Bending Your Credit Policy to Gain a Customer

At one time or another, nearly every business owner has come across this issue: should you modify your company’s credit policy in order to gain – or retain – a customer? Let’s take a look at several pros and cons and then a few examples of when bending your credit policy is worth the risk.

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YayPay Levels Up Customer Experience with Bi-directional Salesforce Integration

In your company, who is responsible for managing customer relationships?

Everyone customer-facing.

Whether you are on the finance, sales, or customer success team, anyone who impacts customer relationships should have easy and real-time access to their customer account details. These are simply best practices

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Why Board Members Care About Accounts Receivable—and the Best Metrics to Show Them

It’s the job of the board of directors to oversee the financial and legal health of your organization. The board has a fiduciary obligation to protect the interests of all shareholders. Because of this, you must keep your board apprised of company finances, and this includes accounts receivable, which is often a very significant asset on the balance sheet.  

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Upping Your Game: Accounts Receivables Team Performance

The accounts receivables team is one of the most critical teams in your company. If your AR team doesn’t collect the proceeds from invoices, the efforts of sales, marketing, customer service, and human resources are wasted.

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Get Out of the Banking Business & Start Doing AR Management Right

In an ideal world, every single one of your customers would pay you on time—if not ahead of schedule.

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4 Ways to Improve Your Receivables Performance

Running a successful and balanced accounts receivable department can be a tall order. In fact, many companies feel helpless when it comes to collecting payments on time. This is due to the fact that more than one out of every three invoices an average business sends out are paid late.

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Using AR Analytics to Measure Department Effectiveness

AR managers have a myriad of responsibilities. The company’s cash flow, financial forecasts, budgets, and debt collection efforts are all on your team’s task list. While much of your tracking and reporting focus is on other departments, it’s also critical to measure your internal team performance. AR analytics can be a  tool used to assess your team’s effectiveness and inform personnel decisions.

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On Fintechs & Banks: Some Things Are Just Meant To Be

Just a few weeks ago, over 4,500 companies and 11,000 attendees made their way to Vegas in hopes to learn, share, and strike new partnerships.

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