Get started

Spenda for Accountants & Bookkeepers

Smarter payment solutions to help businesses trade faster and get paid quicker

Get paid what you’re owed. On time. Every time.

Collecting debt from time-poor customers is burdensome, and limited payment options and multiple platforms can exacerbate collection efforts. 

It’s now time to streamline your approach and be at the forefront of digital innovations designed to put an end to late payments, improve the payment experience for your customers, and get you paid on time, every time.

Better bill presentment

When you make things easy for people to do, they are more likely to do it. If you apply this concept to your debt collection model then you’ll have a winning formula. Spenda simplifies debt recovery by bringing together the most frequently used payment methods into one platform, SpendaCollect

Your customers will no longer have to switch between online banking and your website, nor will they have to verify their identity with customer reference codes or invoice details. 

Traditional Business Payments

Spenda’s Payment Services

Conducted via

Multiple platforms depending on payment method:

  • ABA file transfers

  • Credit Card Transactions

  • Internet Banking

One connected platform that accepts:

  • Credit Card Transactions

  • Bank transfers

Identification of buyer and seller

Verified manually through:

  • Invoice numbers

  • Customer identification numbers

  • BSB and Account numbers

Automatic identification of the buyer and seller as linked accounts.

Payment type

Invoiced based payments, focused on the payment of each invoice individually.

Statement based payments focused on the total amount a business owes their trading partner with options to pay one, all or a selected number of invoices in one transaction.

Integration

Deposits to the merchant’s account are made as a lump sum, invoice allocation is automated for the merchant but not for the customer.

Supports ledger to ledger integration linking the payment event to the reconciliation event for both parties. Including itemised invoice references matched to discrete payments into the financials.

Settlement time

Transaction date plus two days.

Offers customers immediate settlement, for a fee.

Security

Accounts and cards are not validated in the payment process and therefore subject to fraud.

Both buyers and sellers are verified prior to payments being processed.  

Customers must demonstrate they own their card and the linked bank account prior to processing.

Pricing advantages

Direct debit and bill payment services charge up to 2.8% per transaction.   

Spenda delivers a flat rate on card payments and a capped fee on integrated account payments.  


Reconciliation and integration automation lowers the total cost of business payments and delivers a compelling ROI for both the merchant and their customer.

See Spenda in action

Get in touch to learn more about how SpendaCollect can help businesses get paid on time, every time and drive stronger cash flow.

Better systems designed to help you work smarter

With Spenda, customers can access a personalised view of your accounts receivable ledger (on a secure, approved basis) and see what they owe you. They can then choose to pay off one or multiple invoices in a single transaction via bank transfer or credit card and save a payment preference. The payment is then automatically reconciled into your accounting system, and into your customers accounting software if they have a Spenda account.

flexipayments-icon

More Payment Options

Customers can pay via credit card or their bank account and save their payment preference. They can also schedule how and when they pay.

automatedaccurate-icon

Automatic Reconciliation

Our automated tools eliminate errors and create efficiencies by syncing the sellers account receivable ledger with the buyers accounts payable ledger.

competitiverates-icon

Lower Transaction Fees

Benefit from lower payment processing fees with Spenda. Pay 1% up to 75 cents for bank transfers and 1.5% with no cap on card payments.

salesandreturns-icon

Certainty in Cash Flow

Spenda connects the buyer and seller through ledger-to-ledger integration. Payments can be mapped in real-time and businesses can better understand what money is moving in and out every month.

billpresentment-iconINVOICEINVOICE

Faster Payment Settlement

Our connected platform clearly displays what invoices are owed and enables customers to seamlessly pay one, all, or a selected number in one transaction. Immediate settlement is available for a low fee. 

Group 4

Improved business efficiency

Say goodbye to manual data entry and invoice payments. Spenda supports customer and supplier ledger-to-ledger integration, which automatically links the payment event to the reconciliation for both parties.

For a limited time, earn $100 for every business you refer that signs up to use SpendaCollect*

Get started with Spenda today







    We respect your privacy and only send the most helpful information and resources. Spam belongs on supermarket shelves, not in your inbox.

    *Terms and Conditions

    1. To receive the referral bonus, your referred business must sign up to SpendaCollect. You will then be issued with a gift card to the value of $100.
    2. The promotion will run from 11 May 2021 – 31 May 2021 and will be made available to the first 20 referrals, subject to clause 1.
     

    Frequently Asked Questions

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

     

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

     

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

     

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor

     

    Subscribe to our blog