Credit control software is a perfect tool to optimize the financial management of your company. The financial situation of your company includes many components, ranging from accounts receivable management to streamlining incoming and outgoing cash flows. There are credit control solutions available for this, such as credit control software that also minimizes risks. This improves and strengthens the cash flow position in various ways.
What is credit control?
Credit control involves monitoring and managing cash flow in operational and financial terms. To strengthen a company’s cash flow, it is important, for example, that the payment of invoices takes place as quickly as possible. Without control over outstanding invoices and follow-up, your company’s cash position suffers. With automated follow-up of outstanding invoices, that risk is already eliminated. Solid credit control thus improves your company’s liquidity.
Automatic follow-up of invoices
Credit control software makes it possible to automatically follow up on invoices. By consistently and automatically reminding a debtor of their outstanding invoices, you save up to 80% of valuable time that you would otherwise spend following up on invoices. Want to know more about an invoice reminder? Read here what an invoice reminder is.
Improves payment behavior
Thanks to the constant way of communicating with debtors through automatic follow-up, payment behavior improves. It is also possible for the debtor to engage in a dialogue at the invoice level. This way, you maintain control over the process while still building the customer relationship. Our accounts receivable management software ensures that the invoice remains periodically visible to a debtor until it is paid. Moreover, it is also possible to easily start a payment plan from the system. Outstanding invoices can also be financed as desired.
Payment methods
With Payt’s software, you can easily offer multiple payment methods. This way, your customers can easily pay their invoices via an iDEAL button, a QR code, PayPal, or direct debit. This makes it easier for the debtor to use their preferred payment method, resulting in faster payment.
Checking creditworthiness
Checking creditworthiness is possible with the use of smart software. The dashboard provides insight into your customers’ credit scores. Alerts can be used, for example, when the credit score drops, indicating that the creditworthiness of a debtor is deteriorating. The creditworthiness of potential customers can also be checked in advance.
Getting started with credit control software
Do you also want to gain control over your company’s finances and save a lot of time? Get to know our credit control software by requesting a demonstration directly or try our software without obligation. This gives you the opportunity to quickly gain insight into all the benefits the credit control system has to offer.
