June 22, 2022Accounting , Inventory
Australia was home to 2,309,436 small-to-medium-sized enterprises in 2019, making up 99.8% of all businesses in the country.
SMEs are critical to this country’s economic well-being, and most of them depend on other businesses’ services for survival.
If you are a wholesale product supplier, you recognize the challenges SMEs face to stay afloat.
As a B2B company, your success is linked to your customers’ successes. Software-as-a-service is becoming an increasingly common business tool for B2Bs.
SaaS companies can help you run a more efficient business and build stronger relationships with your customers.
What Are SaaS Companies?
SaaS is a cloud-based software rather than software you install on your computer’s hard drive.
These platforms allow you to access a service from any device, as long as you have an internet connection.
Typically, SaaS software requires a subscription.
What Are the Best B2B SaaS Companies?
There were an estimated 15,000 companies providing SaaS worldwide in 2021, with 543 of those based out of Australia.
You can find a wide variety of cloud-based software to meet many of your business needs, but these three are especially recommended for wholesale suppliers to collaborate with.
PencilPay
PencilPay eliminates the need for paper credit applications.
SMEs extend an estimated $1.3 trillion in unsecured trade credit each year, placing them at significant risk for unpaid debts. PencilPay software streamlines your trade relationships.
It’s a user-friendly platform that provides you with the tools you need to manage all aspects of customer credit, including:
- Origination
- Credit risk
- Lending
- Payments
- Collections
PencilPay is one of the best SaaS companies for B2B suppliers.
It saves you time and money, and it gives you the confidence to determine which potential customers present the lowest credit risks.
It also integrates with your inventory and accounting software.
QuickBooks
QuickBooks is a cloud-based accounting program that is an excellent choice for wholesale suppliers because it also allows you to track inventory and order fulfillment.
It is arguably the most well-known accounting software on the market. You will likely be able to integrate it with most of your other tools and services.
The software allows you to automate invoices, budgeting, bank transactions and financial data, saving you additional resources you usually devote to bookkeeping.
QuickBooks is one of the best SaaS companies for staying on top of your inventory and accounting.
Salesforce
Salesforce is a cloud-based customer relationship management platform. CRMs help you manage your sales funnel and communications with potential and current customers.
Salesforce can improve your customers’ experiences and drive more business for your company.
With this software, you can automate emails, run reports and keep track of customers using a real-time dashboard.
The company uses artificial intelligence in the sales process and for performing analytics.
Combining Salesforce with PencilPay and QuickBooks can provide you with the tools to boost your business’s efficiency and bottom line.
Collaborate With One of the Best SaaS Companies
PencilPay understands the challenges of SMEs.
We’re one, too, along with being among the top SaaS companies. Let us help you streamline your credit and payment process.
In approximately 15 minutes, you can be up and running, and we’re here to help every step of the way.
Find out which plan is right for your business and take advantage of our 30-day trial.