One of the persistent challenges faced by wholesalers is the risk of bad debt, which can have a cascading effect on the overall health of the business. In this article, we explore how PencilPay, with its innovative features, acts as a shield, significantly reducing the threat of bad debt a...
In the dynamic realm of wholesale, where transactions unfold at a rapid pace, the management of cash flow is paramount. One pivotal aspect that can significantly influence cash flow is the method of payment. In this article, we’ll explore how automated payments inside of Pencil...
In the dynamic landscape of wholesale business, managing credit risks effectively is paramount for sustainable growth and financial stability. Establishing a solid Wholesale Credit Policy is the foundation upon which businesses can thrive, ensuring a healthy cash flow, strong customer rela...
As a lighting supplier, managing the intricate world of imports can be challenging. The demand for lighting products is ever-growing, but along with it comes the complexities of handling deposits, ensuring accurate revenue recognition, managing bill of materials, and navigating the nuances...
Watch this video on YouTube In 2000, Todd Miller established Alti Lighting, a renowned lighting consultant, importer, and retailer catering to a diverse customer base, including consumers, electricians, architects, and builders. However, the fragmented nature of payments posed a significan...
Watch this video on YouTube After completing a two-year apprenticeship at Bellarine Brewing Company, Max Dent made the bold decision to establish Cloud Cuckoo Island—a company specialising in pre-batched cocktail kegs, cans, and bottles. Max had a clear vision of selling directly to vari...
