Request to Pay Solution Overview
Exela’s Request to Pay (RtP) is a groundbreaking, innovative payment solution designed to optimize payment processing for organizations of all types, from small businesses to large enterprises and NGOs. By providing end-to-end audit trails for billers and fostering two-way communication throughout the process, RtP not only eliminates the need for tedious manual processes but also ensures swift payment requests and enhanced communication avenues.
With its trifecta of a biller portal, secure repositories, and a payer app, this solution promises quicker payments, insightful historical data, and the potential to drastically improve cash flow, giving businesses an edge in liquidity management.
Efficient Cost Management
By eliminating the costs of paper trails and multiple systems, RtP consolidates all payment processes. This integration ensures a significant reduction in errors and accelerates transactions. Businesses gain exceptional control over payment collections, enhancing efficiency.
Insightful Data Analytics
RtP meticulously logs every transaction and response, building a comprehensive data repository over time. This treasure trove of data reveals invaluable insights into payer behaviors, from punctual payments to occasional defaults. Armed with this knowledge, businesses can strategize more effectively and ensure optimal liquidity management.
Transparent Communication Channels
RtP stands out with its secure messaging platform, allowing for private and transparent conversations between the payer and the biller. This feature not only ensures clear communication but also provides flexibility in bill settlements. By mitigating potential misunderstandings, it transforms the essence of bill payments.
Robust Security Measures
Exela’s RtP solution employs top-tier security features including state-of-the-art data encryption and GDPR compliance. Secure channels protect every transmission, while stringent access management confirms that only authorized users can access crucial data. Trust in RtP for a secure, uncompromised payment experience.
Seamless Transaction Flow
Through the portal, billers easily dispatch invoices, ensuring they reach payers across any compatible network. On receipt, payers using the dedicated app have the flexibility to initiate payments or engage in direct communication with billers. The entire process is designed for ease and efficiency.