May 11, 2021Invoicing
5 steps to improve your accounts receivable process Running a business means constantly shifting focus – you’re so busy in the day-to-day, that it can be hard to keep track of all the moving parts. Pencil, on the other hand, is in a unique position. We have a birds eye view of the businesses we …
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May 6, 2021Late Payments
The template to get paid faster: invoice reminders If your overdue invoices are building up, no doubt you have looked at ways of automating the process using some type of reminder process. This most likely has been out of your accounting software; however you may not have turned them on as they don’t provide the …
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April 26, 2021Cash Flow
The impact of supplier hopping When buyers purchase goods on trade accounts there is always a risk that buyers will take their stock and run. This is called supplier hopping. The way it works is: A buyer signs up with a supplier and orders some stock on credit. The stock is delivered and an invoice …
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April 21, 2021Cash Flow
Can you locate your credit applications? Does this sound like you? You give your customers payment terms or trade credit. Part of the process is for a buyer to complete a credit application. Your credit application is in PDF or paper form. You send it off to new buyers in the hope that it will …
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March 22, 2021Late Payments
Do credit agreements mean anything? Does the following sound like you? Your credit agreements have evolved over time from a word doc to a PDF that needs to be printed off, filled in, signed and scanned back. Your customers are still printing, filling-in, signing, scanning and sending back incomplete credit apps. Missing information is just …
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August 18, 2020Uncategorized
Code of mis(conduct): commercial tenants vs. landlords during COVID-19 The way we’re going to be judged after the pandemic, is how we’ve treated each other in the face of hardship, The question we really need to ask ourselves is “Are we going to be able to continue a mutually beneficial relationship and look each other …
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July 22, 2020Cash Flow , Late Payments
The false economy: Pencil’s top 6 trade credit rules Victorian small businesses had a false start last week. Shop owners everywhere tried to make the best of a bad situation, big orders were placed with suppliers and storerooms were stocked. Let’s stop for a moment. You have tens of thousands of small businesses that have …
Read moreJuly 16, 2020Case Studies
Ewash Testimonial – Pencil PayWatch this video on YouTube Case study: Ewash Dave is one of Pencils first customers. He has been great to work with and has seen some amazing benefits while using our software. Here is what he has to say about his experience. What challenges were you facing before using Pencil? We …
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