Why Payt generates money and saves time

Looking to cut costs? There’s a smarter way than just lowering your rates. As an organisation, reducing expenses matters, but working more efficiently is even more important. You want to spend less time on administrative tasks, get paid faster, and still maintain strong relationships with your customers.

In this article, you’ll discover how Payt’s accounts receivable management software can help you do just that. Not only by saving money, but also by saving time and strengthening your customer relationships.

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Payt vs. traditional debt collection agencies

Many traditional debt collection agencies make bold claims like “no cure, no pay” or “free collection.” But in practice, these often come with hidden costs, either for you or your customer. And their aggressive approach can harm your client relationships.

At Payt, we take a different approach. Our software helps you stay in control of your outstanding invoices through clear communication and smart automation. This increases the likelihood of getting paid while maintaining a professional relationship with your clients.

With Payt, you don’t hand off your debt, you manage it more efficiently, transparently, and customer-friendly.

Save up to 80% of your time with automated accounts receivable management software

Accounts receivable management often takes more time than necessary. Consider sending reminders, checking payments, and following up on outstanding invoices by phone. With Payt’s accounts receivable management software, you can automate these recurring tasks, saving up to 80% of your time.

Additionally, you gain real-time insight into outstanding invoices, customer communication, and payment status. This allows you to make quicker adjustments and identify risks earlier, ensuring you always have an overview of the receivables process.

Work more efficiently with AI

To make the work process even more efficient, Artificial Intelligence (AI) is integrated into the software. Incoming messages are automatically recognised and labelled, allowing you to immediately see if a customer is making a payment proposal, asking a question, or raising an objection. This enables you to respond more quickly and effectively.

AI also assists in following up on outstanding invoices. Sometimes the issue is not with the customer but with the spam filter of their email programme. Payt’s AI worker resolves this by calling the customer, helping them locate the email, and assisting in whitelisting the email address. This prevents delays and ensures the next invoice is seen. Everything discussed in the phone conversation is automatically recorded in your dashboard.

Maintain strong customer relationships, even with payment arrears

An outstanding invoice? It doesn’t have to negatively impact your customer relationship. Payt provides your customers with their own online environment. There, they can view invoices, ask questions, and make payments directly.

With clear and friendly communication, trust is maintained, even if a payment is delayed. Our credit management software not only supports you but also your customer. And that’s exactly what a good solution should do.

Get your invoices paid 30–50% faster with Payt

Getting paid faster is one of the biggest advantages of Payt. Our clients find that their invoices are settled on average 30 to 50% more quickly. This is due to smart follow-up, clear communication, and the convenience of digital payments.

Curious about what Payt can do for your organisation? Schedule a demo below or download the brochure.