To make customers pay timely boosts liquidity. Let’s face it; It is hard to run a business when you cannot get your invoice/bills as quickly as possible to clients to make payments. It is even worse when customers pay, and you cannot confirm payment quick enough for you to service their requests. These are some of the many challenges both big and small businesses face in delivering quality services to customers efficiently and improving satisfaction.
How do you make customers pay faster? Take, for example, a small company in the logistics or cargo delivery industry. It needs to process the bills/invoice for offering services to a customer for over a period. The staff of the company physically computes the charges, prints it and sends to the customer for payment. The client, on the other hand, receives the bill, process the payment from the accounting department and then off to the bank to make payment. The bank on the other side receives payment and only pushes notification to both parties. Reconciliation, clearing and approval processes are left to manual auditing process that always usually delays service delivery.
What if these processes can be done faster and more efficiently. What if SoftAlliance PayGATE® can help you respond more quickly and balance your books simultaneously. SoftAlliance PayGATE® is a highly scalable and secure online billing presentment and collection platform integrated with ALL banks, payment processors, and gateways. It helps merchants get paid by customers through seamless integration with its billing/invoicing generating platform while pushing notifications to relevant parties.
Looking at the above scenario, through SoftAlliance PayGATE®, the merchant can easily and quickly push all bills/invoices to its clients’ devices through the cloud-based solution accessible anywhere in the world. The customers can instantly respond by making payments using the integrated payment options be it direct bank payment, POS or ATM, or online transfer through processors like Interswitch, eRG, NIBBS and Unified Payment. Once completed, the Bank or Payment processor automatically push notification to SoftAlliance PayGATE® and subsequently to both merchant and customer.
The major benefits of SoftAlliance PayGATE® include the ability for both merchant and customers alike to access and process transactions anywhere in the world and on-the-go. It also affords the company the ability to quickly balance its accounts/books and commence the processing of customer’s orders.
SoftAlliance PayGATE® is built to accepts and post unpaid bills/invoice from Merchant’s Billing System to payment gateways for payments and updates the Merchant’s billing system. It supports an unlimited number of Bill presentments and provides payment notifications. It is secure with 24/7 online Real-Time Access while supporting revenue collections for both corporate and individuals
As a company, it offers you the opportunity to service a wider customer base while seamlessly reconciling payment through process automation. This simple yet unique model opens you to more revenue source and supports cash flow through prompt payment for service rendered. It receives collections from both bank and non-bank customers.