ezyCollect is a full stack Accounts Receivables automation and Debtor Management platform that transforms business’ cashflow by automating the order to cash cycle. The product suite covers AR automation and workflows, integrated payments, credit risk scoring and digital credit applications. ezyCollect boasts users among B2B companies worldwide and manages over $1 billion in receivables.

ezyCollect gives businesses a streamlined cash flow & debtor management platform with integrated digital payments and b2b credit scores. It’s a fully automated solution that displaces manual accounts receivable functions.

ezyCollect aims to help users get paid faster - the vendor states that during internal research they looked at 208 businesses before and after using ezyCollect, and the overdue receivables were reduced by 43% 6 months after starting ezyCollect.

Key Benefits & Features:

Save time with automated communications and reminders
Automate reconciliations with payment writeback
Give clients a checkout experience with integrated Pay Now buttons and multiple payment options, including settle now, pay later.
A dashboard that helps pinpoint accounts receivable risks and priorities and act decisively.
Perform credit checks on new customers, and receive alerts as customers get into financial difficulty.
Onboard new customers with a digital credit application
Automated Workflows: Email and SMS reminders, groups all overdue
Open and Prompt Communication: Include a phone call in a reminder sequence and get a daily email of calls to be made.
Collaborative Payments Platform: Pay multiple invoices at once, credit card checkout, and automatically allocate/reconcile payments to Xero/MYOB/Netsuite/Sage/your ERP.
Credit risk insights: Debtor late payment and failure risk ratings, daily credit risk analysis and reporting, and credit monitoring alerts.
One-click Debt escalation: Send a demand letter, and refer debts to a debt recovery agency.

ezyCollect offers phone support, setup training, an online helpdesk and a library of articles and resources.

Communications and Tracking

A 360-degree holistic view of accounts receivables, cash flow, debtor database, invoices, payment reminders, online payments and payment allocations. This is to make it easier to optimise cash flow and view the entire AR book from one view, and minimise overdue accounts to optimise cash flow

Automated workflows: a structured approach to debt collection.

Set automated reminders by post, SMS, or email and leverage the ‘Daily to-dos’ that prioritise aging accounts and phone calls. A comprehensive overview of all aspects of overdue accounts while adopting a structured approach to debt collection.

Risk analysis

ezyCollect offers in-depth insights into the credit history, payment predictions and credit scores of new customers,to provide the confidence needed to onboard them. The platform also analyses debtor books daily to identify how customers are paying.

Streamlined payment option

The ‘Pay now’ button on invoices, statements and emails sent enables one-click payment. Every customer can view and download invoices on a personalised payment portal.

Debt collection

Send a demand letter or outsource to a recovery agency and take timely action on debt payments. This enables quicker escalation when needed.

Features

Automated Communications

Automated ‘Thank you for your payment’
Customisable templates
Customisable scheduling
New invoice re-issue
Due soon notification
Email, SMS, postal reminders
Opt-out customers
Auto-attach invoice copies
Email and invoice tracking
Collates all overdues
Automated payment writeback
Monthly statements
Payment thank you message
Internal call task allocation

Debtor CRM

Ageing invoice reporting
AR ledger level reporting
Surfaces ageing accounts
Add internal notes
Audit trail of customer history and status
Daily customers-to-call list
Segment customers for bulk communications
Segment customers for detailed reporting
Head office relationships
Credit limit usage
Audit trail of communications

Credit Insights

Customer credit risk ratings
Customer risk trend reporting
On-demand B2B credit reports
On-demand credit risk email/SMS alerts

Credit Applications

Eliminate paper-based application forms
Streamline business processes for applying for credit
Approval and rejection process on the dashboard
Trade reference checks, credit scores, ID documents, and director details all in one spot

Customer Payments Portal

Pay button from invoices and reminders
Lists all open invoices
Spotlights overdue invoices
Shows line item descriptions
Can check out multiple invoices
24/7 self-service checkout
Webhook capabilities
**Accepts Visa, Mastercard, Amex
Automated payment write-back
Flexible surcharge options
Automatic receipting
Logs payment transaction history
Sends customer-to-supplier queries
Unique to each debtor

Escalation Services

Send a demand letter
Engage a debt collection service

Working Capital Solutions

Access to an on-demand pre-approved line of credit for qualified suppliers
Get paid upfront while customers pay in instalments

Customer Support

Phone and email support
In-app messaging
In-app knowledge centre
Installation and go-live support
One-to-one online training
Regular AR health check

ezyCollect

What is ezyCollect?

Categories & Use Cases

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