Buy Now Pay Later
Empowering Buy Now Pay Later providers to optimise collections and enhance customer experiences in the fast-paced world of modern commerce.
Trusted by:
Increase in total digital collections
Boost in digital instalment plan adoption
High converting content pieces distributed
Increase in cash collected
Reduction in outbound calls
Increase in 7-DPD payments
Build debt collection strategies tailored for specific credit segments.
Zero IT support needed.
Born in the cloud & built with scalability in mind. Access new features without waiting for upgrades or suffering disruptive downtime. Reduce costs and gain control.
Enable the real-time flow of information between systems, applications and devices to improve insights, recovery time and recovery rates.
Use receeve's AI-driven customised communication and segmentation tools to personalise messages for your customers. This means every reminder and notification they receive will be crafted to resonate with them, resulting in increased repayment rates and higher customer satisfaction.
receeve gives you greater scope to offer flexible repayment plans and customised payment schedules, making it easier to find a set of payment terms that work for both you and the client, increasing the likelihood of customers paying on time.
Our debt collection software for BNPL providers enables real-time data integration with various analytics tools. This provides crucial insights into customer behaviours and payment trends, empowering your team to make informed decisions and evaluate risks more effectively.
receeve makes it easier to automate collections processes and other tasks associated with them - and later on this page we'll tell you more about why that's a good thing.
receeve seamlessly integrates with your current tech stack, ensuring a smooth implementation process and effortless interoperability. This leads to enhanced data flow and richer insights for your team.
The receeve team understands that regulatory shifts are common in the debt collections industry, and keeping up with them can be challenging. Fortunately, our platform provides valuable assistance in this regard, actively tracking evolving financial regulations and industry standards, ensuring your compliance with them. By doing so, you not only mitigate risk but also uphold your customers' trust.
receeve's intuitive drag-and-drop interface empowers anyone, regardless of their level of IT knowledge or training, to easily create tailored debt collection strategies for specific credit segments. With our solution, BNPL providers require zero IT support.
Because it was born in the cloud and built with scalability in mind, receeve makes it easy to access new features without needing to wait for upgrades or suffer disruptive downtime while they're added to the system. This is just another way our debt collection software for BNPL providers helps to reduce costs and gain more control over collections.
The rise of Buy Now Pay Later (BNPL) services is transforming the financial landscape. While it offers numerous benefits for consumers and retailers, it brings new challenges for debt collection. To tackle this, we’ve outlined how debt collection software for BNPL providers can meet those challenges through AI-powered insights. Let's take a look.
Debt collection software for BNPL providers can help businesses improve their debt collection strategies by improving communication with customers. Our platform provides an integrated solution to manage all customer interactions, ensuring consistency and efficiency in communication. It enables providers to send timely and personalised notifications, reminders, and updates. This fosters a transparent relationship with the customer, proven to increase the likelihood of repayment. Additionally, it facilitates two-way communication, allowing customers to raise queries or concerns, ultimately enhancing customer service."
Automation can be a game-changer for debt collection strategies. With debt collection software for BNPL providers, companies can automate a wide range of repetitive and monotonous processes, which could include anything from sending reminders, to escalating overdue accounts to the next level of collection. Automation not only increases efficiency, it also reduces the risk of human error, and ensures more proactive debt collection, - helping providers to keep track of all accounts and act on them promptly.
Every customer's financial situation is unique, and this needs to be considered when formulating repayment plans. Debt collection software for BNPL providers allows for the creation of personalised repayment plans, and it can analyse customer data to understand their payment capacity and preferences. These capacities make it highly adept at designing bespoke payment plans, and this individualised approach can improve debt recovery rates and enhance customer satisfaction.
One of the main advantages of implementing debt collection software for BNPL providers is the significant reduction of manual tasks and paperwork needed to be done by your team. As mentioned, automation can help collections teams spend more of their time focusing on improving rates of recovery, but that isn't the only benefit.
By automating repetitive tasks like sending reminders, updating customer information, and tracking payment progress, debt collection software for BNPL providers can make your commercial processes more efficient. This means no more sifting through stacks of documents or wasting time on manual data entry. Our platform automatically updates and organises data, ensuring accuracy and easy access.
Our debt collection software for BNPL providers is designed to optimise resource allocation and productivity. By automating routine tasks, your team can concentrate on the critical work that requires human intuition and expertise, and “collect smarter, not harder”.
With receeve at their disposal, your employees can achieve higher collection rates, improve customer satisfaction, and contribute more significantly to your company's bottom line.
As your BNPL business expands, your debt collection strategies and processes need to grow with it. That's why scalability needs to be a crucial feature of any robust debt collection software system, and why receeve was built to deliver it. So with our platform, the next time your business grows, you can carry on with business as usual, safe in the knowledge that receeve can scale up to accommodate your growth, meaning you can continue to collect debts efficiently and effectively.
For BNPL providers, staying on top of changing regulatory landscapes can be challenging. Debt collection software for BNPL providers is designed to alleviate these challenges. The software is equipped with features that automatically update in line with regulatory changes, ensuring continuous compliance. This proactive approach to compliance management reduces the risk of financial penalties and enhances brand integrity.
In the BNPL industry, consumer protection is of paramount importance, - and debt collection software for BNPL providers can be instrumental in managing collection practices in accordance with consumer protection laws. By automating communication and implementing personalised repayment plans, our platform helps you to ensure that your collection practices are fair and respectful, prioritising customer satisfaction and retention.
An essential feature of debt collection software for BNPL providers is its capacity to create extensive audit trails and documentation. This function bolsters regulatory compliance by recording all collection practices, promoting transparency and accountability, and providing the necessary evidence to demonstrate adherence to established standards.
Learn how receeve is empowering leading Buy Now Pay Later (BNPL) providers to deliver improved debtor outreach and optimised collections performance.
