Monday, December 2, 2024

Canada Post Strike Highlights the Need for Payment Digitization

by

Cashflow.io

Monday, December 2, 2024

Canada Post Strike Highlights the Need for Payment Digitization

by

Cashflow.io

Monday, December 2, 2024

Canada Post Strike Highlights the Need for Payment Digitization

by

Cashflow.io

Canada Post Strike Halts $150M in Payments: Why Businesses Must Embrace Digital Solutions

Monday, December 2, 2024

by

Cashflow.io

The Canada Post strike, which began on November 15, 2024, has caused significant disruptions for businesses that rely on paper-based payments and correspondence. As of this writing, approximately $150 million in paper cheque payments remain stuck in transit, with the figure continuing to grow as the strike persists. These delays have left businesses grappling with cash flow issues, overdue accounts receivable, and strained vendor relationships.

This ongoing disruption highlights the vulnerabilities of relying on manual, paper-based processes for critical financial operations. Delayed or lost payments not only hinder cash flow but also increase administrative costs, forcing businesses to seek more reliable solutions.

Enter Cashflow.io, a platform designed to digitize and automate accounts receivable and payables. By embracing digital tools like EFT payments and secure payment portals such as PayLinks, businesses can bypass postal delays, ensure timely transactions, and streamline operations. Cashflow.io integrates seamlessly with existing payment systems or offers payment processing services, including EFT and credit card options, for businesses without a provider.

Take control of your payment processes and protect your business from external disruptions. Learn how Cashflow.io can future-proof your financial workflows by visiting Cashflow.io.

Try out the Cashflow.io demo for FREE!

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Try out the Cashflow.io demo for FREE!

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