Understand your customer payment behavior instantly, and tailor and improve your receivables approach with ease.
Find out which customers are most likely to pay you late, and who you should follow up with first. Instantly identify problem accounts without the need for additional reports or tools, and gain clear insights into your payer's behaviour before adjusting their credit limits or using debt collection.
Easily group customers based on their payer rating as ‘good’, ‘bad’, or ‘average; and use different follow-up approaches tailored to their payment behaviour. Segment and avoid bombarding good payers with unnecessary additional follow-ups.
Payer ratings can help you avoid doing business with bad payers in the future by assessing their credit worthiness prior to extending credit. Poor payment habits can easily be identified by their 'bad' payment history, and credit limits can be reduced accordingly.
You can significantly reduce collection times by segmenting your customers based on their payment behaviour.But understanding your payer's behaviour isn’t straightforward. It takes into account how they are paying now, how they have paid in the past, and estimates how they will pay you in the future; no quick task for an already-busy finance team.
Payer ratings let you see at a glance how your customers pay you. Using machine learning, payer ratings analyse your customers’ payment behaviour over time to determine whether they are a good, bad, or average payer. Payer ratings mean you can understand your customer payment behaviour instantly. This will help your team tailor the collections approach and identify areas where you can improve your accounts receivable management and follow up process.
With Chaser, customers are able to quickly start chasing payments by automating invoice reminders. They gain access to all the tools they need to improve their cash flow and credit control—all in the middle of a global pandemic.
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