Chaser, the global credit control automation platform, today announced the expansion of its accounting software integrations by launching a seamless connection with mid-tier Cloud accounting platform, AccountsIQ.

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More small and mid-size businesses can now say goodbye to late payments with the Chaser and AccountsIQ integration that uses credit control automation for payment collection and reconciliation. The partnership has already been successful in improving cash flow and reducing business administration.

Late payments are a growing source of stress for business owners, with a 209% increase in late payments recorded since the global pandemic (CPA, 2020). Chaser’s integration with AccountsIQ helps businesses put an end to late payments, whilst maintaining strong customer relationships, by allowing them to chase payments in a friendly, non-robotic manner. Not only do business owners improve their chances of being paid, but there is the added bonus of avoiding those uncomfortable conversations chasing overdue invoices.

The set-up is simple, and once customers have signed up, they can quickly set up personalised payment reminders and sending schedules. Due to the two-way integration, payments collected are consequently reconciled in both systems. This helps ensure accurate accounting data and saves admin time.

Sonia Dorais, CEO of Chaser, has said: “SMEs drive economies of the world, yet late payments are a big issue and impact how they make day-to-day decisions. By working with leading accounting systems like AccountsIQ, we’re helping to remove the hassle of late payments so that these businesses can save more time and focus on doing what they love so their business can thrive long-term.”

Darren Cran, Chief Operating Officer of AccountsIQ adds: “Our customers have a huge opportunity to optimise their payment chasing processes. Through our partnership with Chaser we can offer businesses a better, more integrated way to chase payments so they can get paid sooner and reduce the strain that late payments put on their cashflow.”

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