For cash application, the emergence of electronic payments has actually made the process more difficult. In this blog we break down three common cash application challenges AR teams face and how you can solve them with automation.
Sales discounts is a great way to incentivize early payments. But, managing and accounting for them can mean added work for your finance team. Here are 4 ways you can better enable your team to manages sales discounts and drive efficiencies.
It’s no secret that your collections process can be incredibly mundane, leaving your finance team unmotivated to complete their work each day. We’ve assembled eight strategies we recommend when looking towards collections automation.
I made the life-changing decision six years ago to move to Toronto from China for my education. It should come as no surprise then that I’m someone who loves taking on new adventures and challenges—and my co-op term with Versapay was just that.
Virtual cards are a payment method that has a positive impact for the buyer but often a negative impact for the supplier. So how can we make virtual cards a positive experience for everyone?
What’s the value of a modern payment portal with no end-user adoption? The answer is – not a whole lot. Adoption is the key to success. In this blog we give you our top 4 pieces of advice for driving adoption of your new payment solution.
What options are there for suppliers who wish to maximize the benefits of traditional COD, without sacrificing anything from their current collections process? Enter ‘Electronic Cash on Delivery’, or eCOD.
COD is a valuable payment acceptance method for some suppliers but as this year’s call to work remotely, or to be socially distant if you do have to work on premises has taught us, providing payment at time of delivery isn’t always safe and it isn’t always possible.
Understanding internal systems processes is not easy. Most organizations today have complex structures in place, each with several processes for their varying business units which makes managing and tracking movement within a company incredibly demanding.
As mentioned in our last blog, choosing the right SaaS solution to transform your accounts receivable and finance function requires more than a comparison of features and prices. When changing a part of your business that impacts the three most important areas – people, cash, customers – organizations need to choose a vendor that is […]