Boost Sales with Automated Payment Reminders

Boost Sales with Automated Payment Reminders

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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Understanding Trade Credit And How To Reduce Risk

3 Ways To Reduce Risk When Supplying Goods On Terms

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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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 While trade credit is standard practice, suppliers often deal with a time-consuming and outdated process.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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