In the first of our 4-part series, we outlined how payment on Net30 terms is common in B2B. In fact, from the outside looking in, offering payment on terms seems like a given. Many SMBs feel they must offer terms to be competitive, but they overlook the risks of late payers and the impact of late payments on working capital.
Every time a seller extends payment on terms they must consider several factors.
MSTS, a global payments and credit solutions provider, today announced the acquisition of TicketRX, a Kansas City-based startup revolutionizing legal support for traffic citations and violations, via its ORDP brand.
Robotics process automation, otherwise known as RPA, is taking the business world by storm. In fact, Research and Markets, predicts RPA to be a $5 billion-dollar industry by 2022. So, what is RPA?
RPA is utilizing computer automation to eliminate day-to-day mundane tasks. This allows employees to dedicate time at work to more meaningful projects. “Some (people) like to describe RPA as ‘a macro on steroids,’” Director of Process Improvement, Diane Hagemann, tells us.
More and more B2B companies are launching eCommerce platforms, with good reason. The 2018 B2B eCommerce Buyer Expectations Report estimates nearly 50% of companies are purchasing from online retailers. The question is no longer if but when will B2B companies have an online presence.
MSTS, a global B2B payments and credit solutions provider, today announced 4MD Medical as its first Credit as a Service (CaaS) customer using the Magento eCommerce platform. 4MD Medical, a national distributor of medical, physical therapy, pharmaceutical equipment and supplies for the healthcare field, will engage CaaS tools to ease the B2B payments journey for its customers.
MSTS, a global B2B payment and credit solutions provider, announced the company is expanding its global footprint by opening offices in Costa Rica and Singapore. The expansion comes on the heels of new business opportunities for global B2B commerce and increasing interest in MSTS’ Credit as a Service solution worldwide.
The original enterprise product, with a record of accelerating sales growth for companies by as much as 500 percent, has been optimized to meet the needs of businesses with simpler payment and credit processes. The cloud-based Credit as a Service solution for mid-market businesses can issue credit lines in less than a minute, automate the customer onboarding process and apply unique B2B customer invoicing, accounts payable and payment term requirements – providing customers flexibility and an enhanced experience.
The partnership allows Decisiv to leverage MSTS’ Credit as a Service (CaaS) technology for its SRM Platform to digitally manage estimate approvals and payments. “The combined solution will streamline the management of service and repair events from the moment the equipment enters a facility through completed repair to invoice, creating a more satisfying customer experience,” said Mark Wasilko, Decisiv VP of Marketing & Partnerships.
CaaS was born from 40 years of experience providing payment and credit management solutions to manufacturing, transportation, retail and eCommerce companies. As a single, omnichannel solution, CaaS enables B2B companies to drive sales, reduce A/R costs, mitigate risk and enhance the customer experience. CaaS streamlines complexities that exist between B2B buyers and sellers by providing dynamic pricing and automated purchase controls to deliver a superior experience for buyers.
MSTS, a global B2B payment and credit solutions provider, today announced that SVP of Americas and Global Accounts, Martha Salinas has been named to the Commercial Payments International (CPI) Global Advisory Board. Hannah Winans, MSTS Program Development Specialist, has also been appointed to the Kansas City Chapter of the Global Business Travel Association (GBTA) Board of Directors and named Chair of its Sponsorship Committee.