What is Payt and how does it help your organization move forward?

How does Payt work?

Payt is the most comprehensive software for accounts receivable management. With our cloud solution, you can automatically follow up on invoices, send reminders and dunning letters, and keep your customer interactions personal. More than 17,000 users use Payt daily. Millions of invoices are sent through our platform every month.

With Payt, you manage the entire accounts receivable process in one system. No more separate tools or manual actions. Everything is automatically followed up while you maintain oversight.

On this page, we will cover the following points:

1. What does Payt’s software do?
2. Who is Payt for?
3. What are the benefits of Payt?
4. How does Payt work in practice?
5. Schedule a demo now

What does Payt’s software do?

See below what our accounts receivable management software can do for you.

Automated follow-up

Every invoice is automatically followed up at set times with a friendly reminder or notice. You determine the pace and tone.

Dialogue through invoice portal

Through the customer portal, clients can easily get in touch, arrange payment agreements, or ask questions. All communication is stored centrally.

Various payment methods

With Payt, you can offer your customers the following payment methods: iDEAL, QR code, PayPal, credit card, direct debit, and Bancontact.

Smart payment plan

In Payt, you can easily set up a payment plan. This can be initiated by either you or your customer. You set a minimum amount, and the follow-up is completely automated, just like with invoices and reminders. The payment plan can be enabled or disabled at any time.

Creditworthiness check

Through the integration with GraydonCreditsafe, you gain more insight into the creditworthiness of your customers. This allows you to initiate a conversation to make clear agreements with a customer based on their creditworthiness.

Electronic invoicing

Sending invoices electronically and having the recipient receive and process these invoices electronically is different from sending and receiving PDF invoices. Exchanging e-invoices ensures quick data processing, fewer errors, and significant cost and time savings.

Notes and task lists

With Payt’s internal note feature, any colleague can easily make notes on a specific invoice or for a customer. When a colleague makes arrangements with a debtor, it can be easily recorded. This way, another colleague has the details readily available. It’s also possible to assign tasks to yourself or to a colleague.

SmartCollect follow-up

SmartCollect adds an intelligent intermediate step before you initiate an external collection process. With automated workflows and customer-friendly communication in reminders, an average of 65% of outstanding invoices are paid, fully managed in-house and compliant. This reduces friction and prevents reputational damage. We offer this for € 19.95 per assignment.

Artificial Intelligence (AI)

The AI features within Payt are designed to make your accounts receivable management smarter, faster, and more effective. By automating routine tasks, you have more time for the matters that truly require your attention. Here are the key AI applications you can already use in Payt today:

• Payment prediction
  Based on historical payment behavior and thousands of data points, our AI predicts when an invoice is likely to be paid. This gives you more accurate insight into your cash flow and lets you know exactly when to take action.
• Smart labeling feature
  Our AI recognizes patterns in communication, payment behavior, and customer characteristics. The system then automatically labels your accounts, allowing you to segment faster and execute targeted actions. Think of distinguishing habitual late payers or customers who frequently request payment arrangements.
• AI worker for follow-up
  The AI worker automatically calls your accounts when an invoice remains unpaid. This digital colleague handles the conversation professionally, with a friendly and clear tone. You no longer need to spend time on calls about overdue payments, while your customer is still approached personally.

Want to know more about how AI can take work off your hands? Check out the possibilities on our artificial intelligence page.

How does Payt work in practice?

At Payt, we ensure a smooth and personalized implementation of our software, tailored to your organization. The implementation process consists of four clear steps:

1. Introduction & assessment
In the first phase, we get to know you and your organization. Together, we analyze the current processes around accounts receivable management. What is already working well and where are the opportunities? We map out which systems or accounting packages you use and which integrations you would like to establish with Payt. This ensures that our solution seamlessly aligns with your existing workflow.

2. Technical setup
Next, we technically set up your personal Payt environment. We ensure a stable connection with your accounting package and configure the workflows, payment reminders, online payment options, and communication settings. We also import existing customer data so you can start immediately with up-to-date information.

3. Training & explanation
After the setup, you will receive practical training via a webinar. In this session, you and your team will learn how to work efficiently with Payt’s software. We explain how to maximize the benefits of automated processes and provide insights into the possibilities for legal procedures, if necessary.

4. Go live
After the training, we go live. The automated workflows are activated, and the initial processes are started and monitored. We remain closely involved during this phase and offer support for any startup issues. Our goal is for you to see immediate results and automate your accounts receivable management with confidence.