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Optimizing Accounts
Receivable Management

Paydit has integrated with Payliance to offer ACH and Debit Card processing solutions that streamline collections and improve AR management, empowering consumers to resolve past-due balances.

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Integrations

Key Benefits of Paydit Integration

The integration of Paydit with Payliance introduces a seamless, automated payment processing solution that allows AR departments to accept ACH and Debit Card payments efficiently. This integration addresses the core challenges faced by AR management by providing a faster, cost effective, and secure payment processing method.

Faster Payment Processing

  • ACH Payments: ACH payments allow for quicker fund transfers compared to checks and other traditional methods. This reduces the time between invoicing and payment receipt, improving cash flow.
  • Debit Card Payments: Debit card transactions offer instant payment confirmations, reducing payment delays and enhancing liquidity

Cost-Effective Transactions

  • Reduced Processing Costs: ACH payments are generally more cost-effective than wire transfers and credit card payments, helping AR departments save on transaction fees.
  • Automated Workflows: The integration automates payment collection and reconciliation, reducing the need for manual intervention and associated labor costs.
  • Debt Repayment Interchange Discount Program: Significant fee savings passed directly back to lenders on debit card debt repayments, allowing for immediate cost reductions from Day 1

Improved Reconciliation and Reporting

  • Automatic Matching: Payments are automatically matched with customer’s outstanding balances, minimizing reconciliation errors and discrepancies.
  • Real-Time Reporting: The integration provides real-time insights into payment statuses, enabling AR teams to monitor and manage receivables more effectively.

Enhanced Security and Compliance

  • Data Security: Payliance’s robust security measures ensure that sensitive payment data is handled securely, reducing the risk of fraud.
  • Compliance: The integration adheres to industry standards and regulatory requirements, ensuring that all transactions are compliant with relevant laws.

Customer Convenience

  • Multiple Payment Options: By offering both ACH and Debit Card payment options, customers have the flexibility to choose their preferred payment method, leading to faster payment cycles and improved customer satisfaction

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