Improve Cybersecurity with Virtual Card Numbers

By | Cybersecurity | No Comments

It is no secret that technology has changed the world of business with paper-based payment transactions almost obsolete. With more companies and consumers relying on computer networks to send, receive, and process payments, sensitive personal and financial information is being increasingly stored online. While advancements in tech help to streamline processes and raise profits, among many other benefits, these advantages come at a cost: as the use of electronic data in business transactions has skyrocketed, so have the rates of…

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Announcing Our Partnership With FinWise Bank

By | General Business | No Comments

We’ve entered into a partnership with FinWise Bank to expand our business credit offering. This partnership strengthens our resources and helps us empower more businesses with the on-demand cash flow tools they need to grow. Effective today, a portion of Behalf accounts will be funded by FinWise and we plan a full transition of our portfolio by the end of the year. What This Means For Our Customers There are no significant changes to our current product offering. As your…

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3 Ways to Reduce DSO

3 Ways to Reduce your Company’s Days Sales Outstanding (DSO) | Behalf

By | Merchants, Behalf for Managed Sales, Behalf for Invoicing, Behalf for eCommerce | No Comments

How to Reduce Your Company’s DSO As most corporate decision makers will tell you, one of the most difficult aspects of running a business of any size is getting paid in a timely manner. At the same time, getting customers to make their payments on time is crucial to improving cash flow and keeping your company afloat. For that reason, most companies invest in a robust accounts receivable department to track customer payments and optimize cash inflow. In order to…

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The ultimate business credit guide

The Ultimate Business Credit Guide | Behalf

By | Business Credit | No Comments

How does business credit work? Most of us are aware of the importance of good personal credit and regularly take steps to improve and protect our score. Your business credit is just as important and plays a critical role in the long term success of your business. Unlike personal credit, business credit is not attached to your social security number; it’s linked to a business’ Employer Identification Number (EIN) or Tax Identification Number (TIN). A business credit score is an…

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Days Sales Outstanding

How to Close the Gap on Your Days Sales Outstanding (DSO) | Behalf

By | Merchants | No Comments

How to Close the Gap on Your DSO How effectively do you monitor your accounts receivable department? Every company gets paid on a unique timeline that’s largely dependent on its business model. To evaluate the efficacy of your company’s payment processing, look at your company’s DSO. DSO measures the average amount of time it takes for your company to collect payment on its sales. The lower the DSO, the faster your company profits from its sales. Your company’s DSO is…

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