More control and less work. Even in your industry.
Fast and secure invoice processing for every organization.
Fast and secure invoice processing for every organization
Saving costs? You can do it more effectively than just with low rates. As an organization, you want to spend less, but working more efficiently is even more important. You want to spend less time, get your money faster, and still maintain a good relationship with your customers.
In this article, you’ll learn how Payt’s accounts receivable management software helps with that. Not only by saving money but also by saving time and strengthening your customer relationships.
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Collection agencies are not known for their transparency. Many promise ‘no cure, no pay’ or even ‘free collection’, but in practice, a bill often follows. Sometimes the costs are passed on to you or your customer. There are even agencies that propose taking over your entire collection portfolio.
With SmartCollect from Payt, you choose a clear and honest alternative. No unclear terms or surprises later on. For a fixed fee of € 19.95 per process, you initiate a smart follow-up that encourages your customers to pay in a friendly manner.
SmartCollect is not a traditional collection agency, but a smart intermediary step. With the help of automated workflows and clear communication, it succeeds in getting paid in an average of 65% of cases. This not only saves you money but also prevents friction and reputational damage.
Since SmartCollect is part of Payt, you benefit from all the additional advantages the software has to offer.
Want to know more? Check out our SmartCollect page.
Accounts receivable management often takes more time than necessary. Consider sending reminders, checking payments, and following up on outstanding invoices by phone. With Payt’s accounts receivable management software, you can automate these recurring tasks, saving up to 80% of your time.
Additionally, you gain real-time insight into outstanding invoices, customer communication, and payment status. This allows you to make quicker adjustments and identify risks earlier, ensuring you always have a clear overview of the receivables process.
To make the workflow even more efficient, Artificial Intelligence (AI) is integrated into the software. Incoming messages are automatically recognized and labeled, so you can immediately see if a customer is making a payment proposal, asking a question, or raising an objection. This enables you to respond more quickly and effectively.
AI also assists in following up on outstanding invoices. Sometimes the issue isn’t with the customer but with the spam filter of their email program. Payt’s AI worker resolves this by calling the customer, helping them locate the email, and assisting in whitelisting the email address. This prevents delays and ensures that the next invoice is seen. Everything discussed in the phone conversation is automatically recorded in your dashboard.
An outstanding invoice? It doesn’t have to negatively impact your customer relationship. Payt provides your customers with their own online environment where they can view invoices, ask questions, and make payments directly.
With clear and friendly communication, trust is maintained, even if a payment is delayed. Our accounts receivable management software not only helps you move forward but also supports your customer. And that’s exactly what a good solution should do.
Getting paid faster is one of the biggest advantages of Payt. Our customers see their invoices paid on average 30 to 50% faster. This is due to smart follow-up, clear communication, and the convenience of digital payments.
Curious about what Payt can do for your organization? Schedule a demo below or download the brochure.
