Today’s collections environment is highly competitive in both the financial services collections and accounts receivable management sectors. This is causing many managers to search for competitive advantages to set their business model apart, such as using payment processing technology to process payments quickly, compliantly and more efficiently.

Decca Software Company, creators of Collections MAX free debt collection software suite, identified a competitive advantage by partnering with BillingTree and integrating their Payrazr solutions. Decca Software Company’s clients now offer a myriad of payments to appeal to different consumers. Offering more payment options can result in more on-time payments.

Comtronic Systems realized the competitive advantage of updating their payment technology to meet customers’ needs, which is why they signed on with BillingTree’s Payrazr. This suite of payment solutions allows their collection software solution to offer a wide variety of payment options that appeal to a wide range of customers. Payrazr enables Comtronic Systems to gain a competitive edge and to drive revenue through the extensive range of payment solutions offered.

CDS Software gained a competitive edge over others in the Accounts Receivable Management (ARM) industry by integrating their CollectOne software solution with Payrazr. This integration enables CDS Software to offer a comprehensive suite of payment options that appeal to all consumers. Offering payment options that appeal to more consumers lets CDS Software drive revenue by accepting more payments.

• Cyclone Software joins growing number of Accounts Receivables Management (ARM) software providers to integrate myPayrazr™ solution suite
• Extends payment channels for Cyclone customers including an online portal and Interactive Voice Response (IVR)
• Includes access to BillingTree Merchant Services plus the Payrazr Marketplace for additional resources

Phoenix, Ariz. – August 9, 2017 BillingTree®, a leading payment technology and services provider, today announced Accounts Receivable Management (ARM)...

For those in the Accounts Receivable Management (ARM), Property Management, Healthcare and Financial Services industries, payment technology trends mean change is on the horizon. Savvy startups and medium-sized businesses can leverage emerging payment technology to level the playing field with their enterprise-level competition.

Collection agencies are always looking for more customers to serve. In the competitive collection industry, it can be difficult for companies to find clients and sustain their relationships.

As consumer-directed health care and health plan deductibles are on the rise, patient payments have increased. Today, patients are paying for their healthcare with a variety of cards such as debit, credit, health savings accounts, and flexible spending accounts. Because of increased use of debit and credit card payments, healthcare providers and organizations must ensure payment card compliance.

The practices of card-present payments and writing physical checks to pay bills are quickly becoming obsolete. Customers want easy to use systems to send money and take care of their debts.

Collection agencies are always busy serving their customers, inputting customer data, setting up payment plans, and retrieving payments. If collection agencies have to also manually enter payments and incorporate all of their customer data into their accounting, they are going to lose precious time and money, and be unable to function at their highest capacity.