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ISVs vs SaaS: What’s the Difference?

Stax

Independent Software Vendors (ISVs) and Software-as-a-Service Providers (SaaS) operate within the same market, thus creating a push-and-pull revenue dynamic. TL;DR ISVs develop and distribute software products independently and often collaborate with hardware manufacturers and platform providers.

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Days Sales Outstanding Formula: What is DSO and How Do You Calculate It?

Stax

But in reality, companies often have to spend considerable time and resources chasing down late payments that are stuck in Accounts Receivable. Promptly collecting payments from your customers is essential to run a sustainable business. In fact, 81% of large retailers say that real-time payments are critical to their operations.

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Understanding Risk Management Strategies as a PayFac

Stax

For SaaS companies, becoming a payment facilitator (or PayFac) offers a ton of advantages—including but not limited to—boosting retention and profitability while exercising greater control over the customer experience. For example, the breakdown of old hardware, human errors, or malware can cause a hindrance to payments.

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What is Dynamic Pricing? Everything You Need to Know About Implementing Dynamic Pricing in 2024

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Benefits of Dynamic Pricing For businesses: Increased revenue, better inventory management Being able to adjust prices based on market conditions enables businesses to maximize revenue. In Q3 of 2023, Amazon’s profits nearly tripled, mostly as a result of price-conscious customers using the platform to find good deals.

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How to Implement Self Checkout for Small Business

Stax

These mobile self-checkout terminals allow customers to scan items one by one as they navigate the store, then proceed to a cash register to finalize the payment. App-based scanning and payment. Some retailers have mobile apps that convert smartphones into scanners and payment portals. RFID readers. Compatibility. Scalability.

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How to Understand Your Profit and Loss (P&L) Statement

Stax

Your P&L statement is a simple yet powerful financial reporting tool that not only highlights the current financial position of the business but also charts a course for the future. For the many small business owners working to improve their financial health and performance, this is your go-to guide for all things profit and loss.