Simplify your trade credit approval process

Simplify Your Trade Credit Approval Process

March 22, 2022Cash Flow

Trade credit is the lifeline of SMEs in Australia. In fact, businesses of all sizes rely on commercial credit. It ensures that they have the resources to meet clients’ needs, whether they have enough liquid assets or not. However, the businesses supplying this B2B credit take on high levels of risk. Over the years, financial …

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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 While trade credit is standard practice, suppliers often deal with a time-consuming and outdated process.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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Paperless Inventory Control Management Benefits

Paperless Inventory Control Management Benefits

March 8, 2022Inventory

Businesses are eliminating physical paperwork from all operations and administrative functions. Inventory control management is no exception. In fact, some businesspeople would argue that this is one of the first business functions that should be digitized. Going paperless reduces business risks and improves efficiency.   What Is Inventory Control Management? This refers to the processes …

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Guy Greenstone from Stomping Ground

Ep 1 – Guy Greenstone: Stomping Ground

March 7, 2022Podcast

Guy Greenstone – Stomping Ground Brewing Co. | RSS.com In this episode, we interview Guy Greenstone who I met over a year ago when I convinced him to start using PencilPay. Guy gives us the Stomping Ground Story, from research trips in the USA to Large Independent Brewery of the Year in 2021. Lastly, Guy …

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Why are sales falling through the cracks

Why are sales falling through the cracks?

February 24, 2022Uncategorized

I met up with an old employee last week who’s now a BDM at a medium-size Consumer Goods manufacturer. We talk about almost everything, but this conversation very quickly steered towards work, more specifically; selling. Her shift from the transactional nature of B2C selling, across to the account management style required for B2B selling, had …

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3 Ways Automation Can Help Wholesale Suppliers in Australia

3 Ways Automation Can Help Wholesale Suppliers in Australia

February 22, 2022Uncategorized

Automation is a trending technology with particular benefits for wholesale suppliers and other critical links in the supply chain. Wholesale suppliers in Australia can benefit from the automation features of a digital trade credit management platform. Learn how to set up branded business-to-business trade portals in minutes with built-in credit risk assessment and lending resources …

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Strategies for Managing Your Inventory

Strategies for Managing Your Inventory

February 15, 2022Inventory , Uncategorized

As the business-to-business industry evolves, suppliers need to be aware of the changes in technologies and strategies to achieve the most efficient, cost-effective operations. Managing your B2B inventory is a large part of this process. Though beneficial to profit and growth, increased sales and customers can stretch your inventory control processes beyond your capabilities unless …

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