Payments plans
Minimize the risk of overdue payments and maintain healthy cash flow with CreditDevice’s payment plans.
Monitoring payment plans
Stay on top of payment plan compliance with real-time action lists.
Automatic workflows
Set up specific, automated workflows for each customer type that ensure efficiency and compliance.
Automated communication
Ensure consistent communication by sending personalized reminders and notifications automatically.
Optimise your cash flow with payment plans
Effectively manage overdue payments
Every business strives to pay invoices promptly to keep cash flow healthy. However, sometimes customers pay late or not at all. Payment plans in such cases provide a solution to still obtain payment, maintaining financial stability and avoiding debt collection.
Payment convenience
Debtors can pay outstanding installments directly through the debtor portal.
Automatic payment arrangements
With CreditDevice’s payment control feature, you automate the reminder process so that customers always know exactly when an invoice is due for payment. Reminders can be sent via email as well as SMS.
Credit Management Software & PolicyManager
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Automation roadmap
Create arrangement
Easily create a payment plan through our software, where you control all the terms such as minimum amounts, interest, administrative fees and frequency of payments.
Reminders
Automate the process by controlling how and when you approach debtors and send reminders. This includes reminding them in advance of a payment deadline, responding to missed deadlines, or closing a settlement.
Active management
Make follow-up decisions for customers who fail to meet their agreements and, if necessary, forward the entire file directly through the software to the collection agency.
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