![Request-to-Pay Request-to-Pay](/sites/default/files/exela-solutions/finance-accounting_008.jpg)
Request-to-Pay
Enhance communication and payment transparency.
Reduce billing and reconciliation costs.
Improve liquidity and reduce risk.
Potential for up-sell and cross-sell overlays.
Opportunity to introduce funding and lending options.
Overview
Request-to-Pay unifies customer communication and settlement services and leverage real-time payments to offer greater transparency and convenience to both billers and payers. As a hybrid messaging, billing, and payment service, Request-to-Pay closes the gap between all parties to a transaction, provides greater flexibility and transparency to both sides, and facilitates standardized data exchange to offer greater automation potential.
Secure Communication
Request-to-Pay links billers and payers through an encrypted messaging interface that enables two-way communication, information sharing (including document attachments), and notifications prior to payment initiation. Not only does this facilitate simpler transactions, it also reduces costs associated with payment exceptions and breakage.
A Configurable Solution for Billers and Payers
For Billers: Select payer and reference details, set an invoice or bill amount, attach bill or invoice data and/or supporting documents (such as pre-agreed terms and conditions), and schedule the time period for payment.
For Payers: View invoices/bills and payment requests from a single secure portal, coordinate key dates, communicate with billers, and set up scheduled payments or initiate real-time payments – all from the user’s preferred device.
Functionality for all User Types
Whether a large enterprise, small business, not-for-profit, or independent contractor, Request-to-Pay offers simple, straight-forward functionality that provides transaction transparency, simplicity, optimized data exchanges, and reduced processing times and cost. Gain better visibility into receivables and payables to help optimize liquidity decisions.
Platform & Payment Flexibility
Request-to-Pay can be utilized through a secure web browser, or a smartphone application. Requests can be initiated through technologies as diverse as QR codes, hot-linked URL’s, NFC tags, vehicle license plates, and unified domestic messaging services.
Explore Solutions
Exela Smart Office is a suite of interconnected workplace technologies and services. Find out how business process automation tools can enhance your employee and visitor experience, optimize space and energy usage, and streamline daily processes.
Unified on a single, cloud-hosted platform, Digital Now is a suite of solutions built to accelerate your digital transformation. With rapidly deployable enterprise software and a team of experienced specialists behind you, you can do business better.