FAQ

FAQ

 

Why use PayorCRM ?

PayorCRM is a B2B Receivables automation software targeted at small to medium enterprises which has credit customers.Credit customers are the reality of any B2B business.By automating follow-ups for payments and incoming payments(Auto debit) enterprises can efficiently scale up without putting a strain on its finance operations team.We have made the UI as user-friendly and intuitive as possible so that your teams require minimal training to start using it.

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What are the other reasons why receivables management is important?

Receivables management is one of the major activities of any enterprise .Its important because it helps improve an organisation’s cash position .There are two touch points at which your customers interact with you once they have chose you as your supplier.

  1. While your customer uses your products and interacts with it
  2. While your customer pays you

We simplify the second touch point for you so that you have a better customer relationship without making any effort.

 

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How do PayorCRM automate receivables function ?

PayorCRM has the ability to pull invoices from your ERP/CRM/Website every day.Depending on the invoice due date PayorCRM sends reminders to your customers based on various rules set by you with a link to pay your invoices.Your customers may choose to pay you using credit cards, direct bank transfers or any other method your company prefers.It also allows you to set up auto debit instructions on behalf of your customers so that PayorCRM can automatically transfer money from your customers account to yours and hence reducing manual intervention on both the buyer and seller side.PayorCRM also provides you advanced analytics so that your CFO can see your receivables position at any given day

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How can i test this service ?

We provide a free demo account with limited functionalities .Using the demo account you can upload invoices and your customer list using an excel sheet.

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How does PayorCRM provide productivity improvements ?

By using PayorCRM your finance team will not need to send invoices individually to your customers along with option to pay .Your team also do not have to do reconciliations for payments made as it is done automatically.As you grow your business and increase your customers your team can focus their energy on customers whose invoices are overdue and spend less time tracking customers who usually pay on time

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How can i start accepting direct bank payments ?

During the design stage a payorCRM solutions team will talk to your bank point of contact to setup for you.Different countries have different methods of direct bank transfer methods also called direct debits.In US its called ACH , Europe -SEPA , UK – BACS ,UAE – Direct debit ,India – Internet banking etc.

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