Accounts Receivable Automation

Your Accounts Receivable partner in the cloud is here to -

Forecast future debtor positions & pivot accordingly

Improve team capacity & satisfaction

Reduce customer disputes & improve relations

Eliminate manual, non value add tasks

Accelerate cash collections & reduce DSO

Software designed and developed by industry professionals for industry professionals

Secure Your Cash Flow - welcome to PayDrive, the intelligent A/R automation solution

About us

... having had first hand buyer side experience with several software solutions in the Order to Cash space. I have in-depth insights into the features and functionality available and how successfully these meet the "wants" or, perhaps more importantly, the "needs" of the business.

As well as leading international engagements for clients whilst part of the PwC Working Capital team, I held a number of senior operational roles for global businesses across the UK, Europe and North America during my 20+ year career in the Accounts Receivable / Order to Cash arena. I understand the challenges that Finance leaders and their teams face as I have been there too.

I am now excited to be leading our expansion in the Accounts Receivable software space.

Turning my Accounts Receivable operational experience into powerful, user centric software ...

Neil -

Co-owned by Neil and Rory, PayDrive was born out of a genuine desire to automate and simplify the accounts receivable processes for our customers and their users. Having spent many years in senior operational and consulting roles across Europe and North America, Neil was unable to find a solution that could automate and, at the same time, simplify the critical cash flow accounts receivable processes.

Using PayDrive’s intelligent automation cloud solution, our customers rapidly accelerate cash flow and improve their teams' capacity and satisfaction.

Underpinning the platform, the cloud analytics tools provide real time insights into customer behaviours, helping to improve the decision making process for collectors, team leaders and senior management.

... my mission is to reduce the time between listening to the idea and delivering a solution they love, in a time frame that makes them eager to tell you their next idea.

With over 17 years experience of delivering software solutions to both the public and private sectors, I have seen many evolutions in the industry. I have worked for large consultancies, FTSE100 clients, price comparison websites, defence and aerospace companies, and banks.

They all have some things in common;

* a problem or idea that software can solve

* a limited budget and limited time

* an expectation for bug free, easy to use, secure, fast, software

My job is to listen to the client, understand the requirement, innovate a solution and deliver it ...

Rory -

We solve your most pressing accounts receivables challenges

Cash is the lifeblood of your business

With PayDrive, know where your cashflow is blocked

Our intelligent automation tools help you predict which customers are most likely to delay payment

Focus your resources on these customers, targeting them with the most appropriate collections strategies

As customer payment behaviours shift, our segmentation engine dynamically reassesses the most appropriate treatment paths to follow with each customer

"Within weeks of integrating with PayDrive, we were able to understand where our cash was tied up...

...and using the PayDrive segmentation engine, targeted customer groups that had the biggest impact on our cashflow generation"

Order to Cash Manager

Successful cash collections requires collaborative cross functional teamwork

The journey of delivering goods / services through to invoicing and cash collections is a complex process

Many functions across the organisation play a part in a satisfied customer making payment for when an invoice is due

PayDrive is designed to enable different areas of your business gain access and insight into the current position of their customers. With customisable access permission rules, you can determine which section of the system each user is permitted to view

"Since going live with PayDrive, the visibility we now have in terms of which departments need to feed into the process has improved dramatically...

...and we are now unearthing and resolving disputes much quicker in the cycle and, once identified, ensuring the correct team resolves them"

Senior Credit Manager

We do not charge per user and encourage our clients to maximise access. With users from Sales, Operations, Finance, Billing or Credit Control, PayDrive actively encourages cross functional collaboration

Recruitment challenges, integrating acquisitions or strategic efficiency initiatives; all require you to do more with less resources

The modern day Finance team is under increasing pressure to look for efficiencies and many clients are experiencing ongoing challenges to backfill vacancies

Our intelligent customer segmentation and automated collections workflows enable our clients to prioritise the value add activities for their teams

Our activity management module provides your team with their prioritised daily tasks and ensures they hit the ground running each day, rather than spending up to 2 hours preparing and choosing who to contact

With fully customisable collections workflows, PayDrive learns your customer behaviours and determines when emails, calls and letters should be generated

"In the last 3 years we have seen a reduction in the number of qualified candidates available in the market place...

...and, having embedded the PayDrive solution into our operational infrastructure, we have been able to deliver improved results, using less resource"

Senior Order to Cash Leader

Understanding your current position in real time analytics as well as learning from past performance - can you do this today?

Sound familiar? If so, lets chat and see how our cloud analytics engine can transform your access to a real time suite of data insights

Our dashboards provide you with your future, period end debtor position. Do you ever ask "what will our overdue be at month end?" Well, now you will see it

Do you want to view your historical month end aged debt reports in one place? Now you can

"With PayDrive's cloud analytics dashboards, we now have all of our debtor related reporting under one roof. Having previously lived in a world of many manual spreadsheets...

...we now have access to powerful dashboards that are used across our business and which provide one version of truth. In addition, removing manual report generation has saved many hours of valuable time each month"

Senior Order to Cash Leader

Do you want to track your cash receipts versus target in one place? You guessed it, of course you can

Many organisations are still operating across multiple legacy finance systems

Whether you currently manage your customers in 1 or across multiple finance systems, PayDrive will integrate with ease

To meet the challenge of organisations operating across multiple platforms, our system was designed to consolidate and centralise data from multiple sources

Providing you with a unified view across all customers, we remove the need for teams and reporting to operate in silos

"We operate across several ERPs and having tried to integrate with other software solutions previously, were amazed at the ease with which PayDrive could do this and...

...how quickly the implementation was. In addition, they have been really flexible and supportive as we migrate customers from our older legacy ERPs to our cloud ERP solution"

O2C Business Process Owner

As well as integrating with multiple systems to manage your day to day activities, PayDrive also enables the loading of additional data sources, such as loading your month end aged debt reports from your finance system as well as daily cash reporting

Do you have questions?
We have the answers (well, most of the time!). Send a message if you cannot find what you are looking for

Our address:-

Barnston House, Beacon Lane, Heswall

Wirral

United Kingdom

CH60 0EE

Mail

Our email:-

support@paydrivesolutions.com

CONTACT US

We would love to chat and see where PayDrive can assist your organisation. Either email or fill out the contact form and we will be in touch