What is payment reminder software?

Chasing down invoices can take up a lot of time, and late payments can have a severe effect on your cash flow position. Invoice reminder apps that integrate with Xero tackle this common challenge with features like automated accounts receivable workflows to help you get paid faster, with less hassle.

What are the benefits of using invoice reminder apps?

• Get paid promptly. Get additional functionality on top of Xero’s in-built invoice reminders, with features like automated late fees, interest and even early-payment discounts.

• Spend less time on admin. Cut down the amount of time you spend chasing down invoices by setting up automated reminders and payment schedules for your customers.

• Improve customer experience. Give your customers easy ways to pay invoices and reminders that are suited to their lifestyle and ways of working, no matter where they are.

• Control your risk. Avoid exposure to bad debts with features that assess customer credit risk, and offer integrated credit scores or risk profiles.

What are the typical features I can use with payment reminder software?

• Automated workflows. Set up automated email, SMS, and other messages to customers about upcoming or overdue payments, reducing manual follow-up efforts.

• Accounts receivable management. Streamline processes like invoice chasing, aging analysis, and account reconciliation to maintain more accurate records.

• Cash flow optimisation. Features like interest on overdue payments, flexible financing options, and automated statements improve cash flow and reduce debtor days.

• Customisable communication. These apps often provide customisable templates for reminders and statements, allowing you to stay consistent and professional with your communication.

• Real-time reporting. Get a sense of your cash flow position based on the invoices that have been paid or are yet to be paid in easy-to-generate reports.

How invoice reminder software works with Xero

Apps build on Xero’s in-built invoice reminder automation with more features to help you chase down invoices and get paid faster. They sync with your customer, invoice and payment data in Xero to allow you to:

• Set up invoice reminder workflows that are triggered by invoice status or customer records in Xero - no more manual intervention.

• Easily pull detailed and accurate insights, such as aging analysis or debtor summaries, based on your current financial data in Xero.

• Log different types of customer payments, such as payment links or gateways, straight to Xero.

• Reflect any interest payments or discounts automatically in Xero

Find your fit

Every invoice reminder software integration with Xero can be different. To learn more, browse through the apps in this category. Click on an app to find detailed information on how it works and integrates with your Xero account, and see ratings and reviews by other Xero users. Want to try an app? You can then get started directly from the app listing page in just a few clicks.