accounts receivable collections. Our online payment platform is built out of this need, and we’re just getting started. Learn about our latest updates to make payments easier for your customers and for you to be able to collect them efficiently and sync them to your accounting systems seamlessly.
Five tips to minimise bad debts in B2B firms
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.
Three steps to end late B2B payments using the Big Tech approach
Big Tech companies are known to be purveyors and, often, pioneers in simplifying processes. They understand how streamlining creates business efficiency and excellent customer experiences. They create win-win situations, and we can see this with how they approach payments.
Benefits of all-in-one AR automation in B2B 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.
Five reasons why you should use Integrated Direct Debit
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.
How digitisation impacts the evolving role of the CFO
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.
Three ways to speed up your accounts receivable collection process
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.
The cost of late payments for SMEs
Gain a deeper understanding of the impact of late payments on your business. We list down the true costs of late payments – and ways you can prevent them.
Four steps to identify zombie businesses with credit reports
When businesses proactively manage their accounts receivables (AR), they shorten their cash conversion cycles. Improved cash flow means businesses can meet regular expenses and ensure continuous and consistent growth. In this article we’ll discuss the 4 steps on how you can accelerate cash flow with your accounts receivables by leveraging technology and best practices.
Four steps to boost cash conversion with your accounts receivables
When businesses proactively manage their accounts receivables (AR), they shorten their cash conversion cycles. Improved cash flow means businesses can meet regular expenses and ensure continuous and consistent growth. In this article we’ll discuss the 4 steps on how you can accelerate cash flow with your accounts receivables by leveraging technology and best practices.
Five steps to redesigning the 2022 budgeting process
The volatility of the current world markets has seen the need to shift to agile budgeting processes. Reimagining budgeting for the new way businesses are run makes it possible to unlock deeper insights that can help businesses adapt to changes along the way.
EOFY best practices checklist for SMEs
Getting your financials in order is going to be a focus for you during EOFY. But it’s also a great time to reflect and do a postmortem of all your financial decisions to know what worked and what did not. In this article, we’ll share a few tips that SMEs should consider to make the most of EOFY and ensure that they are prepared at the start of the next financial year.
How to choose the right accounts receivable automation software
Manually managing accounts receivables is not only labour-intensive but also quite time-consuming. A comprehensive AR automation software will facilitate the digital transformation of your business, so it is crucial to choose wisely.
The Importance Of Financial Reporting And Analysis
Understand how crucial accurate financial reporting and analysis are to your business, and how they benefit different business stakeholders.
The Human Side of Accounts Receivables Automation
Accounts Receivable automation is becoming increasingly popular in the finance sector, having the ability to replace manual processes – from invoicing to credit risk management – to save time, prevent errors and reduce costs. Despite all the latest technologies, the human touch is still extremely important for any financial automation endeavour. Let’s take a closer look at how automation can emphasize the importance of the human factor in accounts receivables.
The CFOs Guide to Digital B2B Payments
Learn all about B2B Payments and how you can improve your collections and improve your client’s payment behaviour by adopting digital payment systems in your business.
An Analysis of the 2022-23 Budget for SMEs
The Australian Government 2022-23 Federal Budget consists of special provisions for SMEs, including increased tax breaks for those businesses that invest in new technologies and skills. Let’s take a look at these provisions in greater detail in this article.
Top 10 tips to improve your accounts receivable process
Learn top tips on how you can manage AR teams, increase efficiency and improve cash flow to get paid faster – as shared by accounts receivable experts.
Digital B2B Payments Show Promise But Still Face Hurdles to Widespread Use
Fintech paves the way for better transparency, especially around B2B payments. The technology promises convenience, is lightning fast, and provides many payment options. Despite these benefits of digital payment platforms, many still do not use them to collect payments from other businesses. In this article, learn how digital payments can benefit B2B transactions and the challenges businesses face to implement efficient payment processes.
Your Quick Guide to AR Automation
Your ability to manage cash flow and, consequently, business productivity and growth hinges on the efficiency of the accounts receivable activities. Many CFOs are strategically deploying AR automation to streamline invoicing, payment processing, acceptance, and collections management. Each of these activities should work in harmony to continuously improve the efficiency and effectiveness of your accounts receivable process.
Accounts Receivable Turnover Ratio: Definition, Formula & Examples
Accounts Receivable Turnover Ratio is a key metric for businesses. A good score is essential to attract investors if...
Top 5 B2B Payment Hacks for Digitising Your Business in the New Year
Digitization is one of the priorities for businesses in today's times, and why shouldn't it be? The trend of...
10 Hacks For Optimising The O2C Process For Your Business & Accelerating Cashflow
Learn tips on how you can take advantage of a streamlined and optimised order-to-cash (O2C) process through accounts receivable automation.
Modernizing B2B Payments For the New Normal
The changing economic scenario makes it imperative for B2B companies to address changes in customer expectations triggered by the pandemic and the collective transition to digital payments, characterized by automation. B2B buyers now look for variety, ease, and convenience while transacting—something that B2B payment automation can provide. With the improvement in payment options for B2B buyers come the benefits of increased customer satisfaction and transaction conversions, ultimately leading to business success.
How to Transform Your B2B Business With an Order 2 Cash Platform
Designing and implementing an effective order-to-cash process can transform your business cashflow and set your organisation up for rapid growth
