In the Press

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06/10/2019
Brandon Spear on CaaS: ‘Find a way to solve payments pain points and you’ll create a real advocate inside a business’

With Brandon Spear

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06/07/2019
How Tech Gives SMBs the Confidence to Go Up Against Goliaths

By Brandon Spear

For small and midsize businesses (SMBs), competing against big-name brands can seem difficult, if not impossible. Numerous advantages, including greater brand recognition and larger budgets, often stack the deck against SMBs.

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04/29/2019
5 Ways to Personalize your B2B eCommerce

By Brandon Spear

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05/20/2019
Four Tips for Reducing Your DSO

By Brandon Spear

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04/05/2019
Expert: How Smaller Merchants can Compete with Large Competitors

By Brandon Spear

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04/20/2019
How to Impress B2B Customers with an Elevated Omni-Channel Experience

By Brandon Spear

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02/12/2019
3 Ways Credit as a Service Unlocks E-Commerce Growth

By Brandon Spear

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01/31/2019
OP's MSTS Finds the Sweet Spot with CaaS and Drives Big Growth

By Leslie Collins  – Staff Writer, Kansas City Business Journal | Jan 31, 2019

MSTS' new credit-as-a-service offering for small and midsize businesses is resonating in the market and helped the Overland Park company reach a new industry.

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01/14/2019
Enterprise selling in an SMB world

Buoyed by reports of record 2018 holiday spending, analysts predict more retail growth in 2019, particularly in the evolving small and midsize business (SMB) sector. Advanced technologies have introduced SMBs to a big-brand experience and new set of challenges.

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01/10/2019
PayThink Invoices can add cure cards' liquidity problem for small businesses

When it’s time to pay up, commercial buyers may be in for a pleasant surprise when purchasing online. The launch of Amazon’s Pay By Invoice feature last year opened the door for more flexible B2B payment schedules.

Earned Media

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01/10/2019
PayThink Invoices can add cure cards' liquidity problem for small businesses

When it’s time to pay up, commercial buyers may be in for a pleasant surprise when purchasing online. The launch of Amazon’s Pay By Invoice feature last year opened the door for more flexible B2B payment schedules. Rather than relying on credit cards, qualified buyers have the luxury of purchasing on payment terms.

As the e-commerce payments landscape evolves, businesses looking to follow in the footsteps of Amazon should consider the unique needs of B2B buyers. Exploring what invoicing may mean to both sides of a transaction, along with the steps you can take to forge a stronger relationship between sellers and buyers, may help pave the way for success.

Cash flow is often a top concern for sellers – and it’s easy to see why. Thin margins and lengthy payment cycles can make cash flow challenging. According to a study from JP Morgan Chase, one out of four small businesses have cash reserves that will last less than two weeks. In addition, extending credit puts a strain on the accounts receivable team – determining credit worthiness, onboarding customers and chasing down past due invoices.

Even with all these challenges, not extending terms isn’t an option either. It provides more purchasing power to buyers, leads to greater profits for sellers over time and can also drive customer loyalty. Sellers looking to develop a seamless customer experience and ultimately outpace the competition need to add invoicing to their e-commerce site sooner rather than later. After all, buyers won’t wait days to be approved and onboarded when other sellers can do the same in under a minute.

Integrating invoicing into e-commerce delivers greater speed and simplicity for buyers, and it improves transparency by providing details of specific purchases and cost centers where purchases should be allocated. For example, instead of simply seeing how much an order cost, buyers can determine where the order was purchased, order and PO numbers, and view the associated invoice – among other details. Smart B2B companies can offer these details while also reducing transaction fees and freeing up working capital for their organizations.

Read the full article on PaymentsSource here.