February 26th, 2020
Digital AR Workflows Help Wholesaler-Distributors Get Paid Faster, Smarter and at Reduced Costs
Paper invoices and checks have been the norm for decades, but as wholesaler-distributors scale, so do their AR needs. An estimated 82% of U.S. businesses are working to transition from paper invoicing and payment processes to digital AR workflows to decrease DSO, reduce costs and increase security, all while improving customer experience and loyalty.
Customer Satisfaction and Loyalty Increase When Paying is Simplified
In addition to security and fraud protection, moving to a more electronic AR workflow offers your customers the benefits of efficiency plus savings. When your customers can click a button to pay an invoice, they have eliminated their entire incoming mail handling process, AP processing and out-going mail expense. Depending on their business size, they may likely be processing hundreds or thousands of invoices monthly from all their suppliers combined. It’s easy to imagine how your customer would favor the supplier who simplifies their AP workflow.
Paying with a paper check is 30 times more expensive for your customer.
In addition to these obvious added efficiencies, electronic payment options provide your customers a digital record of the transaction, further reducing paper from their workflow and replacing it with digital receipts and the ability to streamline reporting, record keeping and even forecasting their own cash flow in real-time.
82% of U.S. Business are Migrating to Electronic AR Workflows
Unified Payments Group, NAW’s Trusted Partner for cloud-based AR Technology and Payment Acceptance Solutions in the wholesale manufacturers industry, was recently recognized as a “TOP 10 AR Solutions Provider.” Unified simplifies AR to help Enterprise and Mid-Market businesses accelerate cash flow, reduce costs and improve efficiency with digital solutions which can be incorporated easily into your existing workflows and processes with minimal disruption.
Contact Unified today to schedule a demo and see how Smart e-Invoicing and
e-Payment Solutions can help you accelerate cash flow and reduce AR costs.
READY TO SIMPLIFY YOUR AR CYCLE?
Complete this form or give us a call at 888.440.0117 to find out how Unified can accelerate your cash flow and invoice-to-cash.