FreePay is a highly configurable Electronic Invoicing Presentment & Payment (EIPP) collaboration platform that enables businesses to get paid faster, communicate with their customers, eliminate manual Accounts Receivable processes, and improve overall customer experience.
Leveraging FreePay's self-service Customer Portal, your customers can view invoices, apply credit notes, and make full or partial payments (i.e., deductions) via multiple methods (ACH, Card, e-Check, etc.). Actions taken on the portal can be posted in real-time to your ERP, enabling you to fully automate your reconciliation process as well as reduce DSO by up to 30%.
With FreePay, businesses have added $1 billion back to their bank accounts by getting paid faster, reducing deductions & disputes, and automating invoice reconciliation.
Key features include:
1. Real-Time Invoicing
2. Multi-channel Notifications
3. Multiple payment options including automated payments
4. Auto adjustments for Credit/Debit notes and Deductions
5. Automated straight-through reconciliation and posting to ERP
6. Embedded Finance
7. 24x7 Operations support and SLA monitoring
8. Supported on all devices and operating systems
9. Easy-to-use customer portal
10. Built-in Communication Hub
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