One of my least favorite sayings is “this time it’s different.” Well, unless your working career started back in the 1930’s, this time is different. Fortunately, that was the last time tariffs had this type of real-world business impact. Back then, most industries were not as global and interconnected. The tariffs are having far-reaching effects.…
Details
Are you frustrated by inefficiencies and delays in accounts receivable? Then replace costly, inefficient forensic accounting, manual and paper-based workflows with A/R Automation in your Microsoft Dynamics 365 Business Central environment. Unified A/R’s powerful, cloud-based integration delivers a secure, efficient, and transparent solution for invoicing, payment acceptance and automated cash application. Easy, Seamless A/R Integration…
Details
We are often asked ‘why Unified’ or ‘what makes you different.’ There are many reasons, but to properly answer those questions we need to speak about the objectives we had in mind when we created our company. The primary goal, to ‘solve the customer’s problem from the seat of the client,’ has roots in my early…
Details
Optimize Your B2B Credit Card Processing Spend with ERP Integration Many businesses rely on the convenience of credit card acceptance as a normal cost of doing business. Although the trend is steadily growing, businesses that accept credit cards often find themselves grappling with rising processing costs that eat into their already thin margins. This article…
Details
Colorado Approves Limited Surcharges on Credit Card Payments. Surcharging credit card transactions is an increasingly common way for firms to cover the cost of processing credit card transactions. However, there is no uniform federal regulatory regime that addresses credit card surcharging. Rather, credit card surcharging is governed by a patchwork of federal and state laws…
Details
Kansas Becomes 46th State to Allow Businesses to Surcharge Customer’s Credit Card Payments Surcharging credit card transactions is an increasingly common way for firms to cover the cost of processing credit card transactions. However, there is no uniform federal regulatory regime that addresses credit card surcharging. Rather, credit card surcharging is governed by a patchwork…
Details
Wholesaler-distributors operate on razor-thin margins so reducing costs and accelerating cash flow are always top of mind. But do you really know how much paper invoices and checks cost your firm? Read the full post to learn more…
Details
Paper invoices and checks have been the norm for decades, but as wholesaler-distributors scale, so do their AR needs. Read the full post to learn more…
Details
Pandemics, Plans & Pivots: The New Demands on A/R and B2B Payments If you are like most companies, the decrease in business activity due to the Pandemic combined with mail delays – to say nothing of scheduling your teams according to regulatory impact – led to challenges that negatively affected days sales outstanding (DSO) and…
Details
Visa and Mastercard Delay Planned Changes to Costs and Fee Structures Yesterday Visa announced that it is once again delaying changes to costs and fee structures that had been planned to take place in April 2021. The announcements by the card associations were covered by both Digital Transactions https://www.digitaltransactions.net/card-brands-delay-interchange-updates-and-other-digital-transactions-news-briefs-from-3-16-21/ and PYMNTS.com https://www.pymnts.com/news/payment-methods/2021/mastercard-and-visa-postpone-planned-us-interchange-hikes/. The bulk of…
Details
Business Card Tier Restructuring and Rising Interchange Costs The card brands typically adjust their rates and fees twice per year, in April and October. Due to Covid 19, the card brands have delayed some but not all increases and changes until April 2021. The resulting increase in cost is directly related to card type elimination…
DetailsThe fees wholesaler-distributors pay to accept credit cards, interchange, dues, and assessments, often represent the most significant portion of their order to cash fees paid and can be much larger than their other treasury management costs. Visa’s recent rate increase in July of this year and the adjustment planned for April are the card brand’s…
Details
Unified Payments Group is pleased to announce that Jason Palmer has joined Unified as Chief Technology Officer. Mr. Palmer will lead IT infrastructure and software engineering for Unified’s open-API, cloud-based B2B Payment Acceptance technology, including streamlining how Unified’s AR solutions integrate with enterprise and mid-market ERP platforms. Read the full post to learn more…
Details
Online fraud exists. Some customers may be wary of making online payments because of the perceived risk of fraud. The reality is that paper checks account for more fraud than any other payment method. Read the full post to learn more…
Details
E-invoices are a leap forward from static paper invoices delivered by mail, but what if the invoice is inaccurate? Read the full post to learn more…
Details
One of the most effective ways to reduce DSO is to remove the mailing process entirely. Physical deliveries take time. Stuffing envelopes, whether by hand or at volume by machine, also takes time. Read the full post to learn more…
Details
The wholesale distribution industry consistently adds more than $6.01 trillion to annual U.S. economic activity. Surprisingly, the majority of this money is still billed manually via paper or static PDF invoices, and paper checks make up the bulk of payments received for these invoices. Read the full post to learn more…
Details
Electronic invoices obviously save time, but they help businesses save money as well. With minimum median fulfillment costs at $3.00 per paper invoice, sending thousands of invoices manually results in a significant expense. Read the full post to learn more…
DetailsAn A/R Expert will contact you to help your business get paid faster and easier at less cost.