Building strong, lasting relationships with your key accounts is the foundation of any successful B2B business. While exceptional products and services are vital, the way you manage payments and accounts receivable can also play a significant role in maintaining trust and satisfaction. Aut...
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 ...
Time is money, especially for wholesalers and distributors operating in fast-paced, high-demand industries. Managing payment processes manually can quickly become a burden, eating up valuable hours that could be better spent on growth-focused initiatives. Payment automation offers a transf...
Packaging suppliers play a crucial role in the supply chain, providing essential materials to industries ranging from food and beverage to retail and manufacturing. However, the unique demands of this sector—frequent orders, high transaction volumes, and complex credit terms—create sig...
Accounts receivable (AR) is a critical component of any business’s financial health. Effective AR management ensures timely cash flow, reduces bad debt, and supports sustainable growth. However, many businesses struggle to measure and improve their AR performance due to a lack of foc...
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 ...
In the wholesale industry, maintaining a steady cash flow is critical. However, late payments, inefficient payment processes, and manual invoicing can make it difficult for businesses to get paid on time. This is where wholesale payment solutions like PencilPay come into play. By automatin...
