We hate to point out the obvious, but sky-high inflation is making it more difficult for businesses to make ends meet these days. And it’s also placing a heavy burden on companies’ cash flow efforts. The economists who predicted “temporary” inflation pains more than a year ago aren’t apologizing for misreading the economy so poorly, […]
Credit and Collections
No matter the size of your business, it’s worth taking note of the strategic moves that small businesses have made to adapt, innovate and survive since the pandemic, and considering if they’re also right for you. A recent survey by Truist of 522 business owners with annual revenue ranging from $100,000 to $2 million indicates […]
For a while, vendor portals were great because A/R staffers didn’t have to spend so much time on the phone with your customers’ A/P departments to check the status of invoices or track a purchase order. However, over time your A/R staff may have accumulated so many login credentials for all the portals they use […]
As the pandemic subsides and you look to grow your business, positive cash flow will be essential. But if your cash flow could be better, here are moves you can make right now for a healthier bottom line, according to the experts at business financing services provider Nav.com. Expenses & cash flow Product inventory and […]
Your peers and your A/R team are concerned about delayed and re-negotiated B2B payments. Research from The Hackett Group found that many companies took even longer to pay suppliers during the first half of 2021 than they did at the start of the pandemic in 2020. And last year, The Wall Street Journal reported that […]
What are your company’s A/R delinquency rates? A full 15% of business-to-business receivables are currently past-due. So says the new B2B Payments Innovation Readiness report, a collaboration between PYMNTS and American Express. Nobody wants to carry old agings into a new year. With a little more than a month to go in 2021, check out […]
The ever-growing, ever-changing realm of online sales tax has made the waters so muddy compliance can seem like an impossible task. Your fellow CFOs confirm that in the Future of E-Commerce Compliance: Part 1, by TaxJar. It shows where the greatest compliance hurdles lie now. And there are plenty of them! A staggering 88% of […]
Though it’s been three years since states gained the ability to tax online sales, some are still toying with their economic nexus thresholds.
Your A/R team can masterfully issue invoices and process payments, but have they fully developed more interpersonal, soft skills?