Reduce debtor days with faster payments on account
PencilPay simplifies and automates Payments on Account, ensuring seamless transactions, improved financial control, and satisfied customers.
Smarter trade account management
Digital credit applications
Streamline your application, approval and customer setup process to speed up the time to first order.
Verify customer data
Verify your customers legal entity and trading history in minutes, not hours.
Automated billing
Store Payment Information as part of the credit application process for seamless transactions and automated charging.
Efficient collections
Reduce debtors by personalising invoice reminder workflows and bundle overdue invoices into payment plans.
Streamline payments and onboarding with PencilPay today!
Simply book in a demo or sign up straight away and we will get in contact in the next 24 hours!
- Free 30-day trial
- Support 24/7
- User friendly
Automatically charge stored bank or credit card details
Collect and store bank or credit card details as part of the onboarding process. You can trust PencilPay’s PCI compliant system to keep it safe.
Automation
Facilitate seamless payments on credit terms and boost timely transactions through automated charging.
PCI Compliant
We adhere to PCI DSS, the internationally recognized payment standard endorsed by VISA, Mastercard and AMEX, as well as BECS, the Australian banking standard for Direct Debit transactions.
Automated accounts receivables
Streamline your accounts receivable by automating all your manual collections tasks.Â
Reminder workflows
Remind customers about upcoming and overdue payments with personalized workflows.
Flexible payment plans
Bundle overdue invoices into a single payment arrangement, ensuring you collect outstanding amounts and maintain uninterrupted trade. Â
Faster settlements
Stop waiting 3 days for credit card payments to settle. Funds from credit card transactions are in your account within 24-hours.
Bank reconciliations in a single click
Reduce your weekly reconciliation time by hours, not minutes.
Daily consolidated reconciliation
Simplify your reconciliation process with our daily consolidation of all bank or card payments into a single disbursement. Enjoy streamlined reconciliation with detailed itemized information.
Streamlined fee management
Pencil effortlessly handles merchant fees, whether you absorb, split, or pass them on, ensuring seamless balance in your accounts
Common FAQs
Who is PencilPay suitable for?
PencilPay is an ideal solution for businesses who sell goods on payment terms (7, 14, 30-days) and deal with a large volume of wholesale accounts. If you onboard new customers regularly, process frequent orders, and have challenges with manual credit applications, onboarding, risk management, and collections, PencilPay offers a seamless integration to revolutionize your credit management processes.
How does PencilPay ensure safe storage of payment methods?
PencilPay prioritizes the security of customer data. We employ robust encryption and secure transmission protocols to protect sensitive payment information. By storing payment methods securely, you can offer their customers a convenient and safe payment experience.
Does PencilPay offer 1-click bank reconciliation for multiple daily invoices?
Yes, PencilPay streamlines bank reconciliation by providing 1-click reconciliation for multiple daily invoices. This feature saves valuable time and effort for your team, allowing them to focus on other critical aspects of the business.
