Boca Raton, FL (PRWEB) July 30, 2013
Payventures Tech has added e-Invoice and receivables management capability to its Fast Funds™ billing, collections and marketing platform, giving large and small businesses the ability to efficiently present invoices and manage receivables electronically.
e-Invoice allows a business to create web-based invoices and collection forms, and send them to customers. Access is via API or file-based interface.
Payventures Tech’s user-friendly reporting interface has also been expanded to include open invoices and invoice ageing reports, enabling businesses to more effectively manage their receivables while reducing time and costs.
Estimated cost savings for each collected e-Invoice vs direct mail is over $2.00, with additional savings associated with reducing the manual processing of collected receivables.
This same mechanism can be used to conduct final collection attempts, prior to sending the receivable to collection agents (where merchants stand to lose 50% or more of the amount in arrears).
About Fast Funds™:
Fast Funds is a 4th generation billing, collections and marketing engine designed and built for flexibility, security, easy deployment and easy integration. Deployable as a service, device or on stand alone infrastructure, it can power any size merchant, bank or payment processor, and can support any payment method and both open and closed loop payment types. Leverage multiple traffic channels to convert traffic to sales, including Web, Mobile Web, Email and IVR.
About Payventures Tech:
Based in Boca Raton, Florida, Payventures Tech is a payments technology innovator.