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07/01/2019
How Can CaaS Help Me as CFO?

Part 3 of our 3-part series about How CaaS Can Help.

Reducing costs and improving cash flow is likely music to your ears. But it’s not easy to do when you have several hands dipping into your working capital or have credit card fees unnecessarily cutting into your bottom-line. 

You don’t have to be one of the B2B companies spending an average of $2.2 million in credit card processing fees. Whether you’re an SMB or an enterprise, you need to weigh the high credit card transaction costs against the benefits of offering credit card payment options in your eCommerce store. In addition to high fees, credit cards create challenges for buyers. Credit limits make them a problem for large purchases, and statements are difficult for AP to reconcile when it comes time to pay the bill. 

Letting customers buy online with Net30 terms would help, but then you have to worry about when you are going to get paid. In 2018, balance sheets showed DSO staggered around 37 days, two days more than the previous year. A global report shows a delay in payment of up to 92 days if you’re working with suppliers in China. 

When DSO is high, it drags down your liquidity and the finance team’s efficiency. In order to keep pressure on customers to pay you’d need a collections workforce increasing labor costs. If you only have a few team members able to chase payments, you’re in trouble.

Would you raise your hand if you could extend risk-free lines of business credit to your customers, reduce stress on your team and keep your working capital for your business? We would, too. 

That’s why we created Credit as a Service® (CaaS). Businesses leveraging CaaS to extend white-labeled Net30 terms get paid quickly to improve cash flow and reduce costs by outsourcing billing and collections.

In short, CaaS streamlines back-office processes, transforming the way businesses facilitate and manage purchases made on terms. 

Ready to give Credit as a Service a try? Request a demo to see it for yourself.  

While you wait, get more information in the CaaS Tip Sheet.   

In the news

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11/19/2019

OVERLAND PARK, Kansas, November 19, 2019 -- MSTS, a global B2B payment and credit solutions provider, today announced Watson Fuelcards, part of WFL (UK) Limited, the UK land business of World Fuel Services, ha

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11/08/2019

SINGAPORE, October 2019 -- Every online marketplace needs a progressive ecosystem of support services to function, and choosing the right providers can be crucial to the success of a marketplace business.

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11/08/2019

Springfield, MO - October 30,  2019 -- Classy Llama, a full service eCommerce agency, has joined with MSTS as a partner to provide merchants an alternative payment and credit solution.

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11/01/2019

Martha Salinas is the Chief Customer Officer at MSTS, a global FinTech company in the B2B payment space, based in Kansas City with operations around the world.

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10/30/2019

Julia Terenjuk is the co-founder and CEO of Creative Capsule. Under her leadership, Creative Capsule has experienced healthy growth and has built a reputation as a trusted provider of high-quality software development services.

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10/23/2019

We live in an age of digital transformation. Organizations can innovate, or become obsolete.

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10/19/2019

Jessica Powell is the Director of Experiences at Kansas City Startup Foundation.