You’re on your way to more predictable cashflow
Let’s connect our software together to get started
ezyCollect’s accounts receivable platform now integrates with Advanced Business Manager (ABM). Users of ABM’s financial management software can now power up payment success with next level credit control and collections capacity.
Business operators using Advanced Business Manager already know this: getting paid on time is a critical indicator of business health. Businesses that carry the burden of overdue accounts receivable typically exhibit three big pain points:
Chris Heysen is Advanced Business Manager’s CEO and is enthusiastic about helping businesses grow from good to great.
“We know the Advanced Business Manager client is focussed on growing a great business and doesn’t have time to waste on inefficient processes. ezyCollect’s solution for late payments will help businesses to achieve both revenue and efficiency goals,” says Chris.
The debt burden on small-to-medium enterprises (SMEs) is huge. The first ever Australian Payments Times and Practices Inquiry of 2017 found the following:
The Australian Small Business and Family Enterprise Ombudsman was particularly critical of big buyers, urging them to be more transparent about their payment times and to stop using small business suppliers as cheap forms of finance.
ezyCollect’s CEO, Aj Singh, founded ezyCollect after experiencing the pain of late payments firsthand. “I was running a medical supplies business.We had a huge cashflow problem behind the scenes even though the business was generating a lot of new sales. We kept supplying late payers because we couldn’t keep track of their credit usage. We had this ballooning cashflow gap. We started hiring people to chase payments but adding headcount is very expensive.
“We nearly lost that business to late payments.”
Now, ezyCollect exists to serve other wholesalers, manufacturers, and business services. “If you’re selling goods or services on credit, a late payments problem is looming just around the corner unless you have a disciplined accounts receivable process in place,” advises Aj.
ezyCollect is purpose-built to give growing businesses an efficient accounts receivable process that grows with them.
“Growing businesses need more than payment reminders to get paid faster. There’s actually a lot of factors that need to be optimised to protect your business from credit risks and to recover money faster,” says Aj.
Luckily, ezyCollect’s platform cleverly integrates all of those critical factors into one easy-to-use hub. The good news for ABM users: ezyCollect seamlessly integrates with Advanced Business Manager to use the invoice data already created in the accounting software, avoiding any duplicate data entry.
Automate the manual tasks and create time for critical jobs:
Remove the mess and guesswork and just get the job done:
Never lose sight of ageing invoices with high visibility of the entire AR ledger:
Offer customers a payment portal for self-serve credit card checkout:
As a SaaS product, ezyCollect integrates easily with ABM’s cloud accounting software. Once you register your file with ezyCollect, ezyCollect will send you a simple process to follow. Your data syncs with ezyCollect in around five minutes for instant mapping and tracking of your accounts receivable ledger.
ezyCollect also provides complimentary training for your team so setup is fast and you’re operating with confidence.
Chris Heysen sees ezyCollect as having wide application for ABM users across all industries, in particular:
“Consider trialling ezyCollect with ABM if you’re issuing goods or services on credit, and then experience a time and cashflow challenge in recovering money. A tech solution can help you quickly clean up an untidy process. Plus the ROI is obvious as the payments come in,” says Chris.
ezyCollect offers Advanced Business Manager users a free 14-day trial.