Adrian Floate 16 December - 3 min read
A payment platform that lets customers settle multiple invoices in one transaction could be a ‘game changer’ for ending late payments.
Australian business software developers have created SpendaCollect, which allows customers to track, group and batch-pay all of their outstanding invoices simultaneously.
The unique software will also offer postpay options, where customers can negotiate payment options, including Buy Now, Pay Later and pay-by-instalments.
Providing customers with easy and flexible payment options is the key to getting paid quickly.
Buy Now, Pay Later financial services, in the business-to-customer (B2C) space, have enjoyed exponential growth in Australia by allowing customers to pay off goods and services in interest-free instalments.
We’ve essentially flipped the service to also cater for business-to-business (B2B) transactions.
Allowing businesses to process all of their invoices in one place saves time, money and resources for all parties.
The advantages of the SpendaCollect e-invoicing software include:
E-invoicing has transformed how businesses send and receive invoices. It automates the exchange of invoice information directly between a supplier’s and a customer’s accounting software.
For businesses built in the cloud, pivoting, scaling and expanding to new countries can be achieved at a very low cost. These companies also implement some of the latest systems and processes in payments technology — think instant payments, secure payment networks and the ability for customers to choose from a range of options in how and when they pay.
Late payments aren’t new to Australian businesses. For many businesses, having almost $40,000 in outstanding invoices is the reality of operating, but it doesn’t have to be the case.
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