Ezpays automates accounts receivable management using AI to recover unpaid invoices without harming client relationships. The platform integrates directly with existing ERP systems to prioritize defaults and manage empathetic communication for collection. This automation significantly reduces Days Sales Outstanding (DSO) and improves overall treasury management.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses face challenges in managing unpaid invoices, including time-consuming manual collection efforts, reconciliation complexities, and high transaction fees. These inefficiencies can lead to delayed payments, reduced cash flow, and increased administrative costs.
Solution
Ezpays automates the entire invoice collection and reconciliation process using Open Banking technology, streamlining payments for both one-time and recurring invoices. The platform automates follow-ups on unpaid invoices, helping clients avoid late payments. By eliminating manual intervention, Ezpays reduces administrative workload, lowers transaction fees, and ensures timely payments, improving overall cash flow management for businesses.
Target Audience
Ezpays primarily targets businesses of all sizes that seek to automate and optimize their invoice collection and reconciliation processes, reduce administrative costs, and improve cash flow.
Features
- Automated invoice collection for one-time and recurring payments
- Automated management of unpaid invoices
- 100% automatic reconciliation of invoices
- Open Banking technology for direct bank-to-bank transfers
- Integration with existing accounting software
- Reduces commission costs
- Eliminates the risk of fraudulent credit/debit cards