5 Ways Your Finance Team Can Stay on Top of its Receivables Today

The End of Economic Prosperity As reported by the International Monetary Fund, the United States is now in the worst economic downturn since the Great Depression. Unemployment, retail sales, economic output and industrial production are all at record numbers. In this time, it is critical for organizations to recognize the severity of the current situation, […]

The Risks of Not Accepting Electronic Payments

The present economic environment is leading organizations around the world to make stark realizations about their current business processes. Of particular concern, business leaders are learning how unsustainable traditional payment methods like checks and lockboxes can be, and they are looking for new ways to enhance or replace their existing systems to bring continuity to […]

Streamline Your Collections with AR Automation

The current global environment has turned ordinary business on its head, forcing companies to come up with creative solutions to adapt to the rapidly evolving and uncertain economic climate. For those businesses that rely on a manual collections process, this puts a wrench in an already tedious and time-consuming undertaking. With remote work expected to […]

Transitioning Your Invoicing From Paper to Electronic

Remote working brings about many challenges for organizations and the AR department is no exception. For businesses that rely heavily on manual and paper-based processes, the current situation will be especially tough. With economic uncertainty the only certainty at the moment, it’s important for finance leaders to make the necessary changes now, in order to […]

Advice to Distributors For Managing Industry Disruptions

Examining all 19 wholesale distribution sectors, recent research from MDM paints a picture of a selling environment where consumer and government spending are keeping the economy healthy, but where manufacturing continues to soften. Annual revenue changes for the industry overall represented 1% growth in 2019 versus 2018. “We’re expecting a rebound in activity in 2020,” Indian River […]

Great Hill Partners and VersaPay Corporation Announce Closing of Acquisition

BOSTON and TORONTO, Feb. 21, 2020  – Great Hill Partners (“Great Hill”), a leading growth-oriented private equity firm, and VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a market leading provider of a SaaS accounts receivable, invoicing and integrated payments technology platform serving B2B customers, today announced the successful completion of the previously announced acquisition of VersaPay by an affiliate of Great Hill, […]

8 Ways for Distributors to Preserve Cash Flow in a Slowing Economy

What is Cash Flow? The total amount of money received and doled out over a given period (usually a quarter), cash flow can either be positive or negative. Positive cash flow indicates that a company’s liquid assets are increasing, enabling it to settle debts, reinvest in its business, return money to shareholders, pay expenses and […]

Are You in The Best Position to Ride Out the Economic Downturn and Come Out Stronger?

125 Months of Positive Growth Since emerging from the grips of the Great Recession in 2009, the U.S. economy has been in growth mode. After contracting sharply in the Great Recession, the economy began growing in mid-2009, following enactment of the financial stabilization bill (Troubled Asset Relief Program or TARP) and the American Recovery and […]

In A Slowing Economy, What Can Distributors Do To Prepare?

Operating capital is the lifeblood of any organization and one of the key factors that keep companies running in both smooth and challenging economic conditions. When a distributor has cash flow, it can make payroll, pay its suppliers, keep the lights on and even manage the unexpected costs of running a business. Without this financial […]

4 Common Accounts Receivable Mistakes to Avoid

Managing accounts receivable (AR) could be a daunting task, especially when one mistake you make can potentially jeopardize the entire relationship you’ve built with your customers. If you have managed your company’s AR for a long time, you may have learned all the lessons already. But if you’re new in the role, it’s always better […]