EP258: Streamline Your Business with Cutting-Edge B2B Payment Solutions with David Ademola

PROFIT With A Plan

Streamline Your Business with Cutting-Edge B2B Payment Solutions

Introduction

Is cash flow a constant headache for your B2B or B2G business? Are inefficiencies draining your resources and profits? You’re not alone, and we have just the solution. In this episode, we're diving deep into B2B payment solutions, exploring strategies to streamline operations, save money, and enhance payment security.

Host: Marcia Riner, Business Growth Strategist and CEO of Infinite Profit®

Guest: David Ademola, B2B Payment Expert at PayNation™️

Key Talking Points

1. Removing Manual Processes

   • Automation in payment systems reduces errors and saves time.
   • Integrating accounting software like QuickBooks or Zoho can streamline data entry and processing.
   • Open API integrations simplify connections between existing platforms.

2. Accelerating Cash Flow

   • Using tailored payment solutions to cut down on delays and improve cash flow.
   • Understanding and utilizing Level 2 and Level 3 optimization to reduce processing fees significantly.
   • Automating recurring billing for consistent cash flow.

3. Increasing Payment Acceptance Security

   • Leveraging advanced data entry requirements for more secure transactions.
   • Using virtual cards to control and monitor spending.
   • Implementing robust fraud prevention measures to protect financial data.

4. Improving Efficiency and Reducing Costs

   • Multi-platform integrations (QuickBooks, Zoho, CRMs, and ERPs) to enhance operational efficiency.
   • Reducing steps in payment processing from multiple entries to one or two steps.
   • Enhancing inventory management through integrated systems to avoid overstocking and understocking.

5. Exploring Payment Options

   • Beyond traditional credit card payments: ACH, e-checks, and virtual cards.
   • Offering flexible payment terms for B2G clients, such as 30, 60, or even 90-day terms.
   • Managing subscriptions and memberships efficiently with updated payment systems.

6. Navigating Fees and Margins

   • Strategies for incorporating transaction fees into product pricing.
   • Educating on the difference between surcharges and cash discounts.
   • Understanding the impact of transaction fees on the bottom line and how to mitigate them.

Conclusion

Streamlining your payment processes can revolutionize your business operations and improve your financial health. Tune in to this episode to learn actionable strategies from David Ademola, a seasoned Fintech expert, and take your business to the next level.

Connect with David Ademola

For more information on tailored B2B payment solutions and a free analysis of your payment processing systems, visit longustreferralpaynation.com and reach out for a free consultation to optimize your payment processes.

Engage with Us

We’d love to hear your questions and comments! When was the last time you reviewed your payment processing? Drop us a message, and we’ll get back to you with personalized advice.
Don’t forget to subscribe to Profit with a Plan on your favorite podcast platform and stay tuned for more insightful episodes every Tuesday.

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About Marcia Riner. She is a business growth strategist who helps business owners dramatically increase their revenue, profit, and the value of their company. In fact, she can show prospective clients a clear pathway to profit and an impactful ROI for working here before hiring her firm. Through her proven Profit Booster® strategies, she gets results. Marcia is the CEO of Infinite Profit® and more information can be found at https://www.InfiniteProfitConsulting.com

Got questions? Reach out to Marcia and her team at [phone] ♾️