Funding
Funding not disclosed
Founders
Product
Problem
Many businesses face challenges in managing their accounts receivable processes, including inefficient invoicing, slow payment collection, and time-consuming reconciliation. These inefficiencies can lead to delayed cash flow, increased administrative overhead, and errors in financial record-keeping.
Solution
PayInvoice is a unified platform designed to streamline invoicing, collections, and payment reconciliation for businesses. By integrating these functions into a single interface, PayInvoice enables users to send invoices with a 'Pay Now' link, automate payment reminders via email or SMS, and offer a self-service customer portal for payment management. The platform automates the reconciliation process, integrates with popular accounting software, and helps businesses get paid faster while reducing unpaid invoices.
Target Audience
PayInvoice targets small to medium-sized businesses (SMBs) and accounting professionals who want to streamline their invoicing and payment processes, reduce outstanding receivables, and improve cash flow.
Features
- Integration with QuickBooks Online & Desktop, Xero, Sage 50, NetSuite, Sage Intacct, and Acumatica
- Automated payment reminders via email and SMS
- Self-service customer portal for payment management
- "Pay Now" links on invoices for instant online payments
- Automatic reconciliation of payments within accounting software
- Mobile app with EMV card readers for on-the-go payments (available in Enterprise plan)
- Surcharge management to apply fees for credit card payments
- Early payment discount automation to incentivize faster payments
- Late fee management to automatically collect fees on overdue invoices
- Custom payment links and buy buttons for faster payments