It means the sector demands a robust and reliable Accounts Receivables (AR) system that delivers every time—and a system that understands its unique needs. So we built it.
Unpack a world of AR functionalities tailored to the wholesale and distribution industry—so you get paid faster and easier. They include:
Automate invoicing for large-volume orders, incorporating tiered pricing, discounts, and promotional offers.
Seamless synchronization with inventory systems to ensure accurate billing based on available stock, backorders, and pre-orders.
Handle billing complexities arising from various distribution channels, including e-commerce platforms, brick-and-mortar retailers, and direct-to-consumer avenues.
Define, manage, and monitor credit limits for different clients, adjusting terms based on payment history and customer relationships.
Manage multi-currency invoicing, tax implications, and regional regulatory compliances for global operations.
Control inventory provided on a consignment basis, billing retailers and clients only upon sale.
Easy integration with forecasting tools to adjust billing terms and incentives during peak and off-peak seasons.
Facilitate the swift reconciliation of payments—vital for businesses with high transaction volumes.
Automate volume-based discounts, early payment rebates, and other promotional offers.
Send automated notifications and reminders re: upcoming payments, stock availability, and special offers.
Dedicated online hubs for retailers and clients to view order statuses, make payments, and manage their credit terms.
Structured payment terms—including net terms, COD, and staggered payments—that cater to varied client needs.
Immediate boost to our cash flow by automating the dunning—and my CFO is freed up for the pitching and growth work that matters.
Revenue grew just from using Nova—and costs are dropping. The real-time intel means more nimble decisions in a volatile market.
We lifted revenue by 12% in the first quarter, we spend less getting paid, and we’re now making data-driven decisions.