supplier hopping blog image

The Impact Of Supplier Hopping

April 26, 2021Cash Flow

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 is raised. The buyer ignores …

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Can you locate your credit application blog image.

Can you locate your credit applications?

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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Man reviewing his credit applications on paper.

Do Credit Agreements Mean Anything?

March 22, 2021Late Payments

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 part of the process. If …

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Case study: Dave From Ewash

July 16, 2020Case Studies

Ewash Testimonial – Pencil PayWatch this video on YouTube 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 were having lots …

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How to connect your MYOB account to Pencil

April 21, 2020MYOB

Go to www.pencilpay.com click on the LOGIN button top right on the home page Log in with your Supplier login On the Left-hand side of the click on the “Integrations” tab Select the software in which the Supplier has Click on the MYOB integration tile: Click on “Get Started” Log in to your MYOB account …

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