ezyCollect Company Research Report
Company Overview
- Name: ezyCollect
- Mission of the Company: To provide smart technology solutions that ensure businesses have the cash flow, confidence, and information necessary to achieve their goals, helping them to be paid on time.
- Founded By: AJ Singh and Raj Kuckreja
- Year Founded: 2014
- Key People:
- AJ Singh (CEO and Co-founder)
- Raj Kuckreja (Chartered Accountant and Co-founder)
- Jimmy Cooper (Co-founder)
- Headquarters: No information is available
- Number of Employees: No information is available
- Revenue: No information is available
- Known For: Providing full-stack accounts receivable automation software that streamlines AR processes, speeds up payment collections, and offers insights for better credit management.
Products
Accounts Receivable Automation Platform
- Description: A comprehensive platform that automates accounts receivables processes, enhances cash flow, and reduces overdue outstandings in businesses.
- Key Features:
- Automated reminders through email, SMS, and phone.
- Integrated payment portal for faster invoice settlement.
- Credit insights for better risk management.
- Real-time invoice tracking and management.
- Integration with major ERP and accounting systems.
ezyCollect Payments
- Description: An integrated payments solution for seamless financial transactions.
- Key Features:
- Supports NZD transactions with a dedicated platform for New Zealand.
- ACH payments for US bank account transactions.
- Auto-reconciliation into ERP systems.
Credit Insights
- Description: A credit management tool providing robust assessments and monitoring of customer payment risks.
- Key Features:
- Aggregation of debtor data with external trade payment activity.
- Real-time alerts and credit monitoring.
- Action-based debtor grouping and reporting.
Simplypaid
- Description: A tool for enabling faster online B2B payments directly on invoices.
- Key Features:
- Easy integration with existing systems.
- Streamlined user experience for paying directly from invoices or emails.
Recent Developments
- New Features:
- Direct Debit Authority (DDA) capability on customer onboarding and credit application forms.
- Introduction of payment plans that aim to transform recurring payment management.
- Partnerships:
- Collaboration with illion, a credit reporting bureau, to enhance the Credit Insights feature with market-leading data.
- Funding:
- Raised $7.1 million as announced in the Australian media on February 5, 2020.
- Impact:
- Clients of ezyCollect have reported a 43% average reduction in overdue receivables within the first 12 months.
- Clients have saved approximately 16.5 years in manual process time by automating AR tasks with ezyCollect services.
This report covers the essential aspects of ezyCollect, providing an overview of the company background, its products, and notable recent advancements.