Simplified guide focuses on those Same Day ACH elements most essential to supplier organizations
Atlanta, GA, March 21, 2017 (Newswire.com) - As part of a wave of new payment options providing more choices and greater flexibility to supplier organizations hoping to improve cash flow, NACHA, the electronic payments association, recently introduced Same Day ACH. To help suppliers quickly understand the most salient points around this new payment option, Receivable Savvy, the research and best practice resource for Order-to-Cash professionals, today published The Definitive Guide: Same Day ACH, Essential details of speeding electronic payments through the ACH Network. The guide, available as a free download, outlines several areas most relevant to supplier organizations, including why Same Day ACH was introduced, the benefits it offers, how it works, and the 10 most relevant questions and answers for supplier organizations.
Receivable Savvy’s forthcoming 2017 Perceptions Study reveals that more than 80% of suppliers indicate that their most important issue when submitting invoices to customers is getting paid faster. The introduction of Same Day ACH allows supplier organizations to offer customers this expedited option as part of their overall receivables mix while also addressing their most pressing need.
“We’ve worked closely with NACHA over the last year and we see the value Same Day ACH provides to supplier organizations to expedite payment,” said Ernie Martin, Founder and Managing Director of Receivable Savvy. “We wanted to provide a quick-reference guide for suppliers on what Same Day ACH is, the differences between Same Day and “Classic” ACH payments and how they can leverage this new option to meet their financial objectives.”
About Receivable Savvy
Receivable Savvy helps supplier organizations master the Accounts Receivable and Order-to-Cash process by maximizing revenue through proprietary research, best practice content and insight from subject matter experts.
Founded in 2015, the Receivable Savvy mission is to cultivate knowledge and understanding among suppliers while also delving into their habits, practices and preferences. Comprised of industry veterans, Receivable Savvy strives to be the primary source of financial supply chain information for Accounts Receivable professionals focused on key elements of the Order-to-Cash process.
Receivable Savvy helps its members understand issues around customer master data, order management, credit management, invoicing, accounts receivable, payment, collections management, invoice financing and cash application.
Source: Receivable Savvy