There is nothing very pleasant about calling André, the manager of the local specialized convenience store, to remind him that he is piling up unpaid bills. In general, the more "0's" there are in play, the less comfortable the call.
The challenge is that André has over 100 separate vendors to manage. Each with their own way of getting paid: checks, Interac transfers, and the occasional bundles of $ 20 bills left in a brown bag in front of a garage ...
The issue for André isn't that he lacks liquidity to pay, it's just that he struggles to keep track of what he owes to whom and when. From time to time, he loses an invoice in the corner of the office, or he cannot find the invoice associated with the purchase order. At night, he stays awake wondering why he can't just use the Interwebs to pay his bill with one click like he's used to doing when buying his Ikea furniture online.
Offer online payment to your customers with PivoHub
If you care about André and you're tired of chasing after him for every bill, invite him to pay you through PivoHub.
It's a lot of time and hassle that you would be saving him. He receives your invoice, scans the QR code and makes his bank transfer or pays by credit card from the PivoHub interface.
At all times, André can easily find his balance and the amount du. He pays. The amount is right. Everyone is happy.
The arrival of account balances also brings the possibility of applying a credit to the account directly, rather than applying the credit to a specific invoice.
This is particularly useful for deposit management, in order to ensure that the credits are consumed during the next payment.
This is just the beginning
We are continuing to work on the payment module in order to bring you features that will allow you to speed up collection and minimize the risk of bad debt. Here are a few examples of what's to come:
Credit limit: set a maximum balance for each of your customers. When this balance is reached, the customer must pay the amount due before being able to place a new order.
Payment at checkout: requires payment at the moment when the buyer finishes placing their order.
Presale: Requires payment at checkout for a product that is not yet available. Perfect for a product launch.