INTRODUCTION Whenever you use a credit card, pay with a check or use ACH, it seems pretty simple. The transaction goes through and the money is then withdrawn from your account. However, understanding the inner workings of electronic invoice presentment and payment is not easy. In addition, many don’t realize that having a better understanding
INTRODUCTION The Credit Research Foundation estimates that only 20% of credit departments have formalized policies. Many companies struggle to formalize policies due to ad-hoc credit management from salespeople, lack of critical financial information, or simply due to time constraints and higher priority projects. The goal for a Credit Plan is to clearly define these credit
INTRODUCTION Despite recent advances in technology that have been able to link almost every application together, a majority of businesses are still using spreadsheets and highlighters to manage their accounts receivable. This creates disparate, static information that is impossible to keep track of. There’s a better way to manage accounts receivable. This whitepaper covers 17
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