Remove Days Sales Outstanding Remove Electronic Funds Transfer Remove Transactions
article thumbnail

Different Payments Types Explained

Lockstep

With inflation discussions dominating the conversation today, it is more important than ever to decrease your days sales outstanding (DSO). An echeck is an electronic version of a check that uses the customer’s bank account and routing number to debit the funds from their account, just like a paper check.

article thumbnail

What Is Cash Management?

TreviPay

It involves accurately tracking all cash inflows and outflows, maintaining clear records of financial transactions and ensuring that all financial information is up-to-date and accurate. What’s more, TreviPay’s transaction fees are 30% less than credit cards. Here’s a breakdown of each of the Four A’s: 1.