Ten tips for perfecting the order-to-cash process within competitive industries like yours
Reducing and controlling costs, getting paid faster, and providing customers with positive experiences are goals any good financial team should strive for, but, at Billtrust, we also recognize that each industry faces unique challenges when optimizing their order-to-cash processes.
With that in mind, we’ve worked with teams of experienced experts to understand the nuances of many of the industries that use our products. This has allowed us to better customize our offerings and to optimize outcomes for the financial leaders that have relied on us over the years.
But these insights aren’t a secret. Some of these best practices are things you can take advantage of today in order to get started on your company’s journey toward stronger, more effective & predictable financial performance. Here are a few tips.
Billtrust + Building Supply
In the building supply industry, everything has to happen quickly. Growth is good for your business, but your accounts receivable processes need to scale too. Read these top 10 tips to manage invoice-to-cash for your building supply business
Billtrust + Industrial Supply
From the job site to your accounts receivable (AR) team, financial efficiency always matters to your growing business. Delayed payments, credit card fees, poor invoicing, and dispute management can become very costly and time consuming. Read these top 10 tips to manage invoice-to-cash for your industrial supply business.
Billtrust + Electrical Distributors
A significant portion of electrical distribution companies still manage their accounts receivable (AR) processes manually or through their own in-house systems. But they struggle to have reliable, effective, automated AR that saves time and optimizes cash flow. Read these top 10 tips to manage invoice-to-cash for your electrical distribution business.
Billtrust + Plumbing / HVAC
The plumbing and HVAC industry exists in a period of both growth and adversity. The development of smart technologies, inflation-fueled price increases, and a historic rise in mergers and acquisitions have created tremendous opportunities in the industry. Revenue is at an all time high, but with an increasing volume of payments arriving in various forms, businesses like yours are encumbered by outdated accounts receivable processes. Read these top 10 tips to manage invoice-to-cash for your plumbing / HVAC business.
Billtrust + Equipment
Automated accounts receivable solutions do the heavy lifting for our accounting teams so they can scale as your business grows. Read these top 10 tips to automate and ratchet up accounts receivable for your equipment company.
Billtrust + Transportation
Resolve the logistical nightmare of outdated accounts receivable processes. Read these top 10 tips to drive digital payments for your transportation business.
Billtrust + Medical
Digital solutions balance the evolving needs of medical companies. Read these top 10 tips for healthy accounts receivable processes in the medical industry.
Billtrust + Staffing
Automate your staffing agency's repetitive, time-consuming accounting practices. Read these top 10 tips to keep accounts receivables processes as organized as your talent pool.