Does your company know how to improve cash flow by eliminating the payment delays that slow everything down?
Manufacturing companies rely on timely deposits to manage production timelines, purchase materials, and schedule labor.
Choose PDCflow and your manufacturing business can send messages to request an esignature and payment all in one step. Stabilize revenue and speed up your processes.
Why Improving Cash Flow Predictability Matters in Manufacturing
Finding ways to improve cash flow is essential. Especially if your company operates on thin margins or requires upfront capital to keep running.
You need steady payments coming in to cover high production costs and to accurately plan for the future.
Other Costs of Waiting on Payments
When customers don’t sign agreements and pay on time, it’s obvious your cash flow will suffer.
As many manufacturers know, these delays can lead to other problems that hurt your bottom line too.
- Bottlenecks in operation: Delayed deposits or payments cause bottlenecks in procurement, staffing, and scheduling.
- Service disruptions and confusion: Putting jobs on hold while you wait for payment creates confusion with teams and customers.
- Late payments and non payment: Invoicing after contracts are signed increases the chance of delinquent payments. You may lose out on some of that money permanently.
- Wastes employee time on needless follow-ups: Manual reminders and follow-ups waste staff time and increase production cycles.
Better eSignature and Payment Workflows, Better Cash Flow
If your monthly cash flow fluctuates because customers drag their feet on deals, there’s a better way to keep business steady.
Most manufacturing companies need deposits and signatures to move a sale forward. Many of these businesses struggle because processes are manual, disjointed, or take too many steps.
Rolling both parts of this process into one secure request speeds up work. It also improves tracking ability and gets your company paid faster.
How to Improve Cash Flow by Collecting Deposits and Signatures Together
How much time does your business lose between a signature agreement and taking a payment?
You could be putting that cash toward your business today.
Taking payments up front with a contract approval signature makes it faster and easier for customers to sign and and pay—improving cash flow.
But first, you need to evaluate your current processes. Where are customers getting stuck, and what are some ways to improve cash flow through better software technology?
What's going wrong?
Many orders get stalled because the process is too hard—either for staff to execute or for customers to complete.
Staff issues
If employees have to log into too many systems it makes work more confusing. Manual processes also call for manual follow-up, which wastes time and opens the door for errors.
Customer issues
Customers shouldn’t need to receive more than one request to sign contracts, receive documents, and pay. The more steps it takes, the higher the risk of stalled or abandoned orders.
Potential customers may feel frustrated or abandon the process because you’re making things too hard.
How To Combine Payments and eSignatures With PDCflow
PDCflow is designed for sending fast, easy-to-complete business requests.
- Choose your contract and payment request template. Fill in the transaction details, upload your contract PDF, and send.
- Your customer receives the message and clicks on their unique URL. The customer can read and approve the contract with a legal esignature, then enter their payment information.
- Your team gets real-time event notifications, so they know where a customer is in the process (opening the message, signing, and paying for the order).
Increase Cash Flow With PDCflow’s Document and Payment Software
PDCflow was created to take care of esignatures, payments, and document delivery together from one system. That way, your company can focus on increasing cash flow, not juggling office operations.
Here are some of the features we offer that make office operations simple for manufacturing companies:
- Create unlimited templates: Create as many pre-created messages as you need for your business. Using templates speeds up operations, creates brand consistency, and cuts down on human error.
- Send secure messages: Ensure only the intended recipient can view your business contracts and documents. Use email and text message channels to request secure esignatures with optional two-factor authentication.
- Manage signatures and documents: Send contracts to multiple recipients and control signing order. Send up to five documents all in one message.
- Take PCI compliant payments: Take payments in a secure, PCI compliant environment. No need to store payment data—we do it for you.
- Track progress: Get automated notifications as your messages are opened, completed and sent back to reduce manual follow-ups.
- Automate reminders: Set up automated reminders, so customers receive a nudge before a request expires—no manual work necessary.
- View detailed reporting: Drill down to a single transaction to keep track of an important deal. View overall performance to get business insights at a glance.
- Integration options: Integrate through our open APIs to access everything from your current system of record. Take advantage of drop-in and low-code elements, and our developer support.
Our payments and esignature features are all available in PDCflow—not via a plugin. Everything is in one place, so you don’t need to worry about two separate softwares for contracts and payments.
With our system, get payments faster, see higher signature completion rates, and access detailed reports for easier bookkeeping.
PDCflow Insights Report Example
Carlisle Wide Plank Floors: Seamless Customer Contract and Payment Experience
PDCflow customer Carlisle Wide Plank Floors manufactures high quality flooring for customers and businesses.
Before PDCflow, they were using two separate software systems to send a contract and take a payment.
Working in two systems created extra pressure on the customer service team. They often had to follow up with a customer several times to make sure both a contract was signed and an order was paid.
The Results
With PDCflow for contracts and payments, Carlisle was able to:
- Eliminate the need for follow-ups on half-finished workflows.
- Reduce the number of software tools it takes to complete tasks saving money.
- Achieve a 74% completion rate of contracts with a payment, for a more predictable, improved cash flow.
Ready to improve your company’s positive cash flow and reduce delays?
See how manufacturing teams can collect payments at the time of signature with PDCflow.
Request a Demo:
Want to know more about PDCflow Software?
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- ABOUT THE AUTHOR -
Hannah Huerta, Marketing Specialist
Hannah Huerta is a Marketing Specialist at PDCflow. She creates content for the accounts receivable and payment industry.
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