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What is Net 45?

What is Net 45?

Are you a growing business looking to revamp your payment terms? How about a new business trying to navigate invoicing...

ezyCollect Payments New Zealand is here

ezyCollect Payments New Zealand is here

Introducing ezyCollect’s latest update: Now you can accept payments from your customers in New Zealand and provide a convenient payment option that also lets you streamline your payment management and allocation process.
Is Accounts Receivable Credit or Debit? Balancing the Books

Is Accounts Receivable Credit or Debit? Balancing the Books

In accounting, the treatment of accounts receivable as a debit or a credit holds significant weight on the balance sheet. It’s a key asset in business finance. Let’s dive into how we use debits and credits for accounts receivable to keep our financial records accurate, and learn the best ways to manage it.
Collection letter sample templates for email and SMS

Collection letter sample templates for email and SMS

Timely payments are essential for your business, and you need effective tools to ensure they happen. One simple yet powerful tool is invoice reminders supported by a reliable accounts receivable system that consistently delivers them to customers on schedule. In this blog post, we’ll provide tips and sample templates for writing effective collection letters, helping you overcome these challenges.
EOFY 2023: Tax return lodgement and tips for SMEs

EOFY 2023: Tax return lodgement and tips for SMEs

As the end of the financial year approaches, small and medium-sized enterprises (SMEs) must prepare themselves for a range of crucial tasks to ensure a smooth transition into the new financial period. Let’s take a look at practical tips to make tax time as efficient and stress-free as possible.
Use cases of AI in the order to cash (O2C) process

Use cases of AI in the order to cash (O2C) process

As your business grows, so does the complexity and demands of the O2C process. This article will explore the real-world and potential uses of AI. It will provide insights on how to empower your AR team to be successful with the order-to-cash process. We’ll look at how AR automation has transformed O2C and how AI can take it further in the foreseeable future.
How to gain certainty, confidence and control in cash flow management

How to gain certainty, confidence and control in cash flow management

Cash flow management is essential for any business seeking long-term success. Mastering cash flow can immensely benefit your business, including improving financial management, enhancing decision-making, and providing better access to funding. Here’s how you could gain certainty, confidence and control in managing cash flow using best practices and trusted tools.
The 7 key metrics for boosting profits and cash flow

The 7 key metrics for boosting profits and cash flow

Discover the secrets to maximising your business profits and cash flow with the expert guidance of our friend, CFO on Call. Learn how to harness the power of seven key metrics to optimise your financial performance. Don’t miss this guest blog post exclusively on ezyCollect!
What Is Net 30 And What Are Net 30 Payment Terms?

What Is Net 30 And What Are Net 30 Payment Terms?

In the world of finance and accounting, Net 30 is a term you’ll hear often. It’s a popular payment term used in business transactions, requiring buyers to pay the net amount in full within 30 days of the invoice date. In this article, we’ll explore what Net 30 means, its pros and cons, and provide practical tips to ensure timely payments from your customers who are on net days payment terms.
The payment trends and tech to help you eliminate late payments this 2023

The payment trends and tech to help you eliminate late payments this 2023

As economic headwinds continue to slow the global economy this year, businesses are looking to strengthen their cash flow to weather the storms. On our recent fireside chat, we discussed the latest trends that will change how businesses like yours are getting paid and how upcoming technologies will help you overcome the hurdle of late payments effectively. Here are the key takeaways from the session.
What is Accounts Receivable? The Ultimate Guide To AR

What is Accounts Receivable? The Ultimate Guide To AR

Accounts receivable is a critical part of any business’s financial management, representing the money that a business is owed by its customers for products or services that have been provided but have yet to be paid for. In this article, we’ll explore accounts receivable, how it is managed, and why it is important for businesses of all sizes.
How digital payments can eliminate late payments for construction businesses

How digital payments can eliminate late payments for construction businesses

Payments can be complex for construction businesses, especially when contractors, suppliers, and subcontractors are involved. These parties often have different payment terms and schedules, which can cause confusion and delays in payment processing. This is why the industry needs to prioritise digital payment solutions to eliminate payment friction.