Accounts receivable (AR) is the lifeblood of any business, but managing it manually can lead to inefficiencies, late payments, and cash flow issues. In today’s fast-paced business environment, wholesalers need to rethink their approach to AR management. Enter AR automation—a game-chang...
Onboarding new clients is a critical process for wholesale businesses, especially when extending credit terms. However, many wholesalers rely on outdated, manual methods for client onboarding, such as paper-based credit applications and time-consuming verification steps. These traditional ...
Managing financial transactions is essential for businesses, especially when using multiple platforms to handle payments. If you’re using NetSuite for your accounting and PencilPay for managing payments, reconciling these with your bank account is crucial to ensure that all transacti...
As the 2024 U.S. election draws near, domestic manufacturers, wholesalers, and distributors face a critical moment. The outcome of the election could make or break these industries, which depend heavily on the health of the American middle class. For decades, the U.S. middle class has been...
Packaging wholesalers often face unique challenges when it comes to getting paid on time. We recently spoke to 50 Packaging suppliers across Australia about how the run their accounts and what results they have seen. Below, we explore five common problems packaging wholesalers encounter an...
For alcohol suppliers, managing payments can be a complex and time-consuming task, especially when dealing with large orders and various payment terms. With a mix of payment methods—ranging from net terms to upfront payments—manual processing can slow down operations, impact cash flow,...
Managing prepayments is a crucial aspect for many wholesale business operations, especially for companies that deal custom manufacturing, or long lead times. Prepayments help businesses secure funds before production or shipment, but manual handling of these payments can lead to errors, ...
Scaling a wholesale business presents unique challenges, particularly when it comes to managing operations, finances, and customer relationships. As a business grows, the complexities of handling accounts receivable, ensuring timely payments, and maintaining cash flow can become overwhelmi...
In today’s digital age, the need for secure payment processing has never been greater. If you’re writing down and storing your customers’ payment details manually, you’re putting both your business and your clients at significant risk. For B2B product sellers companies, where l...
