Payments Help Desk

The Elevation Blog

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
Read More

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. 

Read More

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.

Read More

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.  

Read More

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. 

Read More

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


Read More

Two Strategies for Reducing B2B Credit Card Acceptance Costs

Posted by Guest Author: Anand Goel, Optimized Payments Consulting on Sep 14, 2017 2:56:26 PM

According to Mercator Advisory Group analysis, U.S. commercial card payments grew at a compound annual rate of 9 percent from 2013 to 2015.1 In 2015, commercial card volume reached $428 billion.  This figure only represents about 1 percent of the B2B payments market (including check, ACH, wire transfer and cards) that totals $23 trillion (USD). 

Read More

Topics: Payments Consulting, Receivables, Payments, payment costs, cash flow, Webinar, Electronic Payments, credit card cost, credit card cost analysis, credit card, commercial card, commercial card costs, interchange, reducing interchange

Understanding and Tracking Card Payment Acceptance Costs

Posted by Robert Unger on Aug 23, 2017 6:55:57 PM

Credit and debit card payments are surging.  The “2016 Federal Reserve Payments Study,” which has been tracking longitudinal trends in consumer and business payments, cites that: 

Payments made with general-purpose credit cards and with non-prepaid debit cards each grew faster than other payment types from 2012 to 2015, in terms of both percentage growth and growth by number.

Read More

Topics: Payments Consulting, Receivables, Payments, payment costs, cash flow, Webinar, Electronic Payments, credit card cost, credit card cost analysis, credit card

Faster Cash Flow and Lower Payment Costs with Same Day ACH

Posted by Robert Unger on Aug 3, 2017 11:54:56 AM

“Cash is king” and Same Day ACH supports the crown!

Cash flow is the lifeblood of companies, and faster closure of accounts receivables ensures smoother operations, particularly with respect to purchases, payroll, investments, debit reduction and any other functions requiring payment.  Cash flow forecasting is one of the key metrics for most treasury departments and one of the most challenging to get right consistently. 

Read More

Topics: ACH, Automated Clearing House, Receivables, ACH Transfer, ACH Network, Payments, Faster Payments, payables, payment costs, Same Day ACH, Treasury, cash flow

Elevation: A Calm in the Storm

Posted by Janet Estep, CEO - NACHA on Aug 1, 2017 1:14:00 PM

Amid the ongoing storm of industry activity, having all of the information at your fingertips to answer any questions you have about the payments system is nearly impossible.  Organizations need a trusted party to assess their situation, answer questions within the context of their unique organization, and provide the best guidance regarding next steps and approach.  That is where Elevation steps in – a trusted party, focused entirely on providing reliable, expert consultative services to organizations that need help understanding how payments can best work for them. 

Read More

Topics: Payments Consulting, Company

Submit a Comment