Balance

2023 was a big year for Balance. We: -Surpassed 100,000 businesses on the platform -Added market-leading customers including one of the top 5 GPOs in the US and one of the top 10 ranked largest private companies, according to Forbes -Signed Fortune 1000 Companies -Launched a cross-border net terms product with Hokodo -Named one of the top 100 fintech companies in the world by CB Insights …And a lot more. We also built a lot and now we're thrilled to unveil it all. Four product suites, covering the entire business transaction lifecycle. A new website. A new brand identity. Check it out here: https://hubs.ly/Q02gBnVh0

Join us on June 4th at 3 PM ET for a live webinar! Discover how Balance’s end-to-end approach to B2B payments can drive growth, cut costs, and streamline processes across your organization. Key Takeaways: - Increase AOV by 25% with our digital net terms program - Save up to 87% on processing costs with bank payments - Gain real-time visibility of payment operations across teams Hosted by our VP of Sales, Eyal Raab and VP of Operations, Yoav Caspi, the webinar this Tuesday will feature insights from our customers to demonstrate the tangible business impact of Balance's platform. Save your spot now →  https://lnkd.in/ddzppfgk

Celebrate the start of the summer with Balance. In two weeks, we'll be hosting a networking event for finance, eCommerce and technology leaders, featuring guest speaker Paul do Forno. Paul is a leader in B2B commerce with over 25 years of experience in digital transformation, strategy and consulting. Come for a drink, stay to discuss how B2B businesses can drastically cut their costs on payment processing (in new ways). See you in SoHo on June 6! Save your spot → https://lnkd.in/d78R76Cs

As our partnership with #NAED and member companies strengthens, we’re taking things on the road! Next week we’ll be at the National Association of Electrical Distributors (NAED) National Meeting in Austin, TX. Balance works with the leading distributors to help them grow their businesses. Our connected net terms, A/R and payment solutions help distributors grow their customer base and AOV by up to 106% while reducing overall payment costs by 15%. Curious to hear more? Stop by and say hello to Rayner Turley and Kurt Barnes, who will be representing Balance at the National Meeting. See you in Texas!

It’s not easy to change the behavior of buyers who are used to paying with a card. One of the biggest objections that we touched on in our webinar is that cards are often the only form of credit buyers have. You can change this by making credit available to ALL of your buyers, including the long tail, not just managed accounts. And if you take the extra step of making paying on credit in the checkout as easy and frictionless as possible, you enhance the incentive of paying on terms even further. We have another webinar coming up in a few weeks where we'll dive more into the revenue opportunities that payments can bring to your organization. Register here: https://hubs.ly/Q02qdF5Z0

BIG news for the fashion industry today! FASHIONGO, the leading B2B fashion wholesaler in the U.S, is launching a first-of-its-kind B2B payment solution, powered by Balance. With thousands of brands and close to 1 million registered retailers, FashionGo’s release of Dynamic Net Terms will immediately catalyze revenue growth across tens of thousands of businesses. In an industry where only 5-15% of SMB buyers are approved for credit but 95% of credit demand arises from SMBs, Balance’s Zero Decline Model™ allowed FASHIONGO to go way beyond the industry and offer: -Greater access to funds by increasing credit limits as buyers build their order history. -Net 60, 45, or 30 days with the option to split payments between cards and credit. -Approval rates 5-6x higher than industry standard for SMBs. All at no cost to FASHIONGO retailers. We could not be more excited to support FASHIONGO and the small businesses relying on their platform to grow. Grab the link in the comments to learn more.

What happens when you remove the burden of extending trade credit? Move your entire customer base to an online payment solution? Start managing invoices digitally? We sat down with Michael Eichinger of Bay Supply Fastener Marketplace to learn about the journey the company undertook to embrace a modern, streamlined approach to payments and the growth the business saw as a result. Check out the full story here: https://hubs.ly/Q02n0vDN0

Conversion rates and net terms are not typically brought up in the same webinar. But that’s exactly what we did. Why? Think of your upfront investment in guiding customers down the funnel – they've picked products, loaded their carts, and are ready to check out. Losing them at this stage is costly. And that’s just one place where your net terms program can cost you in missed revenue opportunities. Treat your net terms program as a funnel, optimize each step, and you can increase revenue and sales. We have another webinar coming up next week - this time focusing on credit card optimization and how it bring an immediate impact to your bottom line. Save your spot here —  https://lnkd.in/dZDPMFNs

Excited to attend #fintechmeetup at Vegas next week to chat B2B trade from every possible angle ! See you there !

Many B2B companies overspend on credit card costs, which can get as high as 30%-40% of their net margins. But it doesn’t have to be that way. It can be one of the lowest hanging fruits to radically improve your profitability, with the least amount of effort. In our upcoming webinar, Optimizing Credit Card Costs for Distributors, we’re going to simplify it all for you, and lay out a clear plan for clean profit. We'll walk you through the process of optimizing IC+ costs, explain the different pricing models in the industry, showcase the power of tools designed for visibility into downgrades, and present real cases illustrating how implementing these strategies can lead to significant growth in profit margins. Save your spot here --> https://hubs.ly/Q02m8k8f0