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Payments Help Desk

The Elevation Blog

Payments Choice: Good or Bad in a Faster Payments Environment?

Posted by Janet Estep, CEO - NACHA on Apr 25, 2018 12:38:04 PM

Jan Estep, President & CEO, NACHA

Choice. Is it good or bad?  Most people would say that choice is great.  Having options at dinner time satisfies those with different tastes or different diets. Having clothing options allow for appropriate attire for different activities. 

But all choice has an impact. Take for instance a technology choice: DVD versus Blu-Ray. Blu-ray has a larger storage capacity, therefore allowing for higher quality video and audio, making it appealing. But a choice for Blu-ray requires investment in additional technology: a Blu-ray Player. 

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Topics: Faster Payments, ACH Payments

ISO 20022 Request for Payment Now Live in U.S. ACH: Simplifies B2B Remittance

Posted by Robert Unger on Apr 19, 2018 3:56:51 PM

By Rob Unger

The majority of U.S. corporations have an atrocious cash application hit rate for B2B payments, where less than 20 percent of payments are processed automatically, and applied to open invoices without manual intervention. 

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Topics: ACH Network, ACH Payments, Accounts Payable, Accounts Receivable

Seven Ways to Slay the Nightmare on Receivables Street and Rescue Cash Application

Posted by Robert Unger on Mar 30, 2018 9:56:00 AM

Authored by Robert Unger

Your sales are humming along, bills and invoices are being sent to customers and the payments are flowing back to your company, and there a lot of payments. 

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Topics: Accounts Receivable

Surcharging B2B Card Payments Makes Payment Choice Margin Neutral

Posted by Robert Unger on Mar 27, 2018 10:28:00 AM

By Robert Unger

Credit card payments are growing faster than any other payment type according to the latest Federal Reserve Payments Study, which tracks longitudinal trends in consumer and business payments. 

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Topics: Accounts Receivable

Customer Profitability: BrightStar on 5 Hidden A/R Costs That Eat Away Your Bottom-Line

Posted by Robert Unger on Mar 7, 2018 3:28:41 PM
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Topics: Accounts Receivable

Brightstar Links Accounts Receivable Automation to Customer Profitability

Posted by Robert Unger on Mar 7, 2018 3:26:03 PM

Authored By Robert Unger and Sahil Hakim

Companies large and small are clunking along with legacy receivables systems, and are challenged to improve operations and reduce costs in order-to-cash processes.  These inefficiencies increase the cost to serve customers, and erode margins on customer profitability. 

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Topics: Accounts Receivable

Good Robots and Artificial Intelligence Save Credit, Collections and Receivables Big Bucks

Posted by Robert Unger on Mar 1, 2018 9:01:21 AM

By Robert Unger

I love robot movies even though they often pit machines vs. humans. The first Terminator was not good for humans (especially if your name was Sarah Conner).  And I just recently saw the original Westworld for the first time, with Yul Brenner as the gun-slinging robot gone haywire in a western vacation village. That didn’t end well for the vacationers. No doubt, bad robots are compelling but scary.

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Topics: Accounts Receivable

Managing Payments Reduces the Cost to Serve Customers and Improves Profitability on Every Transaction

Posted by Robert Unger on Feb 22, 2018 8:55:49 AM

Authored by Robert Unger 

Do you hear that low hissing sound?  Profits are slowly leaking from companies that overlook how profitability is impacted by the way a customer pays, what information they provide, in addition to when they pay.  

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A Surprising Find Among Treasurers and Finance Professionals

Posted by George Throckmorton, Managing Director - Elevation on Oct 4, 2017 9:50:31 AM

 As the Managing Director for ACH Network Development at NACHA (and Elevation), my team and I often have the opportunity to get out into the field to talk and collaborate with businesses of all sizes.  The dialogue often includes topics such as supply chain management, minimizing days outstanding, credit risk, financial reporting and reconciliation, among others.  The typical metrics used to measure success include efficiency, cost reduction, and minimizing losses. 

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Topics: Payments Consulting, Company, Payments Cost

Elevation Guides Non-Proft Startup, Change the World Fund, Through the Payments Industry

Posted by Robert Unger on Oct 4, 2017 9:45:42 AM

 

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