• Solution

    Solution

    Streamline processes with accounts receivable automation and enjoy reduced costs

A Quick and Easy Integration – We Promise!

 

fonePaisa offers businesses a parameterizable solution to meet your AR automation needs while streamlining payment collections and your financial supply chain processes resulting in savings for you and your customers.

You continue to have the same operational workflow you currently have, except now you’ll get your accounts reconciled much faster and accurate. fonePaisa synchronizes every transaction, every payment – automatically and bi-directionally – with your invoice register and bank.

AR Automation Solution
  • 1. SET

    Map all your customer accounts to one Accounts Receivable bank account

    Set a customisable virtual account number and create a unique identifier to identify your customer. Share this account number with each customer.

  • 2. CAPTURE

    Invoice communication made easy

    • Allow customers to order using existing channels
    • Raise invoice and sync with fonePaisa indicating - whom to collect from, why to collect and how much to collect
    • fonePaisa server sends SMS /email invoices and follow-up reminders
    • Near-realtime intimation of payments received
  • 3. APPROVE

    Route invoices for customer approval

    Your customer receives a

    1. SMS alert
    2. Email
    3. In app notification via your own enterprise app or fonePaisa app
  • 4. AUTHORIZE

    Easy payment authorization—anywhere, anytime

    Customers review, authorize, or schedule payments via their smartphone - anywhere they are, anytime.

    • Make payments via Direct bank debit, NACH, Netbanking, NEFT, IMPS or Credit card
    • Two-factor payment verification provides additional level of security against unauthorized or fraudulent payments
    • Reminder to customers for making payment
  • 5. PAY

    Customer send payments directly and securely, with guaranteed fraud protection

    Send payment information directly to your systems for payment and received against a particular invoice.

    • Funds available on the next business day
    • Payments are recorded automatically with 2-way real-time synchronization to your accounting system (integrations are available separately)