Accounts Receivable Software – Zeppay helps Debt Collection Making Easy

Zeppay is an accounts receivable software designed to simplify and streamline the debt collection process. With Zeppay, businesses can easily manage their accounts receivable, automate debt collection processes, and improve cash flow.

Zeppay offers a range of features to make debt collection easier, including:

1. Automated Reminders: Zeppay can send automated reminders to customers who have overdue payments, making it easier to stay on top of collections. You can check progress of customers before, after the due date. Also during maturity you can remind customers for payment completion. Non payers will be marked as defaulted.
2. Payment Plans: Zeppay allows businesses to set up payment plans for customers who are struggling to pay their bills. This can help reduce the number of delinquent accounts and improve cash flow.
3. Customizable Reminders Templates: Zeppay offers customizable reminder templates for invoices, statements, and collection letters. Allowing businesses to create professional-looking emails that reflect their brand.
4. Payment Processing: Zeppay integrates with popular payment processors like Stripe and PayPal, making it easy for customers to pay their bills online.
5. Reporting and Analytics: Zeppay provides real-time reporting and analytics on accounts receivable, allowing businesses to track collection efforts and identify areas for improvement.
6. Workflow automations: Zeppay gives you credits for setting up of workflows for WhatsApp, SMSs, Email and Call Recordings.

7. Periodic Reminders: Zeppay gives time to time reminders for their outstanding balances through emails, SMSs and calls.

The accounts receivable process is a critical part of any business’s financial management. It involves managing the money owed to the business by its customers or clients, and it typically includes the following steps:

1. Creating and Sending Invoices: The accounts receivable process begins with the creation and sending of invoices to customers. These invoices include details such as the goods or services provided, the payment terms, and the due date for payment.
2. Recording Payments: As payments are received from customers, they need to be recorded in the accounting system. This allows the business to keep track of which customers have paid and how much they have paid.
3. Following Up on Overdue Payments: If a customer fails to pay their invoice by the due date, the business must follow up with them to request payment. This may involve sending reminders or making phone calls to the customer.
4. Resolving Disputes: Occasionally, customers may dispute an invoice, either because they believe they have already paid or because they are unhappy with the goods or services provided. The business must work to resolve these disputes as quickly as possible to avoid delays in payment.
5. Writing Off Bad Debts: If a customer fails to pay their invoice despite multiple reminders and attempts to collect payment, the business may need to write off the debt as a bad debt. This means removing the debt from the accounts receivable balance and recording it as a loss.
6. Reporting and Analysis: Finally, the business needs to analyze its accounts receivable data to identify trends and potential issues. This can help the business make informed decisions about its credit policies, collection strategies, and customer relationships.

Conclusion:

Overall, the accounts receivable process is a complex and ongoing process that requires careful attention to detail and effective communication with customers. By managing this process effectively, businesses can improve their cash flow and maintain healthy financials. Zeppay Debt Collection is a powerful tool for businesses looking to streamline their accounts receivable processes and improve their cash flow. With automated reminders, payment plans, customizable reminder templates, payment processing, and reporting and analytics, Zeppay makes it easy to manage accounts receivable and collect overdue payments.