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“We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner. Against that backdrop, companies are re-evaluating and redesigning their entire supply chains, costmanagement life cycles and other processes across all industries from healthcare to manufacturing.
The new reality will be marked by low bookings; tight margins; financial pressures on online travel agents; and the need for costmanagement. Payments made on credit also incur significant administrative burden on companies that must reconcile invoices — unless electronic invoicing is used.
The release stated the partnership will let companies pay costs via a credit card, while accessing on-demand liquidity alongside costmanagement tools. Nets will provide the full-scale solution with a corporate credit and debit solution using digital services, enterprise card management and security tools, the release stated.
Managing Accounts Receivable: Efficiently manage your accounts receivable by invoicing promptly, offering discounts for early payment, and pursuing collections for overdue payments. Managing Accounts Payable: Delay payments to suppliers only when it is advantageous and do not jeopardize supplier relationships.
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