Set it and forget it
Simply set up your fee policy and payment reminder settings, then let us go to work for you! Gone are the days of manually reviewing your accounts receivable for overdue payments, typing up emails or making those dreaded collection phone calls. Nothing motivates prompt payment like a late fee. Let us motivate your customers to pay on time while you focus on running your business.
Make AR collections less personal
Maintaining valuable personal relationships with your clients and the awkward nature of calling to collect money owed simply don’t mix well. We help separate you from that uncomfortable role by allowing you to say, ‘I’m sorry, that’s just how our system is set up.” It seems simple, but it can be a powerful technique to remove the personal relationship from the collection process. This helps diffuse tensions by removing any one person from collections process, while maintaining the rigidity of your net terms and late fee policy. And you always have the ability to personally waive the system generated late fee, making you the good guy/girl, but still relaying the message that prompt payment is required.
We understand that smart small business owners are always looking for the best bang for their buck. That’s why we are focused on a product that not only produces a return on your investment, but often pays for itself many times over every month. The time and labor savings realized by not manually chasing overdue payments alone will typically outweigh our monthly subscription costs. In addition to the labor savings, many customers accrue enough late fee revenue in their first month to pay for months or even years worth of service. Late Fee Manager provides a very demonstrable and unique return on investment.