Leading B2B companies recognize the benefits of increasing their credit card acceptance from their customers. Doing so accelerates cash flow, reduces DSO, and can be leveraged to address aging receivables. Giving your business customers the opportunity to pay their invoices sooner via credit card reduces the order to cash cycle, and places the work of entering those payments back to your customers. In this portion of our video case study series with Progress Software, hear from Senior Manager Credit and Collections, Vincent Byrne on the benefits B2B companies can expect when increasing their credit card acceptance as a business grows. Historically, credit managers and financial executives have tried to simply reduce or eliminate the fees associated accepting credit cards, but here you will understand how accepting credit cards carries the lowest cost over any other method, and drives the greatest value for the business by helping to receive payments sooner, avoid write-offs, and lower the number of “over 90” and problem accounts.
Learn more about how EVO B2B works with leading companies like Progress Software through the rest of the video case study series.
- Case Study Overview
- How To Reduce Your DSO
- Benefits of Using a Virtual Terminal for B2B Companies
- Payment Integrations
- Accounts Receivables Efficiency Gains