The Benefits of Direct Debit Integration

The Benefits of Direct Debit Integration

August 10, 2022Cash Flow , Invoicing

If your company is one of the many Australian wholesale businesses that supply goods to other businesses, you probably offer credit to your clients. Although it’s risky to issue trade credit, customers will likely take their business elsewhere if you don’t offer this option. Pencil is an Australian company that offers a solution to the …

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5 ways to improve your B2B Relationships

5 Ways To Improve Your B2B Relationships

May 4, 2022Cash Flow , Invoicing

Business-to-business relationships often require good faith arrangements. Due to a lack of up-front funds, suppliers like you must extend trade credit to maintain B2B partnerships. However, when you enter into trade credit agreements, you place yourself in a vulnerable position. With too few regulations and security measures, these arrangements are risky. Issuing more than $1.3 …

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Forget Unpaid Invoices: How To Prevent and Solve an Overdue Invoice

Forget Unpaid Invoices: How To Prevent and Solve an Overdue Invoice

March 15, 2022Invoicing , Late Payments

In Australia, small to medium-sized enterprises provide about $1.3 trillion in business-to-business credit. Trade credit allows consumers to access goods and services that they may be unable to under other circumstances. While trade credit is standard practice, suppliers often deal with a time-consuming and outdated process. Unfortunately, without innovation, your company is more likely to …

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