Healthy Cash Flow Possible with Payment Technologies

Poor cash management accounts for 82 percent of the difficulties companies face. Companies that are unable to generate cash flow have deteriorating relationships with their suppliers, are unable to make the investments needed for growth, and are unable to take advantage of alternative opportunities. Inflation is on a sharp rise all over the world. On the other hand, countries are adopting tighter monetary policies, making access to finance increasingly difficult. In the current period, cash flow is one of the key indicators that companies need to monitor most closely.

Deterioration in cash flow ranks first among the causes of corporate bankruptcy worldwide. According to US Bank research, 82 percent of company failures are due to poor cash management. Many threats await companies that cannot provide healthy cash flow. Companies with deteriorating cash flow have difficulty in financing, cannot make the investments they need to grow, and cannot take advantage of alternative opportunities. Poor cash flow also prevents companies from paying their suppliers and other creditors on time.

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Centralized Management

Payment technologies also contribute to the financial strengthening of companies by creating a healthier cash flow. Paynet, Turkey's leading company in payment systems, supports companies financially with many solutions it offers at this point. For example, Paynet member workplaces can manage their financial transactions from a single screen with PayPortal. With PayPortal, which Paynet members can use without paying an extra fee, transactions such as financial reports, cash flows, due payments and customer collections can be viewed.

Collection Gets Easier

Paynet Dealer Network Solution enables companies with dealers and sub-dealers to easily manage cash and collection flow. In the sales process from the manufacturer to the end user, the collection is automatically transferred to all stakeholders with the Paynet Dealer Network Solution. Instantly, everyone's progress payment amount is allocated to the relevant bank accounts.

Costs Fall, Customers Benefit from Installment Option

Paynet Mobile Application makes it easier for merchants to receive payments in field operations. The Paynet Mobile Application, which is compatible with all debit and credit cards, enables fast collection. With the solution, which is compatible with smartphones and tablets with iOS and Android operating systems, companies can receive payments remotely via a link, wherever their customers are. After the customer fills in and confirms their information on the payment page they access via the link sent via SMS, e-mail and WhatsApp, the collection is easily realized. Paynet Mobile Application thus offers unlimited freedom to businesses in terms of payment.

Thanks to the free Paynet Mobile Application, the cost of portable POS devices is also eliminated. In addition, since it is contracted with all banks, costs are significantly reduced and customers can benefit from convenient installment options with all credit cards. Paynet also offers plus installments to businesses. Businesses create installment shopping opportunities for their customers at more affordable costs through contracted banks. Thus, they pave the way for more sales. Payment and collection tracking is done with a single click.

Paynet Open Banking service enables businesses to manage all their accounts in different banks from a single screen. Account transactions in different banks can be monitored and reported on a single platform. In addition, companies can monitor their cash flow instantly and track payments and collections with a single click.

Increasing Operational Efficiency by Digitizing Cash Flow

Stating that cash flow has become more important than ever in an inflationary environment, Onur Ertürk, General Manager of Paynet, says that companies need to be more careful than ever in this regard, especially as access to financing has become more difficult. Ertürk talks about the value they create for companies at this point as follows: