Saturday 29th July 2023 | No. 60
XU Biweekly
Save up to 90% on data entry processing time Try for free
The independent user news source for accounting apps and their ecosystems
UNIPaaS partners with GoCardless to add bank payments to its offering Predict whether or not customers will pay on time G C
INTRODUCING CHASER’S LATE PAYMENT PREDICTOR
HASER, A LEADING PROVIDER OF INTELLIGENT ACCOUNTS RECEIVABLES SOFTWARE, HAS LAUNCHED A LATE PAYMENT PREDICTOR. BY LEVERAGING MACHINE LEARNING, THE GROUNDBREAKING ADDITION TO THE CHASER APPLICATION ANTICIPATES THE LIKELIHOOD OF LATE PAYMENT, EMPOWERING USERS TO MAKE SMART, PROACTIVE DECISIONS ABOUT CREDIT CONTROL TO ENSURE TIMELY PAYMENTS AND PROTECT THEIR CASH FLOW.
I
Late payments have long been a critical challenge for businesses of all sizes, affecting cash flow, profitability, and financial stability. The late payment predictor offers an innovative solution to proactively manage this issue, helping businesses make informed decisions and take the necessary steps to mitigate payment delays.
Key features of the late payment predictor 1. Invoice risk assessment: Businesses gain a comprehensive overview of the
late payment risk associated with each invoice. By categorising invoices into low, medium, and high risk, the predictor enables businesses to prioritise their credit control efforts effectively. 2. Invoice payment probability: Users can see the percentage likelihood of receiving payment late for each invoice. Leveraging powerful algorithms and machine learning, the late payment predictor analyses historical payment data and customer behaviour, to provide an ac-
curate prediction of payment success.
Chaser's late payment predictor represents a significant step forward in credit control technology. By integrating predictive analytics into the receivables process, businesses can take proactive measures, improving cash flow management and reducing the risk of financial strain. Credit reports have long been the go-to tool for businesses to assess the...
Keep reading
Ignition adds Apple Pay and Google Pay to enhance client payments
GNITION ADDS DIGITAL WALLETS TO EXISTING PAYMENT OPTIONS, HELPING ACCOUNTING AND PROFESSIONAL SERVICES BUSINESSES MAKE IT EASY FOR THEIR CLIENTS TO PAY. Ignition, a leading all-inone business platform for professional services, now supports Apple Pay and Google Pay for new customers in the United States and Australia, helping accounting and professional services businesses get paid easily by their clients to improve
cash flow. Digital wallets such as Apple Pay and Google Pay are increasingly favored by consumers, with research showing that 43% of consumers in the United States used digital wallets in 2022. Having already made it convenient for clients to pay automatically using credit or debit card, direct debit or pre-authorized debit, or automated clearing house (depending on location), Ignition is taking another step forward in facilitating smoother payment collections. The addition of Apple
Saturday 29th July 2023
Pay and Google Pay means that new customers can now offer their clients the convenience of these additional digital payment options to cater to clients’ payment preferences. Ignition’s 2022 State of Client Engagement reports show that 94% of accountants and bookkeepers in the US (95% in Australia) need to chase clients for late payments. By enabling clients to easily pay with Apple Pay and Google Pay, Ignition is helping to expedite the payment collection process, reduce late payments, and
enhance overall client experience. “We’re excited to offer US and Australian customers this new payment option,” said Jason Prowd, VP of Product at Ignition. “Google Pay and Apple Pay are two of the most popular mobile payment methods in the world, and this new feature will make it easier for our customers to collect payments from their clients. We believe this will help our customers improve their cash flow and boost their...
Keep reading
OCARDLESS, THE BANK PAYMENT COMPANY, HAS ANNOUNCED A PARTNERSHIP WITH EMBEDDED FINANCE SOLUTION PROVIDER UNIPAAS, WHO WILL BE THE LATEST PAYMENT SERVICE PROVIDER (PSP) TO TAP INTO THE FINTECH'S GLOBAL BANK PAYMENT NETWORK VIA A WHITE-LABEL INTEGRATION.
Through GoCardless Embed, UNIPaaS will be able to offer payment methods such as direct debit and open banking payments, in response to high customer demand. This will eliminate the need for customers to work with another PSP for bank payments. Customers will gain access to an easy, secure and cost-effective payment method within a platform they already know and trust. In addition, GoCardless Embed can help them grow in existing markets and expand into new verticals and use cases where bank payments are preferred. David Avgi, CEO and Co-founder at UNIPaaS, said: “We're excited to use Embed to offer bank payments as a new B2B payment option for our customers. UNIPaaS' one-contract, one-integration solution makes it easy for our platform customers to offer additional payment methods using our embedded UI suite. We're confident that this will help us meet the growing demand for bank payments, and we expect strong take-up based
on previous demand.” Eva Ducruezet, Chief Expansion Officer and MD of GoCardless Embed and Bank Account Data, said: “We’re proud to be a trusted partner to UNIPaaS, adding a much-requested feature to its strong embedded finance offering. Through our simple integration, UNIPaaS can fast-track its way to accessing bank payments in more than 25 countries, giving customers exactly what they want.” GoCardless Embed is a new integration, which comes white-labelled as standard, that allows payment providers to integrate GoCardless’ global bank payment network straight into their platform through a single, simple API. The integration provides access to: • bank payment schemes in the UK, Eurozone and US, with more to come in the near future • end-to-end payment processing capabilities for bank payments including reconciliation, mandate management, reporting and refunds • open banking-powered features, including instant one-off and recurring payments in the UK and account verification and fraud prevention across the three markets GoCardless Embed allows providers to tap into the burgeoning account-to-account market, valued at around USD 225 trillion in...
Find out more
FREE digital business cards for EVERYONE
Get yours now
Save up to 90% on data entry processing time
Try for free