About Katie Canton

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So far Katie Canton has created 30 blog entries.
4 02, 2020

Are You in The Best Position to Ride Out the Economic Downturn and Come Out Stronger?

2020-02-04T10:59:54-04:00February 4th, 2020|Blog|

125 Months of Positive Growth Since emerging from the grips of the Great Recession in 2009, the U.S. economy has been in growth mode. After contracting sharply in the Great Recession, the economy began growing in mid-2009, following enactment of the financial stabilization bill (Troubled Asset Relief Program or TARP) and the American Recovery and Reinvestment Act. Economic growth has averaged 2.3% annually since then, with growth reaching above 3.5% during several quarters and just two quarters of negative growth. Through November 2019, the U.S. economy has grown for 125 months without any significant decline in economic activity that would mark the beginning of a recession, according to the National Bureau of Economic Research. This puts the current expansion as the longest on record in NBER dating, which goes back to the 1850s. All Economies are Cyclical But all economies are cyclical, which means at least some level of downturn Read More

28 01, 2020

In A Slowing Economy, What Can Distributors Do To Prepare?

2020-01-28T15:46:43-04:00January 28th, 2020|Blog|

Operating capital is the lifeblood of any organization and one of the key factors that keep companies running in both smooth and challenging economic conditions. When a distributor has cash flow, it can make payroll, pay its suppliers, keep the lights on and even manage the unexpected costs of running a business. Without this financial cushion, companies quickly find themselves operating invoice to invoice, and pulling resources from one area to cover expenses in another. With the national economic recovery in its 10th year, wholesale distributors may have forgotten what it takes to keep the lights on and the wheels running in a more challenging selling environment. Despite industry disruptors like Amazon Business, geopolitical issues such as trade wars, and a massive uptick in business-to-business e-commerce, wholesalers have been posting healthy year-over-year sales growth. Distributors saw their top-line revenue numbers and profits grow in 2018, according to the National Association Read More

19 12, 2019

2019 Wrapped Up

2019-12-19T09:05:27-04:00December 19th, 2019|Blog|

The holidays mean something different to everyone. For some people, they’re about spending time with loved ones and enjoying favorite holiday foods together. For others, they’re about giving and receiving presents and making sure the special people in your life know how much you value them. Here at VersaPay, it’s no surprise that who we value most is our family and our clients. 2019 has been an exciting year for both VersaPay and our clients and with far too many highlights to cram into a single blog post, we’ll name only a few: We’ve added several fantastic and forward-thinking clients to our roster – including Kite Realty, Amer Sporting Goods, Samtec, and Dream Office. We’ve formed key strategic partnerships with organizations we believe can help transform the world of Accounts Receivables - including CashBook, MRI Software, Mastercard, and US Bank. We were named a Leader in the inaugural IDC MarketScape Read More

2 12, 2019

Why Customer Self Service in AR is the Key to Collecting Overdue Invoices

2019-12-10T11:13:19-04:00December 2nd, 2019|Blog|

Once upon a time, collecting payment consisted of manually extracting data from spreadsheets, drafting up individual invoices, and sending them by mail to your customers. Then, the wait began for a check back in the mail. It was a long and drawn-out process thwarted with delays, but it was accepted as being just the way things were. But now, we live in an Amazon Prime, express checkout, contactless world and won’t think twice about exiting a website because it took too long to load. Clearly, as technology has become more advanced, our pace of life has quickened. This fast pace has also filtered into the corporate world, with technology fuelling fierce competition and increased workloads, business consumers are busier than ever. Consequently, business consumers have begun to expect more from their buying experience. They value flexibility and options to complement their demanding lifestyles. Combine this with data from PYMNTS.com and Read More

4 11, 2019

Building A More Collaborative AR Platform – New Report from American Express and PYMNTS.com

2019-11-04T11:00:02-04:00November 4th, 2019|Blog|

What do social media and accounts receivables have in common? Up until now, you’d be right in thinking the answer was ‘not a whole lot’. Which was a problem. The principles of social media - the real-time creating and sharing of information and online collaboration – is exactly what modern AR departments need to succeed. “By and large, the AR process is very inwardly focused, which sounds kind of strange because it’s about collecting money from customers,” our CEO, Craig O’Neill, explains in the recently released Accounts Receivable Automation Report from PYMNTS.com and American Express. “It really doesn’t do a good job of communicating with, collaborating with and solving problems for customers.” In the report’s feature story, Craig explains how VersaPay’s AR platform, ARC®, uses a social media framework to increase transparency and foster greater collaboration between buyers and sellers. Imagine a world where your interaction with customers no longer Read More

1 11, 2019

Commercial Real Estate 2020 Priorities: The Tenant Experience

2019-11-01T11:34:16-04:00November 1st, 2019|Blog|

As 2019 creeps closer to the end, it’s important to both agree on your business priorities for the coming year as well as understand the resources and time available in this calendar year to enact timely change. We’ve all been through the cycle enough times to know that waiting until the new year to make the changes required to succeed in the new year is far too late. The time to act is now. But what action is required? Earlier this month, Deloitte released The 2020 Commercial Real Estate Outlook in which they surveyed 750 CRE executives—owners/operators, developers, brokers, and investors—in 10 countries. The outcome of the survey is a detailed report outlining the ​challenges, opportunities, and the potential for transformation for CRE in 2020. Based on this report, the top priority for Commercial Real Estate organizations in 2020 is the tenant experience. “Most respondents rated tenant experience as a Read More

18 09, 2019

How to Transform Your Accounting Processes – Step 5: Consolidate your AR tools

2019-09-18T12:01:45-04:00September 18th, 2019|Blog|

An AR automation tool can help you get paid faster while you reduce the burden on your in-house team. Ultimately, this helps you improve your cash flow and protect your margins. The next section of this guide will show you exactly how you can achieve these results (quickly and with minimal risk). Implementing an AR automation tool doesn’t need to take months or years. But to achieve rapid results, you need a plan. There are five steps you need to undertake to improve your finance efficiencies, deliver a better customer experience and bring in more money – faster. Here is the final step. - Missed Step 4? Click here to catch up. - 5. Consolidate your AR tools Your AR tools don’t just provide information about invoices and collections. They contain critical financial data that gives all of your stakeholders a clear view of your operations. Centralizing your disparate AR Read More

11 09, 2019

How to Transform Your Accounting Processes – Step 4: Go Beyond a Payment Portal

2019-09-11T11:06:50-04:00September 11th, 2019|Blog|

Digital transformation doesn’t need to be lengthy. With the right plan, and the right solution, you can achieve quick results with minimal risks. There are five steps you need to undertake to improve your finance efficiencies, deliver a better customer experience and bring in more money – faster. Here’s step 4. - Missed Step 3? Click here to catch up. - 4. Go beyond a payment portal As the B2B space becomes more digital, you might have considered offering customers a portal where they can pay invoices and check their accounts online. Perhaps you have even tried such a portal. Payment portals are a great step if you want to delight your customers while getting your money in faster. However, an online payment portal won’t help you achieve these goals if your customers don’t use it. Distributors tell us that many online portals offer a poor experience and make customers Read More