SaaS and PaaS applications may benefit by becoming a Payment Aggregator or PayFac. How can you benefit and is Payment Aggregation the right fit for your application. Discover more regarding becoming a Payment Aggregator.
Having an array of trustworthy alt-fin options, like Crest Hill Capital and Mantis Funding, to look forward to, has boosted and sustained many SMEs. With heavy collateral's and sky-high credit score requirements, it is notoriously difficult for startups to avail funding from traditional banks. Visit @ https://sites.google.com/view/cresthillcapitalreviews/financial-solutions
Operational leaders must focus on empowering frontline teams by ensuring their time is spent acquiring and retaining customers. As sales operations executives, they must have a holistic view of the business through metrics and data insights to develop strategies. By communicating data stories, operational leaders can empower teams at all levels. Building strong relationships across functions helps enable consistent operational excellence. An empowered deal desk can increase efficiency by streamlining approvals, pricing, and contracts to keep deals moving forward.
Ten slides in Ten minutes - a Perspective on Global Bid ManagementBill Graham CP.APMP
The presentation discusses the importance of sustainable long-term client relationships and strategic planning in bid management. It defines bid management as enabling clients to obtain value from a service provider's proposed solutions. However, bid management can become ineffective if large corporations have too many layers of administration and lack local knowledge. The presentation recommends flattening structures to allow more national decision-making, using analytics to identify growth opportunities, and crafting value propositions that support client business sustainability.
The document discusses strategies for engineering a successful business. It notes that most business plans lack real strategy and companies focus more on managing income than creating customer value. Fewer than 10% of strategies are successfully implemented. It recommends improving your offering by ensuring it matches customer needs and motivations. Companies should analyze their market share, competition, managerial effectiveness, and regulatory environment. Creating a dynamic business requires defining a vision, understanding current reality, and outlining action steps in a cycle of growth. Coaching, resources, execution, results, and ongoing feedback are key to implementing strategies successfully.
Closing it: Ten Q3 Essentials for Federal Q4 WinsJudy Bradt
For Federal contractors who want to win more business, get tips and a success story from #tagence that shows how to turn $10K pilot program into $1 million contract. Hosted by #JudyBradt Worksheet available: pm me at judy.bradt@summitinsight.com
This document discusses a partnership between MainStreet Bank and PrecisionLender to implement PrecisionLender's commercial loan pricing and relationship management software. PrecisionLender's software helps relationship managers price loans, understand client relationships and portfolio profitability, and improve origination workflow. The software provides real-time pricing options, relationship insights, and is powered by an AI assistant named Andi to help relationship managers win deals, build stronger client relationships, and improve portfolio management.
Aligning Omni-Channel Behaviors Across Employees, Partners and CustomersApttus
This document discusses how companies spend over $1 trillion annually on incentives to influence behaviors across employees, partners, and customers. It notes that humans are naturally irrational and incentives are used to motivate behaviors. It promotes the Apttus Incentives solution, which allows companies to align incentive programs for sales compensation, rebates, and promotions across all sales channels through a centralized command center. This helps drive winning multi-channel behaviors and simplify incentives for reliability while ensuring compliance.
Protecting your existing business while innovating takes more than applying Lean Startup principles in your organization. Find out about common mistakes when innovating.
Having an array of trustworthy alt-fin options, like Crest Hill Capital and Mantis Funding, to look forward to, has boosted and sustained many SMEs. With heavy collateral's and sky-high credit score requirements, it is notoriously difficult for startups to avail funding from traditional banks. Visit @ https://sites.google.com/view/cresthillcapitalreviews/financial-solutions
Operational leaders must focus on empowering frontline teams by ensuring their time is spent acquiring and retaining customers. As sales operations executives, they must have a holistic view of the business through metrics and data insights to develop strategies. By communicating data stories, operational leaders can empower teams at all levels. Building strong relationships across functions helps enable consistent operational excellence. An empowered deal desk can increase efficiency by streamlining approvals, pricing, and contracts to keep deals moving forward.
Ten slides in Ten minutes - a Perspective on Global Bid ManagementBill Graham CP.APMP
The presentation discusses the importance of sustainable long-term client relationships and strategic planning in bid management. It defines bid management as enabling clients to obtain value from a service provider's proposed solutions. However, bid management can become ineffective if large corporations have too many layers of administration and lack local knowledge. The presentation recommends flattening structures to allow more national decision-making, using analytics to identify growth opportunities, and crafting value propositions that support client business sustainability.
The document discusses strategies for engineering a successful business. It notes that most business plans lack real strategy and companies focus more on managing income than creating customer value. Fewer than 10% of strategies are successfully implemented. It recommends improving your offering by ensuring it matches customer needs and motivations. Companies should analyze their market share, competition, managerial effectiveness, and regulatory environment. Creating a dynamic business requires defining a vision, understanding current reality, and outlining action steps in a cycle of growth. Coaching, resources, execution, results, and ongoing feedback are key to implementing strategies successfully.
Closing it: Ten Q3 Essentials for Federal Q4 WinsJudy Bradt
For Federal contractors who want to win more business, get tips and a success story from #tagence that shows how to turn $10K pilot program into $1 million contract. Hosted by #JudyBradt Worksheet available: pm me at judy.bradt@summitinsight.com
This document discusses a partnership between MainStreet Bank and PrecisionLender to implement PrecisionLender's commercial loan pricing and relationship management software. PrecisionLender's software helps relationship managers price loans, understand client relationships and portfolio profitability, and improve origination workflow. The software provides real-time pricing options, relationship insights, and is powered by an AI assistant named Andi to help relationship managers win deals, build stronger client relationships, and improve portfolio management.
Aligning Omni-Channel Behaviors Across Employees, Partners and CustomersApttus
This document discusses how companies spend over $1 trillion annually on incentives to influence behaviors across employees, partners, and customers. It notes that humans are naturally irrational and incentives are used to motivate behaviors. It promotes the Apttus Incentives solution, which allows companies to align incentive programs for sales compensation, rebates, and promotions across all sales channels through a centralized command center. This helps drive winning multi-channel behaviors and simplify incentives for reliability while ensuring compliance.
Protecting your existing business while innovating takes more than applying Lean Startup principles in your organization. Find out about common mistakes when innovating.
Adrian Murphy
"FinTech and you"
The term “FinTech” is bandied about a lot these days. But what actually is it?
And why is it important to know about and understand?
Adrian will discuss how technology is disrupting traditional financial services.
He'll show how applications that can analyse current financial situations, cash flow models that can forecast forward throughout your life and new technology led investment strategies are modernising the financial advice offered.
6/3/2011 Anthony Quinn, The Sales Doctor from HubSpot presented at MassTLC's Sales Enablement Summit; Increasing Volume, Velocity & Value through Sales Enablement and Alignment
Cashflow is the most fundamental aspect of measuring and operating any business. A business must consistently take in more cash than it pays out or it will fail. Receivables, inventory, capital, debt, and payables all represent cash that is tied up in the business. Proper management of the timing of cash inflows and outflows is critical, as a business can fail even if other measures look good on paper if it cannot meet its payment obligations. Cashflow is the ultimate measure of success for any business regardless of size.
Invoice factoring is when a company sells its outstanding invoices or accounts receivables to a factoring company in exchange for immediate cash, typically 80-95% of the invoice amount. This provides the company with fast working capital to cover expenses like payroll and supplies. The factoring company then handles all billing and collection efforts, and the company is protected if a client defaults on payment. Invoice factoring can be a good alternative to bank loans for companies that need quick access to cash.
The document discusses building relationships with business owners and providing advice across key areas like finances, growth, cashflow, and succession planning. It notes that few businesses achieve their full potential or have a succession plan. The company offers business advisory services including strategic planning, risk management, and governance support through a team of professionals on a fixed-fee basis with a 10-day turnaround. It encourages referrals from existing clients by providing vouchers and rewards for those who refer new clients.
This document summarizes a cash advance program from Total Merchant Services that provides business owners capital for projects, improvements, or expansion plans. It is not a loan but an advance based on future credit card sales, which the business pays back by allowing TMS to take a small percentage of daily credit card transactions. This allows TMS to be paid more if business is booming or less if sales are slow, while providing the business with upfront money to expand freely without fixed payments, restrictions, collateral, or bank fees.
TAS Smart Account Manager helps you maximize revenue from key accounts by applying automation and intelligence so it is easy to adopt account planning and management as part of your company's processes. Use the Opportunity Map to gain a picture of current status and 'white space' areas to explore for potential business. Align your opportunities with the customer's goals using the Value Map. The Strategy Map provides insight to the customer's business goals and Political Map plots the power structure. Using TAS Software's analysis and advice, the account team can work together to execute the account strategy to maximize the revenue from each account.
DAC provides small business loans to help businesses grow, using cash flow rather than just credit scores to evaluate applications. Loans from $20,000 to $250,000 can be used for inventory, equipment, staffing, marketing, and are repaid over 6 to 18 months with fixed payments processed daily or weekly. With over $5 billion loaned, DAC can assist small businesses nationwide in obtaining the capital needed to expand.
The document discusses trends affecting CEOs and businesses in the "New Normal" economic environment, including consumer trends toward short-term thinking, brand loyalty, and mobile purchasing, as well as marketing trends like emotional branding and reputation management. It also outlines business operations trends like green initiatives, crowdsourcing, and evolving sales models. The document recommends that CEOs deepen their understanding of problems, transform their approach from the outside-in, avoid resistance to change, and take on strategic leadership roles to lead their businesses in the New Normal.
This document discusses PrecisionLender, a company that provides software solutions to help banks better manage pricing, understand relationship profitability, and construct credit portfolios. It describes PrecisionLender's services, clients, and how its software fits into and enhances various bank functions like sales, credit underwriting, portfolio management, and more. It also introduces Andi, PrecisionLender's virtual pricing analyst powered by artificial intelligence.
Ian Warrilow is a managing director who specializes in business strategy. He discusses how businesses can survive and thrive during an economic downturn. To reduce costs, he recommends analyzing expenses, renegotiating non-essential services, and making difficult staffing decisions. To increase sales, he suggests getting referrals, showcasing your business at events, and ensuring all clients use your full range of services. For future success, focus on high-value relationships, differentiate your business through interest in clients, and add value by making their lives easier with information and solutions.
This is a presentation on "The Byke Hospitality Ltd.,". It is not a stock recommendation. It is a case study on how I pick stocks. The facts presented are as on 1st July, 2017. I hold this stock in my portfolio.
This document provides an overview of business valuation basics. It discusses that valuation is typically calculated using a cash flow multiplier approach, where cash flow (usually EBITDA) is multiplied by an appropriate multiplier based on factors like growth potential and management quality. The multiplier is the inverse of the discount rate. For small private businesses, the multiplier is typically around 2.38, equivalent to a 42% discount rate. The document also outlines what different types of buyers (financial, investment, strategic) are looking for in a small business acquisition.
This document discusses PrecisionLender's partnership with Customers Bank. It provides an overview of PrecisionLender, describing them as a company that designs solutions to help banks manage pricing, understand relationship profitability, and construct better credit portfolios. It summarizes PrecisionLender's key technologies and how they drive quantitative and qualitative benefits across the deal lifecycle, from new business development to ongoing portfolio management. It also describes the tools and features available to relationship managers through PrecisionLender, including options for improving deals, understanding relationship profitability, and gaining assistance from their virtual pricing analyst, Andi.
CREATING CUSTOMER-CENTRIC PRODUCTS USING BIG DATA - KRITI SHARMABig Data Week
Kriti is the Global Head of Product, Real-time Big Data Analytics at Barclays where she drives Open Source and also focuses on emerging markets such as Africa. She recently led Product Management for the award winning Mobile Payments app Barclays Pingit. Kriti is a Google Grace Hopper Scholar, Govt. of India’s Young Leader in Science, Anita Borg Institute’s Pass-it-on Award winner, Rajiv Gandhi Scholar, has served on a Research and Leadership Programme initiated by the Head of the Scientific Advisory Council to the Prime Minister of India and currently sits on the Google Anita Borg Panel to promote Computer Science to women.
Kriti also focuses on driving Open Data Collaboration across retail, healthcare and financial services.
A startup consultant can help new businesses avoid common mistakes through planning, support, and advice. A consultant will provide skills training so the business can progress independently over time. They will help establish the business structure, identity, branding, and strategy to transform an idea into a successful enterprise. In addition, the consultant's experience and connections can facilitate valuable introductions to partners and vendors crucial for the startup's success.
Top 9 Tips for Selling IT Consulting Services and Gaining New ClientsSP Home Run Inc.
Are you trying to get better at selling IT consulting services? Do you need to systematically gain more new customers and clients? If so, then flip through this slide deck now to learn 9 tips that help you when trying to sell IT consulting services and gain new customers and clients. Copyright (C) SP Home Run Inc.
This document summarizes the services provided by a business finance consultant. It states that a consultant can access over 100 funding sources to obtain loans, leases, and other financing for businesses. In contrast, banks typically only have one funding source. The consultant seeks the best funding terms and works on a contingency basis without charge unless financing is obtained. Their services include obtaining various types of business loans, equipment financing, factoring of accounts receivable, and leasing options.
With growth slowing and cash getting tighter, now is the time to reduce the working capital tied up in receivables.
In the first of two China papers we focus on reducing trading risk and freeing up cash from receivables. In the second, we suggest that uncertainty can be exploited to grow market share and profitability.
The Complete Small Business Owner's Guide to Managing Money, Time, and TalenteCapital
This document provides tips and guidance for small business owners on managing money, time, and talent. It covers various topics:
1. Money management tips including having a business plan, marketing plan, cash on hand, and willingness to hire for weaknesses.
2. Time management tips such as organizing, prioritizing, focusing, and delegating. Getting time back involves minimizing distractions, avoiding low-value customers, and dedicating time each day to strategic planning.
3. Hiring tips including defining needs, affording employees, and knowing when to invest in top talent.
Throughout, it shares advice from experts on maintaining financial stability, leveraging technology, overcoming common mistakes, and boosting
Adrian Murphy
"FinTech and you"
The term “FinTech” is bandied about a lot these days. But what actually is it?
And why is it important to know about and understand?
Adrian will discuss how technology is disrupting traditional financial services.
He'll show how applications that can analyse current financial situations, cash flow models that can forecast forward throughout your life and new technology led investment strategies are modernising the financial advice offered.
6/3/2011 Anthony Quinn, The Sales Doctor from HubSpot presented at MassTLC's Sales Enablement Summit; Increasing Volume, Velocity & Value through Sales Enablement and Alignment
Cashflow is the most fundamental aspect of measuring and operating any business. A business must consistently take in more cash than it pays out or it will fail. Receivables, inventory, capital, debt, and payables all represent cash that is tied up in the business. Proper management of the timing of cash inflows and outflows is critical, as a business can fail even if other measures look good on paper if it cannot meet its payment obligations. Cashflow is the ultimate measure of success for any business regardless of size.
Invoice factoring is when a company sells its outstanding invoices or accounts receivables to a factoring company in exchange for immediate cash, typically 80-95% of the invoice amount. This provides the company with fast working capital to cover expenses like payroll and supplies. The factoring company then handles all billing and collection efforts, and the company is protected if a client defaults on payment. Invoice factoring can be a good alternative to bank loans for companies that need quick access to cash.
The document discusses building relationships with business owners and providing advice across key areas like finances, growth, cashflow, and succession planning. It notes that few businesses achieve their full potential or have a succession plan. The company offers business advisory services including strategic planning, risk management, and governance support through a team of professionals on a fixed-fee basis with a 10-day turnaround. It encourages referrals from existing clients by providing vouchers and rewards for those who refer new clients.
This document summarizes a cash advance program from Total Merchant Services that provides business owners capital for projects, improvements, or expansion plans. It is not a loan but an advance based on future credit card sales, which the business pays back by allowing TMS to take a small percentage of daily credit card transactions. This allows TMS to be paid more if business is booming or less if sales are slow, while providing the business with upfront money to expand freely without fixed payments, restrictions, collateral, or bank fees.
TAS Smart Account Manager helps you maximize revenue from key accounts by applying automation and intelligence so it is easy to adopt account planning and management as part of your company's processes. Use the Opportunity Map to gain a picture of current status and 'white space' areas to explore for potential business. Align your opportunities with the customer's goals using the Value Map. The Strategy Map provides insight to the customer's business goals and Political Map plots the power structure. Using TAS Software's analysis and advice, the account team can work together to execute the account strategy to maximize the revenue from each account.
DAC provides small business loans to help businesses grow, using cash flow rather than just credit scores to evaluate applications. Loans from $20,000 to $250,000 can be used for inventory, equipment, staffing, marketing, and are repaid over 6 to 18 months with fixed payments processed daily or weekly. With over $5 billion loaned, DAC can assist small businesses nationwide in obtaining the capital needed to expand.
The document discusses trends affecting CEOs and businesses in the "New Normal" economic environment, including consumer trends toward short-term thinking, brand loyalty, and mobile purchasing, as well as marketing trends like emotional branding and reputation management. It also outlines business operations trends like green initiatives, crowdsourcing, and evolving sales models. The document recommends that CEOs deepen their understanding of problems, transform their approach from the outside-in, avoid resistance to change, and take on strategic leadership roles to lead their businesses in the New Normal.
This document discusses PrecisionLender, a company that provides software solutions to help banks better manage pricing, understand relationship profitability, and construct credit portfolios. It describes PrecisionLender's services, clients, and how its software fits into and enhances various bank functions like sales, credit underwriting, portfolio management, and more. It also introduces Andi, PrecisionLender's virtual pricing analyst powered by artificial intelligence.
Ian Warrilow is a managing director who specializes in business strategy. He discusses how businesses can survive and thrive during an economic downturn. To reduce costs, he recommends analyzing expenses, renegotiating non-essential services, and making difficult staffing decisions. To increase sales, he suggests getting referrals, showcasing your business at events, and ensuring all clients use your full range of services. For future success, focus on high-value relationships, differentiate your business through interest in clients, and add value by making their lives easier with information and solutions.
This is a presentation on "The Byke Hospitality Ltd.,". It is not a stock recommendation. It is a case study on how I pick stocks. The facts presented are as on 1st July, 2017. I hold this stock in my portfolio.
This document provides an overview of business valuation basics. It discusses that valuation is typically calculated using a cash flow multiplier approach, where cash flow (usually EBITDA) is multiplied by an appropriate multiplier based on factors like growth potential and management quality. The multiplier is the inverse of the discount rate. For small private businesses, the multiplier is typically around 2.38, equivalent to a 42% discount rate. The document also outlines what different types of buyers (financial, investment, strategic) are looking for in a small business acquisition.
This document discusses PrecisionLender's partnership with Customers Bank. It provides an overview of PrecisionLender, describing them as a company that designs solutions to help banks manage pricing, understand relationship profitability, and construct better credit portfolios. It summarizes PrecisionLender's key technologies and how they drive quantitative and qualitative benefits across the deal lifecycle, from new business development to ongoing portfolio management. It also describes the tools and features available to relationship managers through PrecisionLender, including options for improving deals, understanding relationship profitability, and gaining assistance from their virtual pricing analyst, Andi.
CREATING CUSTOMER-CENTRIC PRODUCTS USING BIG DATA - KRITI SHARMABig Data Week
Kriti is the Global Head of Product, Real-time Big Data Analytics at Barclays where she drives Open Source and also focuses on emerging markets such as Africa. She recently led Product Management for the award winning Mobile Payments app Barclays Pingit. Kriti is a Google Grace Hopper Scholar, Govt. of India’s Young Leader in Science, Anita Borg Institute’s Pass-it-on Award winner, Rajiv Gandhi Scholar, has served on a Research and Leadership Programme initiated by the Head of the Scientific Advisory Council to the Prime Minister of India and currently sits on the Google Anita Borg Panel to promote Computer Science to women.
Kriti also focuses on driving Open Data Collaboration across retail, healthcare and financial services.
A startup consultant can help new businesses avoid common mistakes through planning, support, and advice. A consultant will provide skills training so the business can progress independently over time. They will help establish the business structure, identity, branding, and strategy to transform an idea into a successful enterprise. In addition, the consultant's experience and connections can facilitate valuable introductions to partners and vendors crucial for the startup's success.
Top 9 Tips for Selling IT Consulting Services and Gaining New ClientsSP Home Run Inc.
Are you trying to get better at selling IT consulting services? Do you need to systematically gain more new customers and clients? If so, then flip through this slide deck now to learn 9 tips that help you when trying to sell IT consulting services and gain new customers and clients. Copyright (C) SP Home Run Inc.
This document summarizes the services provided by a business finance consultant. It states that a consultant can access over 100 funding sources to obtain loans, leases, and other financing for businesses. In contrast, banks typically only have one funding source. The consultant seeks the best funding terms and works on a contingency basis without charge unless financing is obtained. Their services include obtaining various types of business loans, equipment financing, factoring of accounts receivable, and leasing options.
With growth slowing and cash getting tighter, now is the time to reduce the working capital tied up in receivables.
In the first of two China papers we focus on reducing trading risk and freeing up cash from receivables. In the second, we suggest that uncertainty can be exploited to grow market share and profitability.
The Complete Small Business Owner's Guide to Managing Money, Time, and TalenteCapital
This document provides tips and guidance for small business owners on managing money, time, and talent. It covers various topics:
1. Money management tips including having a business plan, marketing plan, cash on hand, and willingness to hire for weaknesses.
2. Time management tips such as organizing, prioritizing, focusing, and delegating. Getting time back involves minimizing distractions, avoiding low-value customers, and dedicating time each day to strategic planning.
3. Hiring tips including defining needs, affording employees, and knowing when to invest in top talent.
Throughout, it shares advice from experts on maintaining financial stability, leveraging technology, overcoming common mistakes, and boosting
Should your Small Business Use an Online CRM?Loretta Jones
Many small and medium sized businesses shy away from using a customer relationship management (CRM) system because they think it's too complicated or it it won't add value. Neither is the case, and CRMs can add value to businesses of all sizes. On average a CRM delivers over $8 on every 1$ spent. If you're a business owner, how can you ignore that kind of return? Unfortunately, it seems that many folks are ignoring it, because according to a survey by discovery.org only 47% of businesses are using a CRM. Moral of the story, if you're not using a CRM, get on it!
The ultimate-blueprint-to-achieve-your-key-account-goals-in-2019-finalDemandFarm
The Ultimate Blueprint To Achieve Your Key Account Goals In 2019 (With Bonus Content)
Are you looking to increase your ROI and be a winner in the field of key account management?
1
Learn the strategies that will hold true for key account management in 2019. Stay at the top of your game.
2
Effectively increase your bottom line and create long-term value within your key accounts.
3
Explore the exciting bonus content available inside on mistakes to stay clear of and definition of Key account management.
Embark on a transformative journey with our latest eBook, "Revolutionize Your Finances," your go-to guide for unlocking the full potential of Accounts Receivable Automation Software.
Get Your Copy Today and Elevate Your Financial Game! 🌟
[Free Guide] Keys to Successful Project Management and Growth for Agencies Mohamed Mahdy
This document discusses challenges that professional services agencies face in scaling their businesses, including commoditization of services, competition for talent, and difficulties generating new business. It emphasizes the importance of project management and time tracking for agencies to understand employee productivity, project profitability, and make informed hiring decisions. The document promotes Vorex's online project management platform as a solution to provide agencies visibility into these key business metrics and help manage complexity as they grow.
When it comes to scrutinizing costs, most insurance companies can say “Been there, done that. Got the t-shirt.” Managers are familiar with the refrain from above to trim here and cut there. The typical result is flirtation with the latest management trends like lean, outsourcing and offshoring, and others. However, the results tend to be the same. Budgets reflect last year’s spend plus or minus a couple of percent in the same places.
Credit management involves qualifying customers for credit, monitoring payments, collecting outstanding invoices, and resolving disputes. It begins with assessing customer creditworthiness by evaluating financial condition and setting credit limits. Several factors are considered such as financial condition, credit score, and current obligations. Competent credit management also protects customers from excessive debt. After establishing limits, accurate invoices must be sent with reasonable payment periods to allow for review and resolution of any issues. Efficient credit management benefits all parties by providing assurance that invoices will be paid and allowing customers to build strong credit references.
Restructuring Business Debt - Practical Strategies from Banker's UJohn DeGaetano
A practical action plan and other things to consider in restructuring business debt
For book purchase, licensing for the stage or more information please visit our website.
Watch video: http://youtu.be/bBvlJYTpW5g
Available on Amazon from John DeGaetano Productions
http://www.amazon.com/author/johndegaetano
http://www.johndegaetanoproductions.com
E book puttingthecustomer_atthecenter_accountplanningstrategies_togrowrevenue...zubeditufail
The document discusses account planning strategies for growing revenue by putting the customer at the center. It emphasizes understanding each customer as a complex marketplace and developing long-term business relationships through collaborative account planning. Key elements of effective account planning include researching customers, competitors, and one's own company for insights; treating every customer interaction as a promise to benefit the customer; and focusing on customer satisfaction, retention, and growth over the long run.
Best practices-b2 b-collection-managementJohn Metzger
This document provides best practices for B2B accounts receivable collection strategies. It discusses leveraging technology like a SaaS collection system to automate workflows and prioritize accounts. Key performance indicators like days sales outstanding and bad debt percentages should be monitored. A written credit and collection policy along with billing options like electronic invoicing can improve cash flow. Collection practices should prioritize strategies based on risk, payment history, cash goals or delinquency reduction. Technology, metrics, policies and prioritizing accounts are presented as ways to optimize the collection process.
This document provides tips for businesses to remain profitable and competitive during an economic downturn. It recommends minimizing infrastructure costs by outsourcing non-core functions like email servers to reduce expenses. Outsourcing email reduces initial hardware costs and ongoing expenses through shared resources. It also improves reliability, disaster recovery, and regulatory compliance. The document stresses focusing on the bottom line over revenue by cutting unnecessary expenses and prioritizing profitable areas to survive downturns.
Most companies rely on a small number of key accounts for the majority of their revenue. Developing a key account management (KAM) program is important for retaining these important customers and increasing business from them. The document provides tips for developing a successful KAM program, including being clear on objectives, committing appropriate resources, appointing and training key account managers, and gaining executive support. It also notes that while KAM programs are important, many fail or require changes, so careful planning and ongoing evaluation is needed.
This white paper discusses how outsourcing early stage receivables (those under 60 days past due) to the right partner can help mid-sized businesses improve their cash flow. It notes that collecting on accounts before they reach 60 days past due significantly increases the chances of payment. The paper outlines benefits of outsourcing like better collection results at lower cost, retaining customer relationships, and access to expert knowledge. It stresses the importance of carefully selecting a partner with receivables management as its core business that can provide customized solutions and meaningful reporting.
Everything You Need to Know About Virtual Credit CardsRon Griswold
Once seen as a banking commodity, e-payables continues leaning toward tech-minded companies for stronger results.
One provider in particular continues to out-pace all others by focusing on integrating with any software and enrolling 3x more vendors than the rest of the market.
Unlocking the Power of Cash Flow: A Comprehensive Guide to Accounts Receivabl...M1xchange
As a business owner, managing cash flow is crucial to keep your operations running smoothly. One of the ways to improve cash flow is through accounts receivable financing. This financing option allows you to use your outstanding invoices to secure a loan, giving you access to cash that would otherwise be tied up in your accounts receivable.
Small Business Survival Guide: 28 tips to unlock you own success story [eBook]Line//Shape//Space
The document provides tips for small business survival organized into chapters on management, money, operations, marketing, clients, and growth. Some key tips include having a business plan with SMART goals, differentiating your business, managing your time well through delegation, embracing social media and developing a strategy, understanding customers well, and staying in touch with clients between projects. The overall message is that small businesses can succeed by focusing on the fundamentals of good management, financial practices, operations, marketing themselves effectively, serving customers, and planning for growth.
The document discusses applying portfolio management techniques used for loan portfolios to customer relationship management (CRM). It argues that customers can be viewed as bonds that generate cash flows for a company through repeat purchases and visits. This view of CRM as portfolio management aims to keep customers engaged over the long term to maximize their lifetime value. Key aspects of applying this approach include measuring CRM success longitudinally using metrics like repeat purchase rates, predicting customer behavior with loyalty models, and using analytics to determine the most valuable customer states to target with marketing.
This document summarizes a presentation on investor readiness for technology ventures. Key points discussed include how to prepare a company for fundraising, balancing high valuations with investor protection, structuring relationships between stakeholders, trends in technology M&A, and the importance of legal organization during growth. Research shows venture capital funding increasingly follows global standards and best practices, while relationships depend on management experience, market conditions, investment opportunity, and company development stage.
Instant Payouts for SaaS Platforms and MarketPlace Providers
1-What are Instant Payouts
2-Different types of instant Payouts
3-SaaS platforms and MarketPlace use case
4-SaaS platforms and MarketPlace monetization and customer attraction benefits
5-Instant Payout Risk Mitigation
6-Next Steps
1-What are Instant Payouts?
Instant payouts are a way to pay an employee, contractor, gig worker or marketplace vendor as soon as the job is completed. Instead of having to go through the often laborious and time-consuming accounts payable process (and make the payee wait for their payment), you can make immediate, hassle-free disbursements using recipients preferred payment methods, including bank transfers, push-to-debit-card, virtual credit card and remote printing of a paper check.
For SaaS platforms and MarketPlace providers looking to embed an Instant Payout solution as part of their product offering it is important to understand the various payout options, how “instant” they are and very importantly how Instant payouts can bne used to both attract new platform clients and generate a new payments driven recurring revenue stream.
If your business is currently using Managed Payment Facilitation your PayFac partner should already have or be working on Intant Payouts. It can be difficult to bolt-on Instant Payouts solution to an existing PayFac as a Service solution due to money transmission compliance. Essentially your platform can’t take possession of $ that are due your marketplace participants.
In a business climate where workers, sellers and contracts aren’t always local, getting to grips with the best way to make payouts isn’t easy. For businesses working in the gig economy and marketplaces, understanding and offering instant payouts is critical for success if you’re looking to build loyalty with contractors and gig workers. That’s especially true for those competing for talent in new and existing markets. The ability to offer instant payouts can be the make-or-break factor in your success.
2-Types of Instant Payouts
a-Push to debit card
b-Real-time Payments (RTP)
c-Same-day ACH
d-Virtual Credit Cards
e-Remote check printing
a-Push to debit card
Both MasterCard and Visa offer push to card payments. For all of our payout examples we will use the example of a home service platform that connects independent contractors with homewoenrs. The platform sources the customer and takes payment for the completed job. The platform could say to their independent contractor “You can be paid in 2-4 days, or we can move money now to your debit card”. There is a cost to the platform to do this. As an example we will use $1.00. The platform could say “you can receive your $ within 15 minutes for an added fee”. That fee could be $2 or like QuickBooks, 1%. On a $1000 job the platform could see $9 in revenue.
Instant Payout Solutions for SaaS and MarketPlace Payment PlatformsWayne Akey
SaaS platforms with embedded payments as well as MarketPlace platform with 2-sided commerce can both add an exciting new payment tool. Instant Payouts offer both platforms two major benefits.
The first benefit is that Instant Payouts are a proven client attraction tool. The major players in the gig economy are now all offering instant payouts.Offering a driver or delivery person the ability to be paid 5 minutes after job completion is a competitive differentiator.
The second benefit lies in the ability to create a new recurring revenue stream. Essentially platform participants pay a premium for instant funds access. In some cases it could be a falt $ amount, eg $2. In others a percentage is charged. The platform has a payout cost but there is significant margin potential.
Instant payouts are a way to pay an employee, contractor or gig worker as soon as the job is completed. Instead of having to go through the often laborious and time-consuming accounts payable process (and make the payee wait for their payment), you can make immediate, hassle-free disbursements using recipients preferred payment methods, including bank transfers, push-to-debit-card, virtual credit card and remote printing of a paper check.
1-What are Instant Payouts?
Instant payouts are a way to pay an employee, contractor or gig worker as soon as the job is completed. Instead of having to go through the often laborious and time-consuming accounts payable process (and make the payee wait for their payment), you can make immediate, hassle-free disbursements using recipients preferred payment methods, including bank transfers, push-to-debit-card, virtual credit card and remote printing of a paper check.
For SaaS platforms and MarketPlace provuders looking to embed an Instant Payout solution as part of their product offerings it is important to understand the various payout options, how “instant” they are and very importantly how Instant payouts can bne used to both attract new platform clients and generate a new payments driven recurring revenue stream.
In a business climate where workers, sellers and contracts aren’t always local, getting to grips with the best way to make payouts isn’t easy. For businesses working in the gig economy and marketplaces, understanding and offering instant payouts is critical for success if you’re looking to build loyalty with contractors and gig workers. That’s especially true for those located in another country, or competing for talent in new and existing markets. The ability to offer instant payouts can be the make-or-break factor in your success.
2-Types of Instant Payouts
a-Push to debit card
b-Real-time Payments (RTP)
c-Same-day ACH
d-Virtual Credit Cards
e-Remote check printing
ACH Tokenization - New Rules for handing bank account dataWayne Akey
ACH Tokenization is now mandated for businesses processing ACH Payments. Securing ACH account and routing numbers are now required for ACH transactions. This brings the ACH world into a PCI compliant-like environment
PayFac as a Service: 13 Questions Platforms Must AskWayne Akey
Payment Facilitation as a Service or Payfac as a Service is relatively new. While traditional Payment Facilitation has been around for years, the expense, time consuming implementation and risk exposure makes it prohibitive for all but large organizations with a substantial customer base. The reason for this is that the expense must be offset by revenue from payment processing. Without a significant payments revenue stream it simply does not provide a sufficient ROI.
PayFac as a Service enables platforms to quickly add payments as a revenue generation tool, offer instant boarding and offload compliance and risk management. This is accomplished by allowing the platform to essentially act as a sub Payment Facilitator, using a master PayFac’s technology and experience to quickly go to market and create new revenue streams.
There are multiple providers all with their own API’s and their way of doing things. This can be confusing for platforms looking at the PayFac as a Service option. For the purposes of this discussion we are looking at platforms that primarily have card not present needs. If you are developing a POS solution and need consumer facing hardware these questions are a good starting point but you will need hardware specific questions addressed.
SMS Virtual Terminal or Pay by Text Virtual TerminalWayne Akey
An SMS Virtual or Pay by Text Virtual Terminal offers businesses the ability to communicate with customers as well as take secure compliant payments. 2-way texting offers a better customer experience
Call Centers have challenges around payment processing.
IVR Payment Solutions from AgilePayments can help minimize payment risks. Callers can securely touch or speak sensitive payment data.
ACH payment processing is recommended for recurring payments because it costs 80-90% less than credit cards, has a lower 2% decline rate compared to 12% for cards, provides customers more payment options to encourage auto-pay adoption, creates reliable cash flow through automated payments, and reduces collection costs significantly compared to other payment methods.
Payment Facilitation As A Service allows software platforms to generate revenue from payments and instantly onboard new users by acting as a master merchant account that can set up sub-accounts for end users, allowing them to begin accepting payments via credit, debit cards or ACH after a simple application that takes minutes, without the traditional merchant account onboarding process that can take days and requires documentation.
7 things to look for in a text payment provider are listed: no-code self-service configuration, PCI compliance through stored payment tokens and custom microsites, stored payment methods for a better customer experience, fail-over options like voice or email if text payment fails, 2-way SMS for automated replies and agent assistance, a quality network carrier partner to avoid connection issues ruining the customer experience, and purchasing global phone numbers where customers are located.
This document discusses how businesses can use IVR (interactive voice response) systems and SMS messages to collect and accept late payments from customers over the phone. The most common method is inbound payments, where a customer calls into a company's phone system to make a payment. Outbound methods involve an IVR system placing calls to customers to provide payment details and options. Next generation IVR platforms can also send SMS messages with payment options that customers can respond to or click links to make payments on mobile-optimized microsites. These automated outbound methods can help businesses reduce customer service burdens and costs associated with late payments.
ACH Payment Integration and Client OnBoardingWayne Akey
Software applications that require payment functionality often benefit from adding ACH processing. When onboarding ACH, it is important for the process to be frictionless by collecting onboarding information within the SaaS application instead of leaving the site. An ideal ACH integration partner can supply a single API for both ACH transactions and collecting onboarding data from directly within the SaaS.
ACH API Integration and Recurring PaymentsWayne Akey
While not mandatory, integrating an ACH API is advantageous for applications with recurring payments. Credit card decline rates for recurring payments are typically 15-20%, while ACH declines are much lower. Accepting ACH payments can significantly reduce customer service hours spent collecting new payment details and lower processing costs by thousands of dollars annually for applications with over 1,000 subscribers and a $75 monthly subscription price due to fewer payment declines compared to credit cards.
How do SMS Payment Solutions | Text 2 Pay Solutions Work?Wayne Akey
SMS payments (or “pay by text” payments) are a means of paying for services or goods via a mobile phone text message. The customer typically receives a text prompting them to initiate payment via a website interface or additional text messaging.
How do SMS Payment Solutions | Text 2 Pay Solutions Work?Wayne Akey
SMS payment solutions allow customers to opt-in to receive text messages about their balances and due dates or to pay bills via text. When payments are due, reminder texts are sent to opted-in customers. To pay, customers interact with their phone or a secure website linked in the text. Both the customer and business then receive receipt notifications, and payment reconciliation can be automated if the SMS solution is integrated with the business's management software.
Checking Account Owner Authentication Solutions offer businesses the ability to validate and individual or business owns a checking account. Reduce risk exposure when onboarding making payouts.
Checking Account Owner Authentication Solutions offer businesses the ability to mitigate onbaording and payout risk. By validating an individual or business owned and is authorized to transact on a checking account risk exposure is significantly reduced.
An ACH API offers SaaS platforms the ability to automate payment collection and reconciliation. For recurring payments an ACH payment Options is a must. Find out more at www.AgilePayments.com/ACH-API
Mobile App Development Company In Noida | Drona InfotechDrona Infotech
Drona Infotech is a premier mobile app development company in Noida, providing cutting-edge solutions for businesses.
Visit Us For : https://www.dronainfotech.com/mobile-application-development/
WWDC 2024 Keynote Review: For CocoaCoders AustinPatrick Weigel
Overview of WWDC 2024 Keynote Address.
Covers: Apple Intelligence, iOS18, macOS Sequoia, iPadOS, watchOS, visionOS, and Apple TV+.
Understandable dialogue on Apple TV+
On-device app controlling AI.
Access to ChatGPT with a guest appearance by Chief Data Thief Sam Altman!
App Locking! iPhone Mirroring! And a Calculator!!
Atelier - Innover avec l’IA Générative et les graphes de connaissancesNeo4j
Atelier - Innover avec l’IA Générative et les graphes de connaissances
Allez au-delà du battage médiatique autour de l’IA et découvrez des techniques pratiques pour utiliser l’IA de manière responsable à travers les données de votre organisation. Explorez comment utiliser les graphes de connaissances pour augmenter la précision, la transparence et la capacité d’explication dans les systèmes d’IA générative. Vous partirez avec une expérience pratique combinant les relations entre les données et les LLM pour apporter du contexte spécifique à votre domaine et améliorer votre raisonnement.
Amenez votre ordinateur portable et nous vous guiderons sur la mise en place de votre propre pile d’IA générative, en vous fournissant des exemples pratiques et codés pour démarrer en quelques minutes.
Using Query Store in Azure PostgreSQL to Understand Query PerformanceGrant Fritchey
Microsoft has added an excellent new extension in PostgreSQL on their Azure Platform. This session, presented at Posette 2024, covers what Query Store is and the types of information you can get out of it.
Need for Speed: Removing speed bumps from your Symfony projects ⚡️Łukasz Chruściel
No one wants their application to drag like a car stuck in the slow lane! Yet it’s all too common to encounter bumpy, pothole-filled solutions that slow the speed of any application. Symfony apps are not an exception.
In this talk, I will take you for a spin around the performance racetrack. We’ll explore common pitfalls - those hidden potholes on your application that can cause unexpected slowdowns. Learn how to spot these performance bumps early, and more importantly, how to navigate around them to keep your application running at top speed.
We will focus in particular on tuning your engine at the application level, making the right adjustments to ensure that your system responds like a well-oiled, high-performance race car.
Hand Rolled Applicative User ValidationCode KataPhilip Schwarz
Could you use a simple piece of Scala validation code (granted, a very simplistic one too!) that you can rewrite, now and again, to refresh your basic understanding of Applicative operators <*>, <*, *>?
The goal is not to write perfect code showcasing validation, but rather, to provide a small, rough-and ready exercise to reinforce your muscle-memory.
Despite its grandiose-sounding title, this deck consists of just three slides showing the Scala 3 code to be rewritten whenever the details of the operators begin to fade away.
The code is my rough and ready translation of a Haskell user-validation program found in a book called Finding Success (and Failure) in Haskell - Fall in love with applicative functors.
Measures in SQL (SIGMOD 2024, Santiago, Chile)Julian Hyde
SQL has attained widespread adoption, but Business Intelligence tools still use their own higher level languages based upon a multidimensional paradigm. Composable calculations are what is missing from SQL, and we propose a new kind of column, called a measure, that attaches a calculation to a table. Like regular tables, tables with measures are composable and closed when used in queries.
SQL-with-measures has the power, conciseness and reusability of multidimensional languages but retains SQL semantics. Measure invocations can be expanded in place to simple, clear SQL.
To define the evaluation semantics for measures, we introduce context-sensitive expressions (a way to evaluate multidimensional expressions that is consistent with existing SQL semantics), a concept called evaluation context, and several operations for setting and modifying the evaluation context.
A talk at SIGMOD, June 9–15, 2024, Santiago, Chile
Authors: Julian Hyde (Google) and John Fremlin (Google)
https://doi.org/10.1145/3626246.3653374
Introducing Crescat - Event Management Software for Venues, Festivals and Eve...Crescat
Crescat is industry-trusted event management software, built by event professionals for event professionals. Founded in 2017, we have three key products tailored for the live event industry.
Crescat Event for concert promoters and event agencies. Crescat Venue for music venues, conference centers, wedding venues, concert halls and more. And Crescat Festival for festivals, conferences and complex events.
With a wide range of popular features such as event scheduling, shift management, volunteer and crew coordination, artist booking and much more, Crescat is designed for customisation and ease-of-use.
Over 125,000 events have been planned in Crescat and with hundreds of customers of all shapes and sizes, from boutique event agencies through to international concert promoters, Crescat is rigged for success. What's more, we highly value feedback from our users and we are constantly improving our software with updates, new features and improvements.
If you plan events, run a venue or produce festivals and you're looking for ways to make your life easier, then we have a solution for you. Try our software for free or schedule a no-obligation demo with one of our product specialists today at crescat.io
Microservice Teams - How the cloud changes the way we workSven Peters
A lot of technical challenges and complexity come with building a cloud-native and distributed architecture. The way we develop backend software has fundamentally changed in the last ten years. Managing a microservices architecture demands a lot of us to ensure observability and operational resiliency. But did you also change the way you run your development teams?
Sven will talk about Atlassian’s journey from a monolith to a multi-tenanted architecture and how it affected the way the engineering teams work. You will learn how we shifted to service ownership, moved to more autonomous teams (and its challenges), and established platform and enablement teams.
Artificia Intellicence and XPath Extension FunctionsOctavian Nadolu
The purpose of this presentation is to provide an overview of how you can use AI from XSLT, XQuery, Schematron, or XML Refactoring operations, the potential benefits of using AI, and some of the challenges we face.
8 Best Automated Android App Testing Tool and Framework in 2024.pdfkalichargn70th171
Regarding mobile operating systems, two major players dominate our thoughts: Android and iPhone. With Android leading the market, software development companies are focused on delivering apps compatible with this OS. Ensuring an app's functionality across various Android devices, OS versions, and hardware specifications is critical, making Android app testing essential.
Everything You Need to Know About X-Sign: The eSign Functionality of XfilesPr...XfilesPro
Wondering how X-Sign gained popularity in a quick time span? This eSign functionality of XfilesPro DocuPrime has many advancements to offer for Salesforce users. Explore them now!
A Study of Variable-Role-based Feature Enrichment in Neural Models of CodeAftab Hussain
Understanding variable roles in code has been found to be helpful by students
in learning programming -- could variable roles help deep neural models in
performing coding tasks? We do an exploratory study.
- These are slides of the talk given at InteNSE'23: The 1st International Workshop on Interpretability and Robustness in Neural Software Engineering, co-located with the 45th International Conference on Software Engineering, ICSE 2023, Melbourne Australia
3. Are you better off handing payment off to a Stripe
solution? If fast onboarding is THE most important
need Stripe is a good solution. Drawback is no rev
share.
1
4. 2
Should you look at
becoming an
aggregator?
If you have the money [100k+] and
staff and payments understanding
[risk] the potential revenue
generation makes exploring
aggregation worthwhile.
5. Mindset on development
Your focus must turn to maximizing a new
development rather than “we are done with X
let’s work on Y”. So you must help your end
users utilize your payments development.
3
6. Be prepared for credit card
decline crisis. Declines now
average 15% for recurring billers.
They will look to you for the
revenue loss solution.
4