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Paymentportals are not just for large B2C businesses any longer, B2B businesses of any size can benefit. In the evolving world of B2B transactions, the importance of paymentportals has become undeniable. By automating these processes, businesses can accelerate cash flow and focus on growth.
Some companies want to simply reduce the effort they spend on manual tasks to focus on high-impact tasks, while others may envision it as a way to help them achieve their specific cashapplication or credit needs. Offer a range of payment methods and, if available, a link to your customer paymentportal from the invoice itself.
Pre-Qualify Customers that Present Greater Risk You may want to identify your ideal customers, such as those who have a proven payment history, are from a specific industry, who have a certain budget, etc. Cashapplication. Make sure everyone who needs access to the process receives proper training.
If your business is scaling and expanding into new geographic regions, it may present challenges in collecting receivables. You’ll want to offer the right technology to ensure your customer payment data and information is secure, yet also provide a wide range of payment methods at the same rates your customers are used to.
Don’t dip too low or too high, rather find a sweet spot that provides the necessary cash flow you need to grow. Match over 95% of payments with cashapplication through Gaviti’s Self-PaymentPortal that includes AI-powered remittance auto-matching.
Make paying as easy as possible by giving customers many payment options, including credit or debit cards, digital payments, check, bank transfers, etc. Self service customer paymentportals also offer another convenient payment channel that minimizes errors, encourages timely payments and improves overall customer satisfaction.
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