Get 100% more efficiency in financial reconciliation and accounting
Eliminate errors, mitigate risks and reduce the burden on your accounts team by digitizing invoice generation, payment collection and account reconciliation on PayNearby’s automated invoice management platform. Get efficiency in your financial accounting processes.
Contact Solution Experts
Who can benefit from this service
Retail businesses of all sizes, across industries, can digitize invoice reconciliation and management by using the PayNearby platform and bring efficiency to their financial accounting processes
Fast Moving Consumer Goods
Pharma
White Goods and Electronics
Textile and garments
Beauty and Hygiene products
Why automate invoice management with PayNearby
Faster processing
Reduce delays and time lags that result from manual interventions through automation of the entire financial management system. Ensure faster processing of invoices across the funnel
Drive cost efficiency
Reduce overhead expenses of setting up big accounting teams to manage financial processes. Also eliminate inefficiencies that result from delays, misuse and errors due to manual interventions.
Better Cash Flow
Digitize invoice generation and payment acceptance to ensure faster payment realization, greater transparency and better cash flow management for all stakeholders.
Better credit scoring
Data driven insights help corporates take more informed decisions on the stock, funds and business health of their channel partners. This helps them scale the business by providing appropriate bill discounting and flow based lending support.
Seamless, single platform
Corporates can efficiently manage the reconciliation across all channel members, including distributors and retailers, through a single seamless view.
Backed by the safety and security of PayNearby
Our time tested systems service more than a million transactions per day, with the highest success matrix and 99.9% uptime. PayNearby is certified to the highest compliance standards and your transactions are secured and protected with us.
How does it work?
-
Distributor uploads invoice on the App.
-
Retailer can view all invoices against his ID/mobile number
-
Retailer selects invoice to make a payment, and selects the mode of payment that is convenient for him
-
Reconciliation is done by PayNearby system and MIS is sent to the corporate
Digitize invoice management with us
Whether you are a small business owner, or a CFO of a corporation, let us help you digitize your Financial Accounting and Invoice Management. Optimize cost and get efficiency in your organization.
Our Partners
Download PayNearby now
Use PayNearby app & take charge of all your transactions to grow your business
