PencilPay vs. Manual Onboarding A Comparative Analysis for Wholesale Businesses

PencilPay vs. Manual Onboarding: A Comparative Analysis for Wholesale Businesses

January 31, 2024Credit Applications

In the ever-evolving landscape of wholesale transactions, the onboarding process stands as a pivotal factor influencing the success and stability of a business. This article dives into the comparison between the traditional manual onboarding methods and the revolutionary PencilPay platform, shedding light on how technology is reshaping the wholesale industry.   1: The Pains of …

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Standardising The Customer Onboarding Process in Wholesale

Standardising The Customer Onboarding Process in Wholesale

December 11, 2023Credit Applications

In the dynamic world of wholesale, many businesses still grapple with outdated and manual onboarding processes, hindering efficiency and paving the way for potential challenges down the line.  This article explores the surprising absence of a standardized onboarding procedure in the wholesale sector and how PencilPay revolutionizes the customer onboarding experience. Challenges in Traditional Onboarding …

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Revolutionizing Onboarding for NetSuite Users PencilPay's Digital Credit Applications

Revolutionizing Onboarding: PencilPay’s Digital Credit Applications for Netsuite Users

November 21, 2023Credit Applications

If a business uses Netsuite and runs a wholesale channel with payment terms, customer onboarding becomes crucial. The saying “Garbage in, Garbage out” gains significance. Typically associated with huge datasets, here it’s about the crucial data sets. The right data and a solid process from the start ensure payment at the end, the ultimate goal …

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Boosting Efficiency: Automating Wholesale Account Setup with PencilPay

Boosting Efficiency: Automating Wholesale Account Setup with PencilPay

November 15, 2023Credit Applications

Streamlining processes not only saves time but also enhances productivity, allowing businesses to focus on what truly matters – growth and customer satisfaction. One area where efficiency is paramount is in the setup and management of new wholesale accounts. In this article, we’ll explore how PencilPay, with its advanced features and seamless interface, automates the …

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The Importance of Onboarding New Customers Digitally to Avoid Bad Payers

The Importance of Onboarding New Customers Digitally to Avoid Bad Payers

March 20, 2023Credit Applications

For wholesalers, onboarding new customers is a critical process that can make or break their business. A well-structured onboarding process is necessary to protect your business from bad payers, streamline payment management, and improve customer relationships. In this article, we’ll discuss the importance of onboarding new customers digitally and how it can help you avoid …

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