If you own a small business, you’ve learned pretty quickly that your predicted and actual cash flows don’t always match. A dip in sales, unexpected expenses, and unplanned opportunities can all create demand for additional cash. Whatever the cause, a lack of cash can be extremely damaging to your business and can lead to wasted … Continue reading Invoice Factoring vs Small Business Lines of Credit: Key Similarities and Differences
Yesterday, we ran the newest edition of our workshop “Scaling your billing as your company grows” at Alchemist Accelerator to a crowded room of enterprise entrepreneurs. Being part of these workshops has been one of the most gratifying experiences of working here at Paid. Before Paid, I used to run a program for Spanish startups … Continue reading Educating people on the importance of a solid billing system
Paid is excited to release Organizations, a new way to (you guessed it!) organize and manage your customers. Sometimes, not all customers are equal. Perhaps you bill multiple departments within an company, and you need to to be able to report to their AP department company-wide metrics (i.e. unpaid invoices). Now with Organizations, you can … Continue reading Organize your customers with Organizations!
Many companies base their sales strategy in one-time and recurring discounts that make their offer more attractive to indecisive clients and give them a chance to play with the product at a reduced priced. For how often businesses employ a “discount strategy,” many companies do not properly document their discounts. We’re here to tell you … Continue reading How to handle discounts and keep your accountant happy
Paid is excited to announce the end of paper cuts for your company—or at least the ones caused by paper checks! With Paid’s new secure check lockboxes, you can automate all check handling and processing for your business with a just a few clicks. Although check usage is declining, billions of checks are still sent … Continue reading Say goodbye to paper cuts with Paid Check Lockboxes!
In this series of posts, we will talk about risk when it comes to billing. Each post will cover a specific type of risk and give some ideas of how to mitigate it. Although risk has a negative connotation, it’s important to understand that risk includes both the intentional and unintentional actions of payers. Understanding … Continue reading Managing Risk : Overview
Paid was created because it is difficult for any single company to get billing right. Billing is typically critical for your business, but it’s also not how most businesses make money. When starting a business, the last thing you should worry about is building your own a scalable billing solution. That’s why there are billing … Continue reading Foresight is 20:20