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 …

Automation in trade credit management is crucial for wholesale businesses to streamline their financial operations and reduce the risk of financial loss. In this article, we will discuss the importance of automation in trade credit management, the benefits it offers to wholesale businesses, and the steps that can be taken to implement automation in trade …

As a business owner, you likely deal with other businesses that want to purchase your products but cannot pay you at the time of the sale. Extending lines of credit to your customers could be the best solution. You may draw in more buyers if they have the option to pay you later on. However, …

The Importance of Business Credit Checks Offering credit to your customers can be a double-edged sword. Because many businesses like the flexibility of being able to pay for purchases over time, offering credit can help you gain more customers, but it can also increase your risk of not being paid.  To minimise your risk, it’s …

If you are still having your customers fill out paper-based applications for credit or during the process of setting up a payment plan, it may be time to rethink your process. Do you have a reason for not switching to digital, or is it simply that you haven’t considered changing what has been working for …