Managing cash flow effectively is crucial for the success of inventory-based businesses. Ensuring a smooth operation involves two major areas: “money out,” which pertains to purchasing stock or raw materials, and “money in,” which involves collecting funds from cust...
In the fast-paced world of construction, efficient payment processes are vital for the success of suppliers. With PencilPay, construction suppliers can streamline their operations, speed up payment collections, and secure their trade accounts effectively. Â Speeding Up Payment Collection:...
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...
For wholesale businesses offering their products on payment terms, managing cash flow effectively is essential for sustainable growth and success. One strategy that can significantly impact cash flow management is offering payment on account to customers. In this article, we’ll explo...
When it comes to establishing trade accounts with wholesale customers, having a well-designed application form is crucial. In this article, we’ll explore the essential steps in creating an effective wholesale account application form. Then, we’ll delve into how PencilPay’...
In the competitive landscape of wholesale operations, the transition from manual paperwork to efficient digital processes is paramount. PencilPay emerges as a transformative solution, revolutionizing the way wholesale suppliers manage payments. This article explores how PencilPay simplifie...
In the wholesale industry, offering payment plans can be a strategic move to retain customers who are struggling to juggle their bills and have a habit of paying late. However, understanding the ins and outs of payment plans is crucial for wholesalers to leverage this tool effectively. In ...
In the fast-paced world of apparel wholesale, managing payments efficiently is paramount to success. With the emergence of innovative financial solutions like PencilPay, apparel brands are experiencing a revolution in their wholesale payment processes. Â Streamlined Transactions PencilPay...
In the midst of the challenging landscape faced by Australia’s independent brewers, the recent plea from the Independent Brewers Association (IBA) for government intervention highlights the critical need for support. With craft breweries grappling with closures, restructures, and fin...
