![]() ![]() ![]() Using this feature, you can draw funds at the hour of need based on the outstanding invoice. It also meets the short-term liquidity needs of the company. Invoice Financing or Invoice-backed line of credit are short terms loans extended by a financial institution or a lender to its customers based on unpaid invoices. How does Invoice-backed line of Credit Help in Managing Late Payments? You can also outsource the credit control to professionals who will take care of the responsibilities on your behalf. These scripted emails work as an advanced warning to remind the payee about the approaching due date of the invoice. These emails need slight editing to personalise them and add invoice details. These emails are auto generated, and there is no requirement to write and send. Payment chasing emails are known to be one of the best tools to avoid late payments. With exceptional services, it caters to a set of diversified verticals, apart from this there are many reasons to associate with PAY10. With the evolution of FinTech, the industry is oozing with excellent payment aggregators, PAY10 is a name among the most popular payment gateways in India. Since everything is automated, you need to understand the protocol and keep the track in advance. But before implementing the portals it is extremely important to understand how these portals work and comprehend the right process for accepting purchase orders, issuing invoices, and putting in correct payment bank account details. Implementing Online vendor portals is the latest trend followed by corporations irrespective of their size.
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