May
19
As consumers, the majority of us live in a digital space. When we purchase direct online with our favourite retailer, we’re comfortable with shopping carts, instant payments and the resulting notifications via email or SMS. However when it comes to business, flexible digital payments aren’t as commonplace. This is changing...
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May
19
There’s a lot to worry about in business these days. Easy payment options for your customers shouldn’t be one of them. Businesses continue to accelerate their pace of digital adoption. Compounded by the global pandemic, digital transformation projects are now top priority for many. If not already offered, providing...
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May
19
CreditorWatch Collect is making it even easier for small and medium businesses to get paid and get paid fast. With the launch of our new payment portal, CreditorWatch Collect users can now seamlessly integrate ‘pay now’ buttons and payment links into email and SMS reminders. A recent survey found that...
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Apr
11
Automated SMS reminders are a great tool for accounts receivables teams. As a communications channel, SMS has an open rate of 98%. Far higher than email (which averages around 20-30% depending on industry and email type). It’s also an incredibly easy channel to add to your automated accounts receivable software....
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Apr
04
Are you currently assessing accounts receivables automation tools? Buying and implementing new software often starts out with a bang. A few months later though, a different story. Here's our guide on how to best to assess them. It includes handy questions to ask so you can be confident in purchasing...
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Mar
24
Late payments are nothing new. Often they seem to be an accepted part of doing business. So, how can you actually get paid faster? In this article, we’ve put together our top tips to break the cycle and get your invoices paid faster. 1. CUSTOMER RELATIONSHIPS: Good customer relationships really...
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Mar
07
Growing a business and getting more value from your efforts isn’t all about adding new clients. The adage that it’s easier to retain current clients than attract new ones, is still true. Being able to increase your average customer value will not only mean that your bank account looks healthier,...
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Feb
17
For many small businesses, particularly those in rapid growth or experiencing hard times, managing accounts and debtors is a chore at the bottom of a large list. It’s important, but nearly always comes second (or third, fourth, fifth…) to generating sales, following up leads, delivering the actual product or service....
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Jan
24
Bookkeepers (and accounting firms who offer bookkeeping services), are perfectly positioned to add credit control as a core service. However many still shy away from this. It’s often dismissed as something too hard to implement or too time consuming once up and running - others simply haven’t even considered it....
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Jan
17
With the difficulties that 2020 and 2021 brought business, it’s clear that implementing smart technology will be a key priority for finance leaders across 2022. In this post, CreditorWatch Collect looks at five key trends we’re predicting in accounts collections this coming year. Increasing automation In a recent survey PWC...
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