FreePay – Electronic Invoicing Presentment & Payment

Key features

• 𝐑𝐞𝐚𝐥-𝐓𝐢𝐦𝐞 𝐈𝐧𝐯𝐨𝐢𝐜𝐢𝐧𝐠 – Instantly generates and delivers invoices to the customers for faster collections.
• 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐃𝐮𝐧𝐧𝐢𝐧𝐠 – Supports configurable dunning and sends automated payment reminders to buyers via email, SMS, and portal notifications.
• 𝐃𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐃𝐢𝐬𝐩𝐮𝐭𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 – Identifies valid deductions, auto-computes certain deduction types (e.g., withholding tax), allows Approval workflows set-up at deduction level and provides automated dispute notifications.
• 𝐄𝐚𝐬𝐲-𝐭𝐨-𝐔𝐬𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐏𝐨𝐫𝐭𝐚𝐥 – A self-service portal for viewing invoices, payments, and credit note applications. The documents can also be downloaded.
• 𝐌𝐮𝐥𝐭𝐢𝐩𝐥𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐎𝐩𝐭𝐢𝐨𝐧𝐬 – Supports various payment methods such as RTGS, ACH, UPI, and card payments, along with payment scheduling through direct debits.
• 𝐀𝐈-𝐁𝐚𝐬𝐞𝐝 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 – Provides real-time insights into receivables health and history, overdue invoices, and cash flow trends, enabling data-driven decision-making. It also offers detailed tracking reports and data export/archival options.
• 𝐒𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐨𝐧 𝐀𝐥𝐥 𝐃𝐞𝐯𝐢𝐜𝐞 – Accessible via a web portal and mobile app, supports multiple languages and currencies, and offers white-labeling.
• 𝐅𝐥𝐞𝐱𝐢𝐛𝐥𝐞 𝐃𝐚𝐭𝐚 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 – Seamless data exchange with different systems through APIs and file exchange, supporting various ERP and proprietary formats.
• 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 – Enables seamless channel financing for buyer/ dealers through banks/NBFCs, with both corporate or dealer-initiated drawdown options.
• 𝐏𝐨𝐫𝐭𝐚𝐥 𝐟𝐨𝐫 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝐓𝐞𝐚𝐦 – Provides access to buyer information and real-time payment status. If needed, collectors can also make payments on behalf of buyers and collect cash from customers.
• 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐃𝐚𝐬𝐡𝐛𝐨𝐚𝐫𝐝 – Offers customizable invoice presentation with options for various formats (including QR codes/barcodes and e-invoices) and multiple viewing/downloadable formats (PDF, HTML, JSON/XML).
• 𝐈𝐧𝐯𝐨𝐢𝐜𝐞 𝐚𝐧𝐝 𝐂𝐫𝐞𝐝𝐢𝐭/𝐃𝐞𝐛𝐢𝐭 𝐍𝐨𝐭𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 – Supports all in-country payments, including consolidated payments across multiple invoices with credit note adjustments, as well as advance payments.
• 𝐂𝐨𝐧𝐟𝐢𝐠𝐮𝐫𝐚𝐛𝐥𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐓𝐞𝐫𝐦𝐬 𝐚𝐧𝐝 𝐂𝐫𝐞𝐝𝐢𝐭 𝐂𝐡𝐞𝐜𝐤𝐬 – Allows for setting credit periods, conducting instant credit checks, and managing advance payment.
• 𝐂𝐚𝐬𝐡 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐚𝐧𝐝 𝐎𝐯𝐞𝐫𝐝𝐮𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐇𝐚𝐧𝐝𝐥𝐢𝐧𝐠 – Facilitates multi-dimensional discount calculations, real-time discount computation and penalty calculations, and overdue payment processing.
• 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐑𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐢𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐏𝐨𝐬𝐭𝐢𝐧𝐠 𝐭𝐨 𝐄𝐑𝐏 – Ensures real-time payment matching and instant ERP updates.