May 17, 2023Late Payments
As a wholesaler, you know that getting paid is crucial for your business. To stay ahead of the competition and keep your customers happy, you need to offer flexible payment options that meet the needs of your wholesale customers. In this article, we’ll explore why offering flexible payment options is essential for your wholesale business. …
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March 27, 2023Late Payments
Late payments from customers are a common issue for most wholesalers. Without a proper payment management system, it can be difficult to keep track of who owes you money. This is where automated payment reminders come in handy, helping wholesalers streamline their payment process and improve sales. PencilPay’s software allows you to set up automated …
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February 27, 2023Late Payments
As a business owner, it is important to establish good relationships with your wholesale customers. However, disputes may arise, and negotiating payment plans can be a difficult task. In this article, we will explore some strategies for navigating disputes and negotiating payment plans with wholesale customers. 1: Communication is Key The first step in navigating …
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April 12, 2022Late Payments
If your business is a small- to mid-size Australian supplier, you likely have specific questions about trade credit risk. It is common practice in business-to-business relationships to provide trade credit, but this mode of operation may put the supplier at a disadvantage. Will the buyer honour the B2B relationship and pay on time, or will …
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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 While trade credit is standard practice, suppliers often deal with a time-consuming and outdated process.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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