Blog 2018-04-26T09:34:27+00:00
3009, 2016

Transportation: How to realize certainty, in uncertain times

By | September 30th, 2016|Categories: Blog, Collect Smarter, Save Time and Money|0 Comments

A couple of weeks ago, I attended the McLeod User Conference in San Antonio. McLeod Software is the leading trucking software used by some of the most innovative transportation and logistics companies. It was a great conference for VersaPay to connect with our customers who are using McLeod and learn more about the changes in the transportation industry. The show was impressive with great educational sessions and interesting keynote speakers. One keynote speaker that was most memorable was, Tom McLeod, founder of McLeod Software. He kicked off the show with a transparent overview of the uncertain times the transportation industry is facing. Elizabeth and I with Tom McLeod at the McLeod networking event. When Tom covered the obstacles and ambiguity the industry is faced with, it became apparent there are key areas that will change transportation business operations and introduce new conversations on how to adapt. Here are a couple of key areas Tom highlighted that are brewing with uncertainty: Regulation: new regulations in the industry will affect transportation business operations including Federal Motor Carrier Safety Administration’s (FMCSA) ELD (Electronic Logging Device) mandate, new overtime /pay rules, the Affordable Care Act (ACA) fall out, speed limiter rule, Phase Read More

2909, 2016

Tommy Spaulding Delivers Inspiring Presentation On Leadership at CPA The One Conference

By | September 29th, 2016|Categories: Blog, Make Customers Happy|0 Comments

I had the good fortune to watch a presentation last week by Tommy Spaulding, author of two books on the New York Times Best Seller list. He was the opening keynote speaker at the CPA The One conference in Vancouver. VersaPay was a sponsor and exhibitor at the conference. Tommy is the former CEO of the renowned global leadership organization Up With People and believes “heart-led” leadership can change the lives of everyone you lead and serve. Today Tommy has a for-profit consulting company and also a non-profit leadership institute. The consulting side of the business, whose guiding principle is “put people first and business will follow,” works with organizations to develop “a leadership and service vision.” Tommy described how Up With People exists to inspire young people to make a difference in their world. It aims to bring the world together through service, music and travel. This gives students an unparalleled experience and a pathway to make a difference in the world. Since 1965, more than 22,000 young leaders from 131 countries have become part of its global alumni network. Tommy’s presentation focused on Company Culture, Love and Results, and how great leaders rely on these as a foundation Read More

1307, 2016

The True Cost of Not Automating your Accounts Receivable.

By | July 13th, 2016|Categories: Blog, Collect Smarter, Save Time and Money|0 Comments

One common misconception with accounts receivable software is that it’s costly and will not realize ROI. But, most companies only focus on the direct costs of invoicing (printing, postage, etc) and do not understand the true cost of preparing invoices and collecting outstanding receivables. Working at VersaPay, I’ve seen customers on average realize ROI in less than 2 months with an AR automation platform. Read More

2706, 2016

Metrics are a headache, but they don’t have to be.

By | June 27th, 2016|Categories: Apply Cash Easily, Blog, Gain Insight Into AR, Get Paid Faster|0 Comments

Whenever quarter end rolls through, so does the dreaded metrics headache. Pulling data from multiple sources, managing various spreadsheets, correcting inaccurate data, and creating reports can be a nightmare, especially if you do not have all of your ducks in a row. The amount of time spent gathering  data makes teams reactive vs. proactive. Wouldn’t it be nice to use time spent on gathering data to analyze it and create actionable insight?   Read More

906, 2016

The “CFO” is Keeping your CFO up at Night

By | June 9th, 2016|Categories: Apply Cash Easily, Blog, Collect Smarter, Gain Insight Into AR|0 Comments

We’re at mid-year mark for 2016. This is the time companies start reflecting on the last 6 months to see if the objectives they’ve set are on the right track. For the role of the CFO, this is very true as they are overseeing a sea change. With emerging digital technologies, CFOs are challenged to look past their traditional processes to increase productivity, efficiency and accuracy. What is the main objective they will be reflecting on? I like to call it the CFO – Cash Flow Objective (CFO) – this is what keeps your CFO up at night. According to a survey of 650 CFOs by Protiviti, CFO’s are seeking more precision and efficiency in cash forecasting, period-end close and reconciliation and consolidation activities. Protiviti highlights that, “cash forecasting represents one of the highest-ranked priorities, which may be indicative of the tepid economic recovery in many industries.” So, if cash flow and forecasting is a main objective, how is this performing and was it one of your priorities on your new years to do list? A couple of weeks ago, we hosted a webinar with Pam Krank, President of the Credit Department (TCD). She has great insight into cash flow with over 37 Read More

305, 2016

Why you need to digitize your accounts receivable…even if you don’t want to.

By | May 3rd, 2016|Categories: Blog, Collect Smarter, Get Paid Faster, Make Customers Happy, Save Time and Money|Tags: , , |0 Comments

Is your account receivables (AR) stuck in the dark ages? If so, you’re not alone but in a couple of years you may be. While exhibiting at the Industrial Supply Association (ISA) Convention (largest yearly meeting of distributors, manufacturers and suppliers), it was eye opening to see how many companies are still managing their AR manually and how risky this is with customer appetite shifting to the online world. Read More

1503, 2016

Does the value of credit card acceptance outweigh the cost? For some B2B businesses, it does.

By | March 15th, 2016|Categories: Blog, Get Paid Faster, Make Customers Happy, Save Time and Money|0 Comments

It’s no secret that there is a cost to credit card acceptance. Actually, it is one of the main reasons cited by B2B companies for not accepting credit cards. According to a survey by First Annapolis Consulting, 67% of suppliers noted that high credit card acceptance fees are the main reason they resist credit cards.  This is a fair reason as fees are a cost to their business, but what many suppliers do not understand is the benefits of credit card acceptance. The value it creates can significantly outweigh the cost.  Read More

902, 2016

How Sihl Corporation Leverages AR Automation to Produce a Healthy Cash Flow and Happy Customers

By | February 9th, 2016|Categories: Blog, Collect Smarter, Get Paid Faster, Make Customers Happy|0 Comments

The Institute of Finance & Management (IOFM), specifically, a division known as The Accounts Receivable Network, recently interviewed and profiled one our clients, Sihl Inc. (Coventry, RI). The article is entitled: AR Automation Brings Big Benefits to Sihl Corporation. Read More

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