Mesh Blog

  • Why You Need To Start Using Digital Wallets In Your Business

    Digital wallets were first created back in 1997, with Coca Cola allowing customers to purchase a can from a vending machine in Helsinki by sending a text. Unsurprisingly we have come a long way since then. As the number of mobile users exploded, so did the amount of digital payments being made via the cellphone.

    In 2011, using NFC technology, Google launched the first mobile wallet – enabling consumers to pay, earn points and redeem coupons directly from their phone. Even though only a limited number of merchants accepted this novel payment method with only one specific phone model, its popularity spread quickly, leading to the launch of Apple Pay in 2014.

    Since then, digital wallets have rapidly evolved including PayPal, Samsung Pay, GrabPay and many more, with 2.7 billion consumers predicted to be using a mobile wallet globally in 2022.

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  • What Is Spend Management Software?

    Whether it’s IT or marketing, almost every department incurs regular expenses. From SaaS payments to advertising costs, you can quickly lose track of where your money is going. Worst of all, many businesses are still operating in silos and relying on manual methods to track expenses.

    Inaccurate data, lack of awareness, inefficiencies- a long list of cons come with traditional expense tracking methods. Shifting to a modern approach and adopting spend management software can boost productivity and put you in control of your budget.

    Let’s explore why a spend management solution is the way ahead for businesses.

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  • 3 Ways Financial Automation Transforms Businesses

    It’s no secret that automation is becoming an ever-important tool for businesses and their teams. Although the conversation is generally dominated by marketing and sales automation, some clear use cases are emerging for financial automation, making it a worthwhile exploration.

    As companies expand and teams grow, manually keeping track of transactions, payments, and expenses becomes more challenging. Having a financial automation workflow can help alleviate many of these problems, enabling finance departments to dedicate more resources towards more pressing work.

    If you think about the day-to-day work that financial departments are doing, this takes on more importance. Running through a typical to-do list for someone working in the finance department, it’s clear that automation can cross many of those things off in a fraction of the time it might take. It gives team members more time to focus on what’s needed without getting bogged down in administrative and manual processes.

    This is the main reason why financial automation is becoming a fast priority for companies. It’s not just that it can save time (although that is a pretty big bonus!), but it’s also because it’s versatile enough that teams can apply it across various business functions.

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  • The Risks of Offloading Employees

    When employees leave, the offboarding process can be stressful. Depending on the amount of notice given and the circumstances under which they leave, there is usually a lot that needs to be done. It’s easy for things to slip through the cracks with everything else going on, and it can be a stressful process. Ensuring sensitive data is safe, removing their access to files and information, there is definitely a lot going on.

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  • Top Domain Expiration Mishaps Companies Wish They Would Have Spotted Sooner!

    A company’s website is more often than not the key gateway to their customers. When running a website there are lots of administrative, tech and design tasks to complete. Unsurprisingly, renewing your domain name when the time comes doesn’t always appear at the front of your to-do list.

    However, what happens when one day a customer searching for your trusted domain in hope of finding the service or goods associated with your brand, are shocked to find, well, an unrelated product they weren’t quite looking for? This funny sounding scenario is an all too real problem as these companies found out in a costly and embarrassing fashion.

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  • Why SaaS Subscription Management is Important

    SaaS tools help streamline your business’s operations. Instead of developing internal tools to help run your business, many pay for ready-made software which they adapt and integrate into the workplace. From Slack to Zendesk, these software products quickly become a vital component in your business’s day-to-day affairs. It has never been more important to keep track of and protect your SaaS subscriptions.

    Many businesses are unknowingly losing revenue every month by overlooking the thousands of dollars they spend on SaaS payments. As your team incorporates more software as a service (SaaS) into the workplace, it becomes increasingly difficult to manage the subscriptions, putting your business operations at risk. This is exactly what Subscription Management tools meant to solve.

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  • Expense Management Software for Businesses

    Expense management software is an efficient and easy tool to help companies manage their expenses. Old-style procedures of expense management are prone to unnecessary risks and issues like the loss of documents or human error.

    Plus, manually processing receipts and verifying documents by hand wastes time and resources. That’s why in recent years more and more companies are gravitating towards software to control their expenses.

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  • A Complete Guide to B2B Payments

    Businesses are playing catch-up in the world of digital payments when it comes to B2B payments. Whereas commercial payments have almost entirely moved to electronic transfers, many businesses are still reliant on the good old-fashioned paper cheque for their daily B2B payments. However, a wave of automation in the realm of digital payments has caused a gradual shift in the way businesses are going about their B2B payments.

    Simply put, B2B payments are the exchange of currency for goods or services between two businesses. Typically, B2B payments are used for media buying, eCommerce, and SaaS assurances. Any time one business invoices another, it is considered a business to business transaction.

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