New Invoice and Payment Trends for Distributors

Sending invoices has long been a necessary evil for the Accounts Receivable departments in distribution companies. The nature of the business drives the volume of invoices sent quickly into the thousands even for a relatively small distributor, resulting in invoice mistakes, high cost and inefficient cash flow. Over the last couple of years, distributors have begun to tackle these problems. Finally, "billing mail houses" aren't a distributor's best option to remove the costs and hassle of printing, stuffing and metering.

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New! Transcepta Distributor Edition

Distributors now can reduce invoice and collections costs, speed cash flow and increase efficiency--without engaging in costly IT projects.

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Transcepta, located in Aliso Viejo, Calif., was founded in 2005, by executives with over 25 years of experience in distribution software. After seeing firsthand the challenges distributors face with high volumes of invoices, Transcepta set out to develop the premier invoice and electronic payment solution and make it available to businesses of all sizes. Today, distribution customers from across the United States enjoy the benefits of sending invoices and processing payments through Transcepta. With the recent release of Transcepta Distributor Edition, customers now have more power than ever before to reduce costs, speed cash flow and gain valuable insight into customer trends. Dynamically releasing customers on credit hold is just one of the many features available to Transcepta customers. To learn more, request a 15-minute Web demonstration or distribution customer case study.

Case Study:
Main Electric Supply Co. Reduces Costs by 50%

Analyst Report:
PayStream Advisors Presents Electronic Invoice and Payment Trends

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Upcoming Webcast: EIPP Trends in Wholesale Distribution

Leading analyst PayStream Advisors will cover the latest Electronic Invoice Presentment and Payment trends in wholesale distribution. Best practices, benefits and more will be illustrated through a distributor customer success story.

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Accept plastic as payment, expect more sales

The reasons people choose to pay with plastic range from not wanting to carry cash to wanting to gain loyalty points or trying to save cash on hand. As more consumers are paying with plastic cards -- either credit or debit -- it makes sense for businesses to accept multiple forms of payment. BusinessWeek/AllBusiness.com (12/5)

Web allows more SMBs to do business

The Internet has opened many doors for the small-business operator, by allowing entrepreneurs with only a little Web experience and even less start-up capital to create a profitable business. There are many companies that specialize in creating and maintaining basic Web sites for small monthly fees, and there are dozens of Internet payment options for when customers are ready to buy. BusinessWeek (9/5)

McKesson CEO reaches to roots for company philosophy

John Hammergren, CEO of the drug W-D giant McKesson Corp., says he was inspired by his father, a medical product salesman, and learned from him the importance of bonding with customers. Hammergren helped bring the company back to stability after accounting issues in the late 1990s. USA TODAY (1/22)

SEC to tweak Sarbanes-Oxley, offer some relief

The SEC and the Public Company Accounting Oversight Board are working to streamline certain aspects of the Sarbanes-Oxley Act, especially in the area of internal control requirements. While any changes are not expected to offer much relief in terms of compliance costs, they are expected to offer more companies protection against lawsuits. BusinessWeek (12/5)

Editor's Note:
The SmartBrief news archive contains content appearing previously in SmartBrief publications. SmartBrief editors were not involved in the selection of these articles for the Sponsored Feature.