AR Operations efficiency spreadsheet - Order2Cash
February 19, 2018

Here’s How to Save $1M This Year Without Even Trying

Damian Leslie  

by Linda van Kampen. VP Sales at Order2Cash.

Here’s a February newsflash: Almost everything you try this year will be hard.

If you’re adopting resolutions, it will be tough to get to the gym, lose weight, and finish your professional certifications.

If you’re at work, it will be tough to set the right strategy, develop the right products and services, achieve your business goals, and outpace your competitors.

So in the spirit of giving, here’s a freebie: You can save $1M without even trying.

Here’s how.

Most B2B companies process millions of dollars of credit card fees. Their customers value the convenience, and U.S. suppliers value the speed, accuracy, and reliability of payments.

But all that comes with a cost, and a rather large one to boot: Companies pay at least $2.2 million in credit card fees for every $1B in revenue they earn.

It doesn’t have to be that way.

You can slash credit card processing fees by $1M or more simply by enriching credit card data.

Your bank probably won’t offer to just drop processing fees, but we will.

Of course, you’ll need to implement an online invoicing portal – but you want to do that anyway. Your customers are asking for online payments, and they’re implementing portals of their own.

See what happened when this B2B company realized it was entering invoice data into 11 different customer portals.

So by moving ahead of the market, you can deliver a better customer experience and open the door to significant benefits such as:

  • Invoicing costs that are 60% to 80% lower than manual processes
  • Payment speeds that are at least 4 days faster than print and mail
  • Business intelligence, such as customer credit risk, invoice status and exceptions, payment patterns, and collection issues

And let’s not forget the credit card processing savings of $1M or more. It’s easy. It’s achievable. And it’s already been done.

Build a better business that makes sense and moves fast with online invoicing.

Get our infographic – and learn how to get paid online.