Business Tips

Home/Business Tips

8 Ways to Cut Down on Outstanding Payments

Outstanding payments are not rare. According to Deloitte, about 47% of merchants experience late payments. And according to Fundbox, over $3 trillion is owed to U.S. businesses and tied up in accounts receivable. Late payments disrupt cash flow, strain customer relationships, and slow down [...]

Is Flat Rate Pricing the Best Choice for Your Business?

The credit card processing industry can be confusing. For merchants just starting out with credit card payment acceptance, it’s often a difficult journey to find a reputable processor and negotiate a fair fee. How can merchants know they’re getting a good deal? Depending on [...]

Credit Card Convenience Fees: The Pros and Cons for Merchants

Is charging a credit card convenience fee the right choice for your business? If your business wants to offer customers new avenues of credit card payment—like paying over the phone or online—you’ll have to decide if you also want to charge a convenience fee. [...]

2020-08-06T09:10:26-07:00Business Tips|

Can Businesses Charge a Fee for Paying with a Credit Card?

Can businesses charge a fee for paying with a credit card? Many merchants find themselves wrestling with this question. They want to start accepting credit card payments from their customers, because accepting credit cards can help establish their credibility as a business, boost sales [...]

2020-08-05T17:25:23-07:00Business Tips|

How Omnichannel Selling is Changing Accounts Receivable

What is omnichannel selling? If you’re unfamiliar with omnichannel selling, it may sound like business jargon. But it’s not just a buzzword—it’s a comprehensive selling strategy that can boost your business and dramatically increase sales and customer retention. Omnichannel selling is a holistic, integrated [...]

4 Common Accounting Problems That Are Slowing Your Business Growth

Every business wants to grow. But there can be hidden factors holding your business back from its full potential—like accounting challenges that add up over time. If not addressed, these problems can keep business growth in the slow lane. Many businesses face these challenges, [...]

Get Work Done and Have Fun Too: Productivity during the Holiday Season

If you Google “productivity during the holidays,” your results page will flood with a mixed bag of results ranging from “9 Strategies to Boost Employee Productivity during the Holiday Season” to “‘Tis the Season to Goof Off at Work and That’s Good for Productivity.” [...]

2019-12-17T13:14:42-08:00Business Tips|

Boost Productivity with Business Process Automation

Business process automation is one of the best ways to increase efficiency and boost profitability. With today’s rapidly changing technology, increasing automation is crucial to remaining competitive and keeping your customers satisfied. In fact, companies lose 20-30% of their potential revenue due to poor [...]

2 Payment Innovations to Boost Your Business

Has the Information Age run its course? The court of public opinion hasn’t reached a verdict yet, but no one disagrees that technological development continues to progress at lightning speeds. The dial-up days are far behind us, and the imminent introduction of 5G promises [...]

Team Member Engagement: How to Identify and Leverage Strengths

In an era marked by low employee engagement and high burnout rates, managers are striving to create cohesive teams that produce quality work and offer innovative ideas. What’s the secret to unlocking each team member’s true potential? Engagement, defined as involvement in, enthusiasm about, [...]