Payment dilemma

The Payment Terms Dilemma

November 15, 2023Late Payments , Uncategorized

The Hidden Pitfalls of Offering Extended Payment Terms in Wholesale Business To be competitive today, offering extended payment terms to wholesale customers is a necessary evil. However, this seemingly customer-friendly approach often leads to a host of challenges, resulting in late payments, increased debtor days, and mounting bad debt. In this article, we delve into …

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How Keeping a Payment Method On File Can Help Your Business

Streamlining Payments: How Keeping a Payment Method On File Can Help Your Business

March 29, 2023Cash Flow , Uncategorized

In today’s fast-paced business environment, managing payments efficiently is essential for maintaining a healthy cash flow. With late payments and bad debts being a major challenge for many wholesale businesses, it’s important to have the right tools and strategies in place to manage your receivables effectively. One such tool is using PencilPay’s onboarding tool which …

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