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5 common (and costly) time thieves in invoicing and payment

Despite digitalization, many companies still waste significant amounts of time and resources on inefficient invoicing and payment processes. Which of these administrative time thieves do you recognize in your operations? And what could you and your colleagues achieve if you eliminated them?

Your Customers Want to Pay. Most of Them, Anyway.

Is your company unintentionally punishing your entire customer base because of a few late payers? Dunning processes focused on fees and collections may seem effective in the short term but can become a costly long-term strategy. Here’s why – and how rethinking your approach can pay off.

Value Engineering: the Strategy to Maximize Your Invoicing Process’s Value

How your company collects payments is a more strategic question than you might think. Here, Billogram’s expert explains why Value Engineering can be a game-changer for your invoicing and payment processes.

4 ways of using a data-driven approach to optimize your payment flows

How do you view your company’s invoice-to-cash process? Is it just a necessary means of getting paid? Or is it actually a valuable resource all on its own? Don’t miss out on the benefits of insights from one of your most important data sources. Turn them into growth engines instead! Here are four examples that will show you how to succeed.

Why you should choose a PSP-licensed payment partner

Secure transactions are a prerequisite for your business – but hardly your main focus. To ensure convenient and accurate payment flows for employees and customers alike, you must choose partners wisely. Here we explain what your company gains from your payment partner having a PSP license. Especially if you want to grow in new markets in Europe.

Hidden factors that make receiving payments unnecessarily expensive

Sticking to inflexible invoice and payment solutions devours internal resources, slows your growth journey – and allows your competitors to overtake you. Here are the underestimated factors that increase your total costs, both in the short and long terms.

Forget the Hype: Harness AI to Generate Real Value for Your Business

The possibilities of AI and machine learning appear to be endless. It’s easy to feel overwhelmed and have a hard time knowing where to start. So, how can your company use AI technology to realize real-time business benefits – without setting the wrong priorities, overshooting your target, or wasting precious time?

Digitalized invoicing – the path to better customer service and higher efficiency

It goes without saying that inefficient billing processes waste a company’s time and resources. But, deriving the full benefits from a digital billing solution is a relatively simple way of streamlining those processes and improving the customer experience at the same time.

Trying to maintain customer loyalty in a recession? It’s time to digitalize the payment experience!

During tough economic times, consumers are more apt to switch suppliers in order to save money. But how can digitalizing invoicing and payment processes help improve your customer experience? And how can you do away with the needless administration that leads to price rises? Here are tips for how to get your customers to stick around during a recession.

Increase your energy company’s profit margins with the right billing partner

During tough economic times, customers are more inclined to take a closer look at their suppliers and look for ways of lowering their costs. What then, should energy companies be doing to strengthen their position in the market during such times, without compromising on profitability or customer satisfaction? With the right partner and billing platform, you will be able to streamline your internal processes and improve your customer relationships, without having to invest in resource-intensive IT projects.

Billogram’s CEO on invoicing and payment trends

Invoices have been around in one form or another for around 5,000 years. But now, things are finally starting to change. We interviewed Billogram’s CEO and asked him to talk about some of the biggest trends and changes we can expect to see over the next few years.

The IT Dilemma: Buy A Ready-Made Solution, or Build One Yourself?

Making a strategic decision about whether to build your own IT infrastructure or purchase ready-made solutions is complex, and many pros and cons need to be weighed against each other. In this article, we are taking a deep-dive into the “Buy vs. Build” dilemma to provide you with input on what you should consider when deciding whether to purchase a ready-made billing platform or build one of your own.

What is “P27 Nordic Payments”?

P27 is a joint initiative between several of the Nordic region’s largest banks. Swedbank, SEB, Danske Bank, Handelsbanken, OP Financial Group and Nordea have joined forces to set up a company called P27 Nordic Payments, the purpose of which is to create a system for making payments in the Nordic region quicker, safer and more transparent. The letter “P” in “P27” stands for Payments, and 27 represents the 27 million inhabitants of the Nordic countries.

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