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FreePay – Electronic Invoicing Presentment & Payment
FreePay is a highly configurable Electronic Invoicing Presentment & Payment (EIPP) collaboration platform that enables businesses to get paid faster, communicate with their customers, eliminate manual Accounts Receivable processes, and improve overall customer experience.
Leveraging FreePay's self-service Customer Portal, your customers can view invoices, apply credit notes, and make full or partial payments (i.e., deductions) via multiple methods (ACH, Card, e-Check, etc.). Actions taken on the portal can be posted in real-time to your ERP, enabling you to fully automate your reconciliation process as well as reduce DSO by up to 30%.
With FreePay, businesses have added $1 billion back to their bank accounts by getting paid faster, reducing deductions & disputes, and automating invoice reconciliation.
Key features
- Real-Time Invoicing
- Multi-channel Notifications
- Multiple payment options including automated payments
- Auto adjustments for Credit/Debit notes and Deductions
- Automated straight-through reconciliation and posting to ERP
- Embedded Finance
- 24x7 Operations support and SLA monitoring
- Supported on all devices and operating systems
- Easy-to-use customer portal
About Global PayEx Inc
Global PayEX is one of the world’s leading Accounts Receivable automation solution providers. With AI-powered AR Automation tools like Electronic Invoicing, Presentment & Payments Management (customer portal), Cash Application, Embedded Channel Finance, and Machine-Learning Data Extraction, we enable companies to get paid faster, eliminate tedious manual AR work, and improve customers’ experience.
Offering an end-to-end native-cloud solution, this JP Morgan backed SaaS company enables finance teams of several Fortune 500 clients like Bridgestone, 3M, GSK, and Stanley Black & Decker to optimize working capital and remove inefficiencies from Accounts Receivable.
The highly-configurable platform facilitates digital transformation for businesses, enhancing revenue from 1% - 4%, and reducing DSO by 30% while delivering actionable insights to CFOs.
Global PayEX powers corporates and a network of over 25,000 SMBs to bring measurable value and unlock working capital efficiency.
For more information, visit: www.globalpayex.com
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