The B2B payment landscape is evolving rapidly, driven by economic pressures, changing buyer behavior, and the push for greater efficiency. As interest rates remain high and cash flow becomes a top priority, businesses are adjusting their payment strategies to reduce risk and secure revenue...
The Customers: Small to Medium Hospitality Venues Every week, small to medium-sized hospitality venues across the country rely on their coffee supplier to keep them running. For many of these businesses, coffee is their single largest recurring expense—an essential cost that keeps their ...
Managing accounts receivable (AR) is a critical part of running a successful wholesale or distribution business. For many companies, manual payment processes are still the norm. While this approach may seem straightforward and low-cost on the surface, the hidden expenses of manual payment ...
Recovering overdue payments is one of the most challenging tasks for businesses. Balancing the need to collect payments with the desire to maintain a strong relationship with customers can be tricky. Push too hard, and you risk alienating your clients. Be too lenient, and you may never get...
Payment terms are a double-edged sword in the world of wholesale and distribution. While they can help secure larger orders and foster strong client relationships, they often lead to cash flow challenges when payments are delayed or mishandled. If your business is struggling to maintain a ...
The fast-moving consumer goods (FMCG) sector operates on tight margins, high sales volumes, and rapid inventory turnover. As a distributor in this industry, staying competitive means streamlining your operations wherever possible—including your payment processing. Manual payment systems ...
The Australian craft beer industry has faced significant challenges since the high times before and during COVID-19. In the first half of 2023, 35 Australian craft breweries went out of business, nearly matching the total for 2022. This article explores the problems craft brewers face and ...
Managing cash flow effectively is crucial for the success of any wholesale business. One of the key metrics to focus on is debtor days—the average number of days it takes for your customers to pay their invoices. The longer your debtor days, the more strain it puts on your cash flow. Her...
In this article, we’ll delve into the powerful features of PencilPay’s payment plans and how wholesalers and suppliers can leverage them to manage outstanding invoices effectively. With a noticeable shift towards payment plans, businesses are seeking alternatives to traditional...
