Make it easier for customers to pay you by offering instalment plans and reduce manual work with automated instalment chasing
Ideally, all customers would pay on time without the need for additional help. However, when your customers are struggling to pay large sums in one go, offering flexible payment plans means you receive partial-payments sooner and minimize bad debts. Offering customers this flexibility and allowing them to pay invoices in smaller, more manageable chunks will help you build customer goodwill and foster positive customer relationships.
Adapt payment plans to suit the specific needs of yours or your customer’s organization. You can add as many instalments as required, select the amounts, and determine payment intervals (weekly, bi-weekly, monthly, yearly). Agree and automatically manage reasonable repayment schedules for your customers, for example split annual commitments into 12 monthly instalments, or allow customers to segment high-value invoices into three monthly, more manageable instalments.
When working out of spreadsheets, managing a payment plan can be an arduous and painstaking task. Now, with Chaser, you can add a Payment plan to an invoice with ease. Simply select your number of instalments and payment frequency, then Chaser will take care of everything for you, automatically. Chaser automatically chases instalments according to the due dates you determine, until payment is received.
As well as allowing customers to split invoices into smaller, more manageable payments, you can also make it easier for customers to make instalment payments. With the Payment portal in Chaser, your customers have access to a dedicated portal summarizing all invoices and instalments due, as well as a range of payment options they can use to send you the funds owed. Your customers can pay you through a range of options such as bank transfer, direct debit, ApplePay, open banking, debit or credit card, Stripe, and much more.
Stuart Hurst
Head Of Cloud Accounting, UHY“A very easy to use app, that's very clever at chasing debts. We've seen an improvement to debtor days almost immediately. ..the customer service and support Chaser offer is superb, can't praise them highly enough".
Sharon Pocock
Md & Principal Accountant, Kinder Pocock“This is such a good add-on. I truly believe that Chaser emails are sent with a little bit of magic. Even though I regularly used to send statements from Xero, the Chaser emails have had a far greater response, clients apologising for not paying sooner! It has definitely improved credit control, and the ‘thank you’ email when clients have paid is a lovely touch.”
Emma Fox
Founder & Md, Fresh Financials"Chaser has really changed the space. Several other apps have appeared in the market since Chaser - even Xero has its own invoice reminders. For us, though, Chaser is the one with the features we need. And at a great price, and with a great team supporting it, why would we ever change?"
Stuart Hurst
Head Of Cloud Accounting, UHY“A very easy to use app, that's very clever at chasing debts. We've seen an improvement to debtor days almost immediately. ..the customer service and support Chaser offer is superb, can't praise them highly enough".
Sharon Pocock
Md & Principal Accountant, Kinder Pocock“This is such a good add-on. I truly believe that Chaser emails are sent with a little bit of magic. Even though I regularly used to send statements from Xero, the Chaser emails have had a far greater response, clients apologising for not paying sooner! It has definitely improved credit control, and the ‘thank you’ email when clients have paid is a lovely touch.”
Emma Fox
Founder & Md, Fresh Financials"Chaser has really changed the space. Several other apps have appeared in the market since Chaser - even Xero has its own invoice reminders. For us, though, Chaser is the one with the features we need. And at a great price, and with a great team supporting it, why would we ever change?"
Are you tired of getting paid late? Fed up with chasing customers when they should have already paid you? You're not alone. See how you can overcome the common reasons for late payments, and protect your business' cash flow.
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