... on bizriskadvice, a blog produced by HUB International in New York City.
Thanks to Michael Zeldes of HUB International, and a fellow Gothamite for the invitation.
I hope to add more value on this topic for his clients at another date.
http://bizriskadvice.com/blog/clients-who-pay-by-check-how-your-company-can-protect-its-cash-flow-with-new-payment-technologies.html
Wednesday, March 19, 2008
Monday, March 17, 2008
Who is gonna bail you out????!!!!????
Citibank, Bear Stearns, who else? And there will be more.
When you need a financial bailout, who will come to your rescue? No one, right?
Don't wait until it's too late. Work on your cash flow NOW.
The key to business success is sound cash flow and actively managing that cash flow. You probably cannot do it alone.
Call us in to help, we have particular expertise and tools to optimize your cash flow.
When you need a financial bailout, who will come to your rescue? No one, right?
Don't wait until it's too late. Work on your cash flow NOW.
The key to business success is sound cash flow and actively managing that cash flow. You probably cannot do it alone.
Call us in to help, we have particular expertise and tools to optimize your cash flow.
Tuesday, March 4, 2008
www.greinvoice.com in the press
Here's some recent coverage of www.greinvoice.com in the trade press in the payments industry. I expect more soon so come back later to see what the industry thinks of our new product.
- see page 2 in http://www.cardforum.com/attachments/20080228NT50CPQN-1-February%2028,%202008.pdf
- our press release reproduced on GreenSheet.com; this will be expanded to a spotlight on new products later this week: http://www.greensheet.com/newswire.php?newswire_id=8759
Monday, March 3, 2008
Thursday, February 28, 2008
LEAP DAY!
Happy February 29th. Leap Day.
At the local coffee shop, a cup will cost you 29 cents all day, with a coupon of course!
If you optimize your cash flow for your business, today is like finding a $20 bill in your pocket. How?
It would mean one more day to receive more money in your bank account. It would mean one more day to optimize your working capital and be more efficient.
The analogy I like to use is that cash flow is like blood rushing throughout your body. A clog in the plumbing can cause problems throughout the business. Efficiency of cash inflow and smarter ways to accept payments will make your business healthier. One extra day to receive money is a gift.
I hope you have a prosperous Leap Day.
At the local coffee shop, a cup will cost you 29 cents all day, with a coupon of course!
If you optimize your cash flow for your business, today is like finding a $20 bill in your pocket. How?
It would mean one more day to receive more money in your bank account. It would mean one more day to optimize your working capital and be more efficient.
The analogy I like to use is that cash flow is like blood rushing throughout your body. A clog in the plumbing can cause problems throughout the business. Efficiency of cash inflow and smarter ways to accept payments will make your business healthier. One extra day to receive money is a gift.
I hope you have a prosperous Leap Day.
Monday, February 25, 2008
Preparing your company for a recession
An article dated 30Jan08 by Tim Reason on CFO.com entitled, "Preparing Your Company for Recession" and was subtitled "Face it: Financial Crises are Inevitable. To Emerge Strong, Companies Must Be Quick and Smart in Their Responses" spoke about 3 general ways to prepare for a recession:
1) seek ways to reduce costs
2) optimize working capital
3) measure your performance
How right he is.
I want to embellish some of his points hinting at how our services work to prepare any size company or nonprofit for the economic downturn we are in and will see continue for a while. But why wait for a recession to implement keener business and achieve smarterpayments (name rings a bell, huh?)?
1) How can you reduce costs that can be pared down, and use technology to do so?
Think anew about all your routine processes and ask: Is there a better way? Does it have to be done this way? Can technology, especially email and the internet, accomplish the same?
Consider paper invoicing, mailing and labor costs: could an invoice travel from you to your customer by email, be opened and paid all in one transmission? Sure. See this blog's most recent posting or cruise over to our greinvoice website, for details of a new service we offer: http://www.greinvoice.com. Imagine saving postage (goes up again in May!), paper and envelope costs (I cannot believe how expensive paper is getting), and getting paid faster right on the email/web-based invoice you send the customer. That gives you more time and money to do other things like optimize your cash flow or measure your business results while your payment is on its way to you. Win win.
2) Why not optimize working capital: that's an essential practice even in good economic times?
Have you tried to get a loan recently? Bank liquidity is drying up; I know, a bad pun, but you get the point. Bankers sleep best at night knowing their customers' working capital (especially their CASH FLOW) is as smooth and efficient as possible. After all, that's what's paying them back.
However, banks do not market all the best solutions. You need to go outside the banking industry to find out about ways to improve cash flow. Independent financial consultants offer new ways that banks don't offer. And each service should be tailored ot your specific needs. Like: faster cash in the bank account, no matter who helps you get it there faster, is what makes a lower interest rate on your loan, or whether the bank gives you a loan at all. If you don't do this, someone at the bank will measure your efficiency, which brings me to #3.
3) How and what do you measure? Who has the time????
Statistical measurement is anathema when your business is growing quickly. There's just no time to stop and measure. When business slows down, you are fixated on revving it up. Once again, no time or inclination to measure.
Certain services we offer provide historic totals and other ways at looking at your business graphically and seeing things in a new way. We made it easy to see a graph or chart, so you could gain new insight. If you do not measure your business, your banker will (see discussion in #2 above).
So, there you have it, another installment of how we can help you prepare for the recession. Just ask, or we may just suggest a few services.
1) seek ways to reduce costs
2) optimize working capital
3) measure your performance
How right he is.
I want to embellish some of his points hinting at how our services work to prepare any size company or nonprofit for the economic downturn we are in and will see continue for a while. But why wait for a recession to implement keener business and achieve smarterpayments (name rings a bell, huh?)?
1) How can you reduce costs that can be pared down, and use technology to do so?
Think anew about all your routine processes and ask: Is there a better way? Does it have to be done this way? Can technology, especially email and the internet, accomplish the same?
Consider paper invoicing, mailing and labor costs: could an invoice travel from you to your customer by email, be opened and paid all in one transmission? Sure. See this blog's most recent posting or cruise over to our greinvoice website, for details of a new service we offer: http://www.greinvoice.com. Imagine saving postage (goes up again in May!), paper and envelope costs (I cannot believe how expensive paper is getting), and getting paid faster right on the email/web-based invoice you send the customer. That gives you more time and money to do other things like optimize your cash flow or measure your business results while your payment is on its way to you. Win win.
2) Why not optimize working capital: that's an essential practice even in good economic times?
Have you tried to get a loan recently? Bank liquidity is drying up; I know, a bad pun, but you get the point. Bankers sleep best at night knowing their customers' working capital (especially their CASH FLOW) is as smooth and efficient as possible. After all, that's what's paying them back.
However, banks do not market all the best solutions. You need to go outside the banking industry to find out about ways to improve cash flow. Independent financial consultants offer new ways that banks don't offer. And each service should be tailored ot your specific needs. Like: faster cash in the bank account, no matter who helps you get it there faster, is what makes a lower interest rate on your loan, or whether the bank gives you a loan at all. If you don't do this, someone at the bank will measure your efficiency, which brings me to #3.
3) How and what do you measure? Who has the time????
Statistical measurement is anathema when your business is growing quickly. There's just no time to stop and measure. When business slows down, you are fixated on revving it up. Once again, no time or inclination to measure.
Certain services we offer provide historic totals and other ways at looking at your business graphically and seeing things in a new way. We made it easy to see a graph or chart, so you could gain new insight. If you do not measure your business, your banker will (see discussion in #2 above).
So, there you have it, another installment of how we can help you prepare for the recession. Just ask, or we may just suggest a few services.
Monday, February 11, 2008
Green B2B invoicing and payments
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Business invoicing has just gotten “greener,” resulting in more cash in a new, easy way to electronically send an invoice and receive payment, while conserving our natural resources. Beat the recession.
We just launched a new service called greinvoice, which allows businesses to send invoices to their clients by email, with a link on the email to open the invoice on the recipient’s screen, at which time they can pay the invoice by electronic check or credit card…no postage, paper, envelope or trash.
We brought together three best-in-class vendors in this unique service to handle invoicing and payments in a secure online environment. Additionally, we are pleased to be able to help the environment by reducing trash and simultaneously help our clients receive payment faster.
Perhaps we are ahead of the technology curve (as usual), but the simple economics of rising postage rates (announcement today of another one penny rate increase in May) and escalating paper costs and the looming recession make the focus on cash flow even more imperative. Our lower cost to use technology to deliver invoices and receive payment makes more sense now than ever.
We have shown companies, e-commerce sites and nonprofit organizations of all sizes, locally and nationwide, many other ways to improve their cash flow using new technologies and reduce the administrative effort and expense.
See the website, http://www.greinvoice.com/ and let us know how we can help you get more green (pun intended!)
We just launched a new service called greinvoice, which allows businesses to send invoices to their clients by email, with a link on the email to open the invoice on the recipient’s screen, at which time they can pay the invoice by electronic check or credit card…no postage, paper, envelope or trash.
We brought together three best-in-class vendors in this unique service to handle invoicing and payments in a secure online environment. Additionally, we are pleased to be able to help the environment by reducing trash and simultaneously help our clients receive payment faster.
Perhaps we are ahead of the technology curve (as usual), but the simple economics of rising postage rates (announcement today of another one penny rate increase in May) and escalating paper costs and the looming recession make the focus on cash flow even more imperative. Our lower cost to use technology to deliver invoices and receive payment makes more sense now than ever.
We have shown companies, e-commerce sites and nonprofit organizations of all sizes, locally and nationwide, many other ways to improve their cash flow using new technologies and reduce the administrative effort and expense.
See the website, http://www.greinvoice.com/ and let us know how we can help you get more green (pun intended!)
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