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

EBizCharge

Deduction codes: Utilize deduction codes to efficiently track early payment discounts, promotions, and other valid reasons for short payments. Businesses can pair these best practices with various software tools to enhance their short payments.

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Wells Fargo Debuts Digital Supplier Payment Tool

PYMNTS

In the Wells Fargo release, Mary Mazzochi , senior vice president and manager of the Commercial Card product suite at Wells Fargo, said: “It’s important we continue to introduce simple ways to help our customers transition to new digital payment strategies by using products and channels they are already familiar with.

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Creating the Faster Payments Tools to Combat Complexity

Faster Payments Council

It's a primary reason we partnered with Nacha's Payments Innovation Alliance (PIA) to launch the Faster Payments Playbook. The Playbook, which is an online educational platform, encourages adoption of faster payments by helping banks and credit unions develop and launch a faster payments strategy.

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Trucking Payments Tools That Are In It For The Long Haul

PYMNTS

It is often too risky for drivers to carry large amounts of cash, but other payment tools can be problematic as well. Deep Dive: Redesigning Corporate Payments For Gen Z And Millennial Consumers. Gig workers aren’t the only ones reshaping the economy and forcing businesses’ payments strategies to change in response.

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eNett Adds Currencies To X-Border B2B Payments Tool

PYMNTS

International payments strategy should be a high priority for travel companies, with many still paying more on international transactions than necessary.”. With FX options designed to lower costs, and local funding and settlement avoiding charges, small changes can result in huge savings,” he continued.

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Virtual-Card Adoption – Not An ‘All-Or-Nothing’ Strategy

PYMNTS

” Mixing Payments Tools. As CFOs move forward in their payments digitization strategies, migrating away from paper checks is of utmost importance, particularly in today’s touchless world. . There are several strategies finance and AP teams can take to migrate as much spend as possible to v-cards.

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Oiling The Many Moving Parts Of Cash Flow Management

PYMNTS

The problem with this strategy, however, is that when every company is looking get paid more quickly but pay their own invoices later, B2B buyers and vendors quickly find themselves in a position in which their own cash flow goals contradict each other.

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