article thumbnail

Suppliers: How to get your retail business customers to pay you quicker

Inside Retail

In this article, we outline how your business can strengthen its cash flow and grow by providing more payment options to retail business customers. While trade credit may be convenient for your customers as they don’t need to pay anything upfront, it can cripple your business’s cash flow when payments are late. . Boost cash flow.

Flow 355
article thumbnail

BNPL: It’s been a hit for consumers and now businesses get their turn

Inside Retail

Offering people the ability to spread out their payments for goods and services across regular intervals enables consumers to better manage their own cash flow. With the potential to transform how companies manage their cash flow, BNPL for businesses is here to stay. . Click here to download your free guide.

Consumer 246
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why it’s a good idea to offer payment plans to your business customers

Inside Retail

Late payments may occur for several reasons, including administrative errors, cash flow problems, manual processes where invoices get lost in email inboxes or the post, or it can be simply put down to limited payment options. Happy customers are loyal customers. This article is for general information purposes only.

Planning 264
article thumbnail

The retail turnaround rules

Inside Retail

Be sure to download the 2024 Australian Retail Outlook to discover more. Sometimes, sales and margin underperformance happen quickly; on other occasions, it takes a while for management to realise they are trending downward. Rule 1: ‘Houston, we have a problem’ When a business is financially challenged, time is of the essence.

Flow 130
article thumbnail

The benefits of financing your business growth

Inside Retail

For example, a Business Characteristics Survey from the Australian Bureau of Statistics found that 41 per cent of businesses needed finance to strengthen their cash flow while a further 30 per cent of companies were in need of capital to upgrade machinery and equipment. . Limit credit exposure, get paid on time and drive improved cash flow.

Flow 246
article thumbnail

Zalora, Shopback and BridgerPay: Revolutionising the customer payment experience

Inside Retail

“We wanted to give users the ability to better manage their cash flow. With BridgerPay and Shopback, Zalora doubled its revenue from BNPL and was able to better manage its tech resources. From Zalora : Zalora is a customer-centric organisation that doubles down on making the payment flow seamless for the customer.

Flow 130
article thumbnail

Boost Your Marketing Performance in 2024 with Top Customer Engagement Tools

Retail Focus

By connecting audiences through various channels like push notifications, in-app messages, emails, SMS, and WhatsApp, Pushwoosh facilitates seamless communication flows. With this tool, you can initiate event-triggered or scheduled message flows, build user segments right in the interface, and run A/B/n tests.