Business payments made simple

Take payments, improve cash flow, collect debt, set up pay-later plans and get access to working capital.

Payments

A payment stack allowing businesses to take payments, collect debt, set up pay-later plans and get access to working capital.

Not your average payments system

Our payments platform is designed to simplify and reduce operational and administrative burdens that lead to poor cash flow. Our interface securely connects the customer and supplier ledger-to-ledger, and allows parties to select what invoices they want to pay and when. The system then instantly generates a payment remittance advice. 

To top it off, every part of the process is digital and automatically integrated into the small business accounting software of the customer and the ERP system of the supplier.

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Current Features

Full Visibility

View the accounts receivable ledger and target debt collection for all customers with overdue invoices in one simple UI.

Get Paid Quicker

Send out payment reminders and enable customers to pay one or many invoices through a custom online portal.

Simple Reconciliation

Integrate payments receipts and assist automation of reconciliation in connected financial management systems.

Virtual Terminals

Access an integrated EFTPOS solution complete with a virtual terminal for processing payments in-store, online or via phone.

Workflow Payments

Provides greater security and delivers instant payment when the job is completed or once a set event is triggered.

Buy-now, Pay-later

Offers B2B customers the same flexibility in payments as B2C with access to a third-party funding provider.

Competitive Rates

Flexible merchant rates for in-store, online and in-the-field. We offer one of the cheapest online rates in Australia.

Intent-to-Pay

Enter into payment plans with customers to better predict cash flow and gain certainty in debt recovery.

Explore our Payment Capabilities

Get in touch and discover what our powerful credit and cashflow management tools could mean for your business.  

What are Workflow Payments? 

Put simply, think about Uber, or any other ride-hailing service you have used. You book a ride on your app, the driver picks you up and upon arrival at your final destination, you will automatically be charged to your nominated credit card. It’s the same concept but applied in a business to business context. Workflow Payments enable businesses to automatically take payments following the completion of a job or when a pre-set status is met, removing the need to chase payments. Learn more about Workflow Payments 

Buy-now, Pay-later

In standard B2B trade, buyers are required to pay their suppliers according to payment terms, usually 30 days after the receipt of goods. This strict credit management regime can often force customers to purchases outside of their preferred supplier if they have overdue accounts, resulting in lost revenue for the supplier. With Spenda, businesses have the opportunity to interpose a funding partner into the buyer-to-supplier payment cycle and create an extended payment facility for any customer who elects to utilise this option.

What is an Intent-to-Pay framework? 

An ‘Intent-to-Pay Framework’ allows businesses to collaborate on repayment plans, otherwise known as Buy-Now, Pay-Later, and automates everything so the supplier knows when they will be paid and both businesses have a better view of their cash flow. Our collaboration framework is focused on connecting the buyer and seller through ledger-to-ledger integration to ensure they are working from a single source of digital truth.

A Better Payment System

With Spenda, businesses have the ability to realise faster payment times, along with providing a seamless experience for customers. By establishing the right tools and processes that enable pre-authorisation of credit cards, payments can be processed more efficiently.
 
Key benefits for businesses include:
  • Better cash flow – making it easy for customers to pay is the key to recouping costs and increasing sales.
  • Eliminates debt recovery – less time spent chasing up late invoices and creating improved relationships with customers.
  • Real-time collaboration – improves transaction flow with one integrated system that benefits both parties.
  • Less computer hardware – reduces the need for terminals (such as EFTPOS) in the field.
  • Security – good payment systems offer anti-money laundering (AML), know your customer (KYC) and two-factor authentication (2FA).

Contact us to find out more!






WHITEPAPER

Spotlight on Payments

B2B payment trends in Australia and key opportunities for SMEs to improve their cash flow in 2021

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Frequently Asked Questions

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