With the holiday season in the rear-view mirror, shoppers may be looking for a break. However, retailers are primed to use this time to begin implementing a busy 2024 road map. Retail industry leaders are exploring ways to navigate the ripple effects of inflation and to integrate data-driven insights into digital transformation strategies. When previewing…
Brandon Spear
It’s not uncommon for retailers to ask for additional time to pay their invoices. However, if retailers can’t pay, that puts bad debt on suppliers’ books. Research shows that more than one-third (36 percent) of accounts receivables (A/R) departments write off up to 25 percent of their receivables as bad debt each year. During an…
B-to-B retailers are in a constant struggle with cart abandonment. While sellers may be quick to point fingers at the product or blame customer indecision, it’s quite often outdated payment processes that leave buyers unsatisfied and running to the competition. The fact is customer expectations are evolving. And even in the B-to-B space, customers want…
