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How to Effectively Manage Short Payments: Strategies, Best Practices, and Solutions

EBizCharge

Here’s a list of the six steps to write a short payment: Begin with a formal greeting: Address the recipient professionally by name or business name. Reference invoice details: Specify the invoice number and the original payment amount. Regularly review AR processes: Keep AR processes aligned with industry standards.

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What ‘Work From Home’ Means For Paper-Based AR Departments

PYMNTS

.” While COVID-19 may jumpstart some conversations about organizations’ abilities to adopt electronic payments and cloud-based financial processes, digitization is not the silver bullet to process inefficiencies, whether it’s during a pandemic or not. Lockbox Data Headaches.

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Recurring Billing: Definition, How it Works, and Best Practices

Stax

By the end of this guide, you’ll have `a clear overview of its operational framework, strategic benefits, best practices, and advanced strategies to maximize this powerful, rapidly rising payment tool. They should include detailed explanations of billing cycles, payment amounts, renewal policies, and cancellation procedures.

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Bringing Debt Management Into The Digital Age 

PYMNTS

Moreover, while the mobile financial era has created all kinds of tools to help consumers better understand and manage their finances, the area of debt management has critically lagged behind. One early beta tester, Pillar , is focused on addressing the student debt crisis by consolidating loans and payments in one place.

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Why SMEs Are Causing The Banks So Much Pain

PYMNTS

A small business can easily use a consumer bill pay tool to pay an invoice. But as the company grows, it may want to pay two invoices at once and specify that one payment amount is for Invoice A, with a different amount for Invoice B. Kriplani pointed to a very basic banking solution to illustrate this point. ”

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Building Vendor Trust With Virtual Cards

PYMNTS

Businesses that fail to make payments to suppliers or vendors in a timely fashion risk alienating partners and stalling projects. . Having the right payment tools is therefore as important as having the right trucks, saws and jackhammers. Once it has been used, it cannot be used again.” .

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Credit Card Payments With Pedals

PYMNTS

and discussed why many of his drivers are adopting mobile payment tools and what he sees in the future for the two-wheeled transportation industry. Unlocking more pricing and payment options. Drivers are free to accept any kind of payment amount they wish for each ride. Technology, however, is changing that.