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The CFOs Guide to Digital B2B Payments

The CFOs Guide to Digital B2B Payments

Digital payments are the key to unlocking optimisations in payment transactions. Digital payments have been the way for many B2C transactions for years but haven’t gained the same prevalence in the B2B space until recently. With the COVID-19 pandemic accelerating e-commerce and increasing customer expectations toward...

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An Analysis of the 2022-23 Budget for SMEs

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.

Digital B2B Payments Show Promise But Still Face Hurdles to Widespread Use

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 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.

Modernizing B2B Payments For the New Normal

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.

A Guide to Optimizing Cash Flow & Improving the Order To Cash Cycle

A Guide to Optimizing Cash Flow & Improving the Order To Cash Cycle

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.

The complete guide to managing and preventing bad debts in B2B

The complete guide to managing and preventing bad debts in B2B

B2B businesses face several challenges when collecting outstanding payments from delinquent customers. Developing a well-structured process, leveraging digitization, and upgrading your teams’ resources and capabilities can maximize recoveries and prevent bad debts. With an increased focus on debt management, companies can reduce high costs and lost income and enhance customer focus, customer engagement, resilience, and profits.