For wholesale and distribution businesses, onboarding new customers efficiently is critical to maintaining a steady cash flow and reducing administrative overhead. However, traditional credit application processes are often slow, error-prone, and reliant on manual paperwork. Businesses using MYOB Acumatica can now take advantage of PencilPay’s digital credit application process, transforming how they onboard customers, approve credit, and manage risk—all while eliminating tedious paperwork.

The Problem with Manual Credit Applications

Many businesses still rely on outdated credit application processes that require customers to fill out paper forms, send them via email or fax, and wait for manual approval. This process is not only time-consuming but also leads to:

• Delays in onboarding – Sales teams waste valuable time waiting for approvals instead of closing deals.
• High risk of errors – Illegible handwriting, missing details, and incorrect data entry can cause delays and disputes.
• Security concerns – Storing sensitive customer credit information in physical files or unsecured systems poses a major compliance risk.

The Power of PencilPay’s Digital Credit Applications in MYOB Acumatica

By integrating PencilPay with MYOB Acumatica, businesses can completely automate the credit application process, reducing admin work and improving customer experience. Here’s how it works:

1. Seamless Digital Application Process
   • Customers fill out a simple, branded online credit application, eliminating the need for paper forms.
   • Applications are automatically submitted and synced with MYOB Acumatica, ensuring all customer data is captured instantly.
   • Businesses can customize approval settings, allowing for faster and more consistent credit decisions.
     
     
2. Instant Credit Approvals & Secure Storage
   • Once submitted, the application is reviewed digitally, reducing manual processing time.
   • Secure storage of all credit agreements and payment details ensures compliance with industry standards.
   • Businesses gain better visibility into customer payment terms and risk factors before approving accounts.
     
     
3. Automated Payments & Real-Time Syncing
   • Once approved, customer accounts in MYOB Acumatica are automatically updated with their credit terms and payment details.
   • PencilPay enables auto-billing and payment scheduling, ensuring invoices are paid on time without manual follow-ups.
   • This seamless integration minimizes overdue payments, improving overall cash flow management.

The Bottom-Line Benefits

By switching from manual to digital credit applications, MYOB Acumatica users can:

• Reduce customer onboarding time from days to minutes
• Eliminate paperwork and human errors
• Improve cash flow with faster credit approvals and automated payments
• Increase security and compliance with encrypted data storage

If your business is still relying on slow, manual credit applications, it’s time to upgrade. Book a demo with PencilPay today and streamline your entire accounts receivable process with MYOB Acumatica.