Revolutionize your AR Processes with FreePay
FreePay is a highly customizable Electronic Invoice Presentment & Payment (EIPP) solution that helps businesses to send invoices to their customers and receive payments online automatically.
The solution is designed to streamline the invoicing process by automating:
- Invoice Generation and Delivery
- Payment Reminders
- Payment of Invoices via Customer Portal
- Payment Reconciliation
- Deduction Management
By providing a mobile app/web portal with a self-service customer portal, FreePay enables businesses to effortlessly collaborate with customers, allowing them to view invoices, and make payments via multiple methods. With seamless Sage Intacct integration, FreePay automates invoice reconciliation and instantly updates transactions in ERP. It supports predictive analytics and intelligent automation, making it an essential tool for Sage Intacct users looking to scale their financial operations efficiently.
With FreePay, businesses have added $1 billion back to their bank accounts by getting paid faster, reducing deductions & disputes, and automating invoice reconciliation.
Key Benefits:
Enables DSO reductions via real-time invoice presentment and tracking, multi-channel collections dunning, faster reconciliation and cash posting directly to Sage Intacct.
Drastically cut operational costs by digitizing invoice delivery and eliminating paper-based manual invoicing.
Automates the reconciliation and includes the Sage Intacct ledger and sub-ledger knockoffs of invoices, credit and debit notes, round-offs, withholding taxes, etc.
Sales teams spend nearly 20% of their time on collections-related tasks—gathering payment status updates from Sage Intacct and coordinating with customers. FreePay’s automated dunning solution automates this process, freeing up valuable time for the salesforce to focus on revenue-generating activities.
Reduction in disputes, billing adjustments and reconciliation errors
Digitizes deduction classification and related workflows. Further, it automates reconciliation, eliminating manual errors. Customers get real-time status, improving customer satisfaction.
Enables all payment mechanisms and reduces the cost of payments
FreePay enables push and pull payment methods such as ACH, wire transfers, checks, and more. It auto-reconciles transactions across all major bank formats (e.g., MT940/42, BAI, ISO, CSV), reducing the cost and complexity of payment processing.
Data-driven actionable insights to CFOs, Treasurers, Credit controllers
FreePay delivers detailed AR analytics, including DSO tracking, payment behavior by customer or region, and salesperson performance. It also supports configurable actions such as automated dunning alerts.
Revenue acceleration – via faster credit unlocks for the next order cycle
Delayed reconciliation often leads to credit locks that stall the next order cycle. FreePay speeds up reconciliation and credit adjustments, ensuring quicker access to working capital and faster order processing.
Key Features for Sage Intacct Users:
1) Real-Time Invoicing: Instantly generates and delivers invoices to the customers for faster collections.
Requirements:
However, Platform Services is Required
Price:
Implementation fee + Annual license fee (depending on size of the company / volume of transactions)
Integration Approved Countries:
United States
About:
Global PayEX is a US based J.P. Morgan-backed Fintech SaaS that offers AI-driven platform enabling Account Receivables and Account Payables (AP) automation.
We enable businesses across industries to: