EzyCollect is a fintech company that aims to automate accounts receivables for businesses to save them from the hassle of invoice management. The company was started with a mission to simplify and modernize cashflow management. Their product and innovation have helped many organizations across different industries making ezyCollect a leader in the said field.  Let’s delve deeper to understand ezyCollect, its beginnings, products and their features and their partnership with SuiteWorld 2024.Â
Company foundation
Facing issues with accounts receivable is a common challenge in any business. AJ Singh, the CEO and co-founder of ezyCollect lost his thriving business due to late payment. Later, along with CA Raj Kukreja, they both started ezyCollect in the year 2014. They presented an accounts receivables software that automates payments and solves the problem of late receipts thereby streamlining the operations of the businesses. They operate on the values of trust, efficiency and transparency.
Accounts Receivables Software by ezyCollect
The AR software by ezyCollect helps in automating an array of debtor management processes in their client’s business enabling them to get payments in a more efficient and faster way. This software integrates with the already existing accounting software of the businesses which leads to easy mapping and tracking of all accounts, hence, focuses on timely payments, receipts and cashflow management without causing any hinderence with the core operations of the organization. The clients are all satisfied with the services of the ezyCollect.
Key Features of AR Software by ezyCollect
- Invoicing and Payment Reminders Automation:Â The software waives off the excess time spent over the manual-reminders by setting up reminders for businesses of payments and invoices. It sends timely SMS, emails and even post mails to customers to make sure that the payments are made without any delay. These reminders can also be scheduled in advance.Â
- Integrated Payment Portal: ezyCollect offers a user-friendly payment portal that helps the customers to make payment only with a click by introducing a ‘Pay Now’ option. The clients have reported that the easy-to-use payment portal has increased the frequency of payments by twice as the payment can now be made with just a click.Â
- Debtor Management Dashboard: This comprehensive dashboard by ezycollect helps businesses to easily access their invoices, upcoming payments, and customer payment histories by presenting them in a simple yet appealing manner. This increases transparency amongst businesses and also track the overdue payments to streamline their cash flows.  Â
- Assessment of credit risk:Â The company has partnered with credit bureaus. That provides an insight on. Whether the business should give credit or not. This helps them to understand the risk involved in providing the credit for a specific purpose and whether it is redeemable or not. This saves them from potential bad debts.Â
- Reporting and Analysis automation:Â The AR software by ezyCollect prepares reports and helps businesses to analyze and identify the areas in which they need improvement. They can easily access the payment histories and see their accounts receivables performance by keeping track of trends.Â
Benefits of using AR software by ezyCollect
- Faster Payments:Â The businesses that have used the AR software has reported that they have seen a 43% reduction in their overdues on outstanding invoices. This has helped them in streamlining their Cash flows and sustaining the business growth.Â
- Time saving:Â The ezycollect software has helped to automate the repetitive task, freeing the staff from doing excessive manual work to let them focus on More important and core business related tasks. This has helped the businesses to save up to 16.5 years in their administrative and operational work and help them grow by leaps and bounds.Â
- Effective customer relationships:Â By providing the customers with the ability to make their payments in a user-friendly manner and with seamless transactions. The businesses are now able to form better relationships with their customers, reducing the kind of friction that was caused due to friction in the payment process. This has helped businesses to get a customer base for a lifetime.Â
- Better Decision-Making:Â The insights provided by the dashboards of the ezyCollect software help businesses to analyze information and take data-driven decisions. This facilitates them to grow their business in future by analyzing their credit position and other requirements.Â
Industries served
ezyCollect serves a diverse range of industries, including:Â
- Retail:Â ezyCollect helps the businesses to maintain their cash flows by getting payments on time.Â
- Wholesalers:Â The AR software has helped the wholesalers to streamline their invoices and payments.Â
- Professional Services:Â Â The ezyCollect software has helped the service provider companies to manage their accounts Receivables in a better way.Â
- Real estate construction:Â Managing bills for the construction companies becomes really hectic. ezyCollect software helps these companies to manage their bills, invoices, and accounts receivable in an efficient manner.Â
Future Growth
As we look forward, ezyCollect is determined to grow their business by increasing their product portfolio from the AR software to many financial services and softwares that the new age businesses require to streamline their operations and manage their finances. The company focuses on efficiency and transparency and innovation, through which it makes sure that the clients get the best services possible according to their evolving needs.Â
Emerging Partnership of ezyCollect with SuiteWorld
One important step taken towards the growth of the company by ezyCollect is its emerging partnership with SuiteWorld. SuiteWorld 2024 is a conference where all the major NetSuite partners come together in Las Vegas. This is a great platform for the company to exhibit its AR Software and other services which can help businesses to streamline their financial accounts and invoices. The business tools offered at the SuiteWorld Conference by different partners and companies can be used along with the accounts receivable software of ezyCollect to manage the financial needs of different businesses. The platform of SuiteWorld is a great opportunity for ezyCollect to open more avenues for customer engagement and business growth.Â
