Industry Solutions
Vertical Industry Solution for Accountants
Delivering Customer Value
Accountants today are faced with a number of challenges in a rapidly changing economic environment. Whether it is looking for new ways to develop new business, retain existing customers or decrease the cost of processing payments, Accountants are presented with a number of issues that require innovative and fresh approaches.To overcome these challenges, Accountants can’t afford anything less than optimum payment flexibility and agility, with technology solutions that support the needs of their clients.
Offering clients multiple payment options can greatly improve the effective and efficient management of cashflow. Offering consumers the ability to pay for services rendered on payment plans from either bank accounts or credit cards has proven to increase the rate of cashflow.
Besides rapid changes in consumer demand, Accountants are faced with a changing and dynamic environment that’s moving constantly with the advancements in technology and diverse client needs.
The Flo2Cash Vertical Solution for Accountants helps address these challenges. This fully-integrated, payment solution helps gain full visibility of the client payment experience.
It also supports the entire accounts receivable process reduces costs, optimises cashflow, and improves client satisfaction.
Better Results
Accountants today are faced with a number of challenges in a rapidly changing economic environment. Whether it is looking for new ways to develop new business, retain existing customers or decrease the cost of processing payments, Accountants are presented with a number of issues that require innovative and fresh approaches.The Flo2Cash payment solution delivers a cost effective way for Accountants to manage the accounts receivable process, from front end client payment acquisition to account reconciliation.
The solution currently used in the industry has proven to increase the rate of cashflow, reduce compliance costs, reduce administration and processing costs and create a positive client experience.
Flo2Cash’s on demand approach to payment automation and monitoring enables Accountancy firms of all sizes to maintain a healthy cash flow, while reducing costs and streamlining operations.
Business Value
Multiple Payment Options
Utilising an innovative SaaS approach, the Flo2Cash Payment Solution provides a comprehensive range of payment channels, offering customers with more options and convenience, reducing the gap between time of issuing the payment request and the payment receipt.
Automated Dishonour Management and Debt Recovery
Integrated with the Flo2Cash Recovery system, pre-arranged payment plans are
automatically followed up and managed if failed, eliminating the time-consuming account receivable processes.
Flo2Cash Recovery is a web-based (SaaS) enterprise debt recovery system that manages the entire debt recovery
cycle for delinquent receivables, Non-Performing Loans (NPLs) and Securitised Asset Pools.
Customer Convenience and Loyalty
As customers become more and more complicated as technologies and social cultures evolve, understanding your customers is
often the key to winning their trust and confidence.
E-commerce, mobile phones and PDAs are just several examples of how business trading has changed, requiring the use of more
payment options and methods to address different customer needs.
Benefits
Increase Sales
Increase your sales by giving your customers the option to pay by instalment. Direct Debits allow your customers to defer payment, thereby increasing the likelihood that they will pay today.
Improve Reporting
Flo2Cash provides you with a wide array of valuable information. From our reports you can quickly and simply see donor trends, payment trends, successful payments, failed payments and much more.
Increase Cash Flow
Following up unpaid bills cost you time and money. Having your customers pay by direct debit means you are far more likely to get paid on time, every time. Direct debits remove many of the reasons customers don’t pay including, poor payment management, forgetting to pay you, not getting around to organizing the payment or waiting till the final warning notice.
Built-in Document Audit Trail
Flo2Cash's patented online payment management platform provides you with full access to all documents and communication logs to your payment arrangements, significantly enhancing your customer experience and your document management.
Retain Customers
Once you have a customer paying by direct debit, they are more likely to stay with you as a customer. Most people are time poor, and a major reason for customers deciding to stay with their current provider or supplier is to avoid the hassle of setting up a new payment arrangement.
Integrated Solutions
Using the world’s most common file formats, Flo2Cash provides automated and manual reports as well as invoice schedule uploading that can be easily integrated into your accounting system and other business software.
Reduce Costs
Following up unpaid bills cost you time and money. Having your customers pay by direct debit means you are far more likely to get paid on time, every time. Direct debits remove many of the reasons customers don’t pay including, poor payment management, forgetting to pay you, not getting around to organizing the payment or waiting till the final warning notice.
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