Parakeet adds early payment discounting to invoices and automate 100% of your bills, including BPAY Batching. Enjoy the freedom of having your bills automatically paid & reconciled. Experience the joy of customers paying your invoices early, without chasing or borrowing.
    Overview

    Parakeet is a one-stop payments hub to automate the payment and reconciliation of both bills and invoices for businesses.

    Parakeet automates the payment and reconciliation of all bills to reduce bills workload by 76.9%, so businesses can get time back and grow without the cost & operational burden of running a business.

    Parakeet also integrates early payment discounting into invoices, so customers are encouraged and rewarded with real-time discounts for paying early to reduce the burden and relationship strain caused by chasing or borrowing to fund late invoice payments.

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    Parakeet + Xero

    The Parakeet integration provides:

    Automated Bill Payment:

    • Schedule, pay and reconcile all bills using cards or bank accounts
    • Export BPAY batches for upload
    • Request early payment discounts from vendors
    • Earn reward points on card payments
    • Auto reconciliation of discounts
    • 1 click-n-transfer bank reconciliation

    Turn static invoices into dynamic invoices with real-time early payment discounting:

    • Issue invoices with early payment discounts
    • Direct Debit included
    • BYO merchant facilities (e.g. Stripe or any local providers such as ANZ)
    • Choice of incremental or static discounts
    • Auto reconciliation of discounts given
    • 1 click-n-transfer bank reconciliation

    Reviews & ratings

    5.0
    2 Reviews
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    LL
    Lynn Liew
    Posted

    Streamlining payment process

    Before using Parakeet, I have to manually schedule payments and it took me at least 4-5 hours a week. With Parakeet, everything is just one button away "Approve" and with that I am able to focus running my business more effectively as a small business owner and save tons of time importing invoices manually. Receive Invoice > schedule > BOOM done.
    JT
    Jade To
    Posted

    Short payments sorted

    We offer early settlement discounts but when I receive a short-payment, I spend days hassling the sales team trying to work out why it was short paid. Anyway, we heard about Parakeet and decided to give it a go. I really like how our invoices recalculates the discounts so it's always updated. It has saved us heaps of headache and time. So glad we gave it a go. ​If anyone is manually offering early settlement discount like us and is sick of trying to work out short-payments or doing the bookkeeping for each short-payment, give Parakeet a go.
    Additional info

    Shared data

    Xero
    Parakeet
    Bank Transactions
    Bank Transfers
    Branding Themes
    Contacts
    Invoices
    Payment Services
    Payments

    App details

    Added in 2021
    Although Xero reviews each app in the Xero App Store, we can’t give any guarantees. It’s up to you to assess the performance, quality and suitability of any app before going ahead.