In the news

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07/01/2019

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

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05/28/2019

Part 2 of our 3-part series about How CaaS Can Help.

Let your customers buy now and pay later. 

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05/13/2019
 

Credit as a Service™ now available for all B2B Magento customers

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05/08/2019

Part 1 of our 3-part series about How CaaS Can Help.

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05/06/2019
 

Bankers encouraged to see how innovative payments solution can increase revenue streams

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04/30/2019
MSTS will facilitate invoicing and discount application to provide seamless transactions for dealers and their customers
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03/12/2019

Part 2 of our 3-part series on Common Challenges of B2B Commerce

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03/04/2019

Customers come first in this tech-led approach to ease pain points and improve customer experience within the trucking industry

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02/25/2019

Robotics process automation, otherwise known as RPA, is taking the business world by storm.

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02/15/2019

Part 1 of our 3-part series on Common Challenges of B2B Commerce

In the News

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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.