Create Incentive schemes for your debtors to motivate them to pay early and not wait for the payment terms to lapse.

 

This is really helpful if there’s an urgent cash requirement for your business investment or payment for your vendors. Instead of borrowing money from banks or private lenders at an interest rate, you can offer your debtors a certain discount for paying early on their invoices.

 

This incentive detail is sent to the debtors assigned on that scheme along with the invoices and payment reminders shared, urging them to pay early.

 

You can create multiple schemes and assign debtors according to your business needs.