Put Payment History to Work!
How quickly your customers pay you -- and how quickly you pay your vendors -- affects your bottom line. PowerShift makes it easy to review payment trends on both sides of the balance sheet, information that's useful when you're negotiating prices.
Over time, your customers may use different practices in making payments to settle their invoice balances -- and if they've been taking longer to settle invoices, it impacts your costs. Simply run Customer Service Inquiry (CSI) for any customer, click Pmt history, then click Stats to quickly identify the customer's paying habits:
On the accounts payable side of things, you can use your past payment activity to negotiate with vendors. Run Vendor Service Inquiry (VSI), select a vendor, then click Stats to see trends in how your company has paid its invoices:
