Techjockey News

New Delhi: Capchase is a revenue acceleration program for SaaS companies, and they have recently introduced its new invoice collection tool called Capchase Collect. The company is on the mission to assist SaaS firms in revenue management, grabbing non-dilutive investments, and fostering growth.

An industry report in 2022 revealed that 49% of business invoices for services in the US become overdue. If the collection process takes time, then the likelihood of payment settlements by the customer decreases significantly. Moreover, in 2023, Capchase observed a 20% increase in the average day’s sales outstanding (DSO) for SaaS companies due to which companies had lower working capital for their growth investment.

So, Capchase came up with Capchase Collect to solve this problem. It is a smart tool that helps businesses with sending bills, reminding customers to pay, and making the whole payment process faster. For businesses that are struggling with late payments or want to avoid them, Capchase Collect can increase the amount of money coming in by about 34% each month.

Miguel Fernandez, CEO and co-founder of Capchase said, “Effective revenue management is one of the fastest ways companies can strengthen their capital position. Capchase Collect is a transformative solution for SaaS founders, addressing the core challenge of securing revenue from customers in a consistent and efficient way.”

He further stated, “With Collect, we streamline the entire process – beyond just invoice generation—ensuring timely payments, reducing errors, and facilitating robust collaborations across departments. Our focus is on boosting cash flow predictability and empowering SaaS companies to harness their financial potential with ease.”

The easy-to-use tool from Capchase works seamlessly with their customer dashboards or can be used on its own. It can also integrate with accounting systems like Quickbooks and Xero. Moreover, Capchase Collect is part of Capchase’s lineup of tools, joining others like Capchase Grow and Capchase Pay.

Capchase Collect is available for SaaS companies of all sizes, from small to large. It’s an ultimate tool that helps these companies automate their bill collection and enhance their cash flow.