Automated Payment Collection Systems
Accelerate your collections. PayCred Payment Collection tools automate your accounts receivable. Send automated invoices, follow up with smart payment links, set up scheduled e-mandates, and track payouts. Reduce outstanding collections and eliminate manual payment tracking with real-time status updates.
Why Choose PayCred Automated Payment Collection Systems?
Faster Receivables
Reduce Days Sales Outstanding (DSO) by offering clients convenient credit card and UPI payment portals.
Smart Reminders
Dispatch payment link notifications via SMS and WhatsApp automatically before invoice deadlines.
Reconciliation Automation
Match customer payments to specific invoices instantly using unique virtual bank accounts.
Flexible Portals
Deploy customized, self-service payment portals where clients can view outstanding balances and settle bills.
Product Capabilities & Features
Virtual Account Collections
Receive payments via NEFT/IMPS on dedicated virtual account numbers for instant reconciliation.
Custom Billing Layouts
Create professional, GST-compliant invoices with embedded payment links.
Collection Analytics
Track ageing invoices, customer payment patterns, and cash flow projections on interactive charts.
Multi-Invoice Settle
Allow corporate clients to combine and pay multiple outstanding bills in a single transaction.
Standard Comparison
| Collection Aspect | PayCred Collection | Manual Accounts Receivable |
|---|---|---|
| Average Collection Delay | Minimized by 35% | Highly Unpredictable |
| Reconciliation Effort | Automated (Instant) | Manual Ledger Matching (Hours) |
| Payment Convenience | Cards, UPI, Bank Transfer | Cheque / Manual Bank Wire |
| Follow-ups | Automated SMS/WhatsApp | Manual Phone Calls & Emails |
Target Use Cases & Industries
Wholesale Trade
Collect payments from distributors using unique virtual bank accounts for automatic matching.
Gyms & Fitness Centers
Collect monthly membership fees from hundreds of members with automated reminder flows.
Tuition Fee Collections
Enable parents to settle school fees online via secure payment links.
Industries Served:
Frequently Asked Questions
Q.How does virtual account collection work?
We assign a unique virtual bank account number to each client. When they pay via IMPS, NEFT, or RTGS, the payment is matched to their record instantly.
Q.Can I collect payments from international clients?
Yes. You can collect payments in global currencies (USD, EUR, GBP) via wire transfer or international cards, which settle in INR.
Q.What is the pricing model?
Pricing is transactional. You pay a small fee per collection, depending on the payment method used (UPI, cards, or bank transfer).