PayNation®’s Post

Delayed #B2B payments aren't just frustrating—they're killing business growth. This Forbes piece breaks down some actionable strategies to keep cash flowing: - Automate invoicing to accelerate payment cycles - Make it impossible to delay with frictionless payment options - Kill the paper trail—digital is non-negotiable - Set payment terms that work for both sides - Track every dollar like your growth depends on it Must-read for anyone serious about optimizing their #cashflow: https://bit.ly/3OXQMU1 #B2BPayments #AccountsReceivable #PaymentAutomation #DigitalTransformation

If you're struggling with: 💰 Delayed payments 🧾 Inaccurate invoicing ⏳ Inefficient order processing It might be time to review your #ordertocash, or 'O2C' process. See some best practice guidance and understand the #O2C process in B2B payments 💼 https://hubs.li/Q02NnwCY0

Ditch the paperwork! 💻 E-invoicing streamlines your accounts payable, boosts accuracy, and can even snag you early payment discounts. #einvoicing #APautomation #procurementtech #collectivespend #b2b #marketplace #ecommerce #procurementplatform #spendmanagement

Quick read on how adopting virtual cards save time and money in B2B payments

This article explores the benefits of B2B accounts receivable automation and its key features and demonstrates why it's time to say goodbye. https://lnkd.in/gg99dWvB

Accounts receivable, quote or order-to-cash processes can be hugely improved by following these 5 things: Setting Clear Payment Terms and Policies — • Tell your customers: how, when and what happens if they don't pay Utilizing Customer Relationship Management (CRM) Software — • Tracking customers at scale is hard and automating quotes and invoices is made easy with the right CRM Offering Incentives for Early Payments — • Cashflow is king, are you willing to discount for quick payment? Regularly Monitoring and Following up on Outstanding Invoices — • The CRM will help with timely follow-up communications, set timers or automate notifications for payment reminders. Or at worst calendar the review of all outstanding invoices Offer convenient online payment methods — • Get a payment link to an online checkout, so that a customer can pay immediately • Offer different payment methods including cards and online account-to-account methods • Dictate that the customer must use an online payment method • Send these links from your CRM or invoicing software, you can automate these steps #payments #invoicing #accountsreceivable

If your company operates in the business-to-business (B2B) marketplace, you’ve probably experienced collections challenges. There’s no easy solution, of course. But you can “grease the wheels,” so to speak, by devising and always improving a methodical collections process. Start with payment terms that are written in unambiguous language and include specific due dates, payment methods, and late-payment penalties. Invoice promptly and accurately, minding all the details and monitoring metrics such as days sales outstanding and average days delinquent. Establish a timeline for payment reminders and follow-ups. Today’s software can help automate this part of the process. Contact an Axley & Rode advisor for help For more information, check out our blog https://bit.ly/3KjMLqC #axleyrode #trustedadvisor

If your company operates in the business-to-business (B2B) marketplace, you’ve probably experienced collections challenges. There’s no easy solution, of course. But you can “grease the wheels,” so to speak, by devising and always improving a methodical collections process. Start with payment terms that are written in unambiguous language and include specific due dates, payment methods, and late-payment penalties. Invoice promptly and accurately, minding all the details and monitoring metrics such as days sales outstanding and average days delinquent. Establish a timeline for payment reminders and follow-ups. Today’s software can help automate this part of the process. Contact an Axley & Rode advisor for help For more information, check out our blog https://bit.ly/3KjMLqC #axleyrode #trustedadvisor

HighRadius, a leader in Accounts Receivable Automation for MM+, has added payments to its solution. In addition to a standard Payment Gateway everyone offers, it also has two interesting capabilities for B2B Payments - 1. interchange fee optimization, and 2. surcharge management. This first can be very valuable to reduce card acceptance costs, and I'd love to find out if the second is working in the B2B space. Surcharging is getting quite common in the US in the consumer space, but it's still rare in the B2B space, especially when buyers are larger corporates (unless the surcharge is already in the PO, most large corporates' AP departments will reject the surcharge). Ping me if you know more about this. https://lnkd.in/gWANW6Xx

Are delayed B2B payments holding back your business? Check out this Forbes article for 5 actionable strategies to accelerate cash flow and keep your payments moving. Automate invoicing, streamline payments, and more: https://lnkd.in/eWqSsyeK