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it most

the only Accounts Receivable
collection tool for SMEs powered
by automated early payment discounts

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Build a holistic data-driven collection strategy

Early Payment discounts

Send interactive invoice follow-up emails with built-in discount offers

Payment Scoring

Use discount recommendations based on data

Customised workflows

Set reward logic and notification rules for different customer subsets

Think ahead. Prevent the burdern of late payments

53% of businesses tolerate uncomfortable payment terms to protect customer relationships*

Making matters worse, over 60% of B2B invoices are regularly paid late.

Small businesses are typically the most affected by the payment delays

*"European Payment Report", Intrum 2023 (c)

Nearly one in four SMEs face financial difficulties or even bankruptcy as a result of overdue invoices.

Offer better terms to your fast paying clients

No, it's not fair that you and your customers have to compensate for all the costs and hassle caused by the late payers.

Our special offer

Offer easy-to-use payment incentives integrated with payment reminders

Measure the costs associated with credit terms and payment delays

Use data to customise incentives and make them work for your clients

One home for your payment incentives and accounts receivable management

1

Sync AR data

Easy onboarding for you, no onboarding for your customers

2

Set incentive and payment rules

Incentivise payments on particular dates through dynamically updated discounts

3

Customise AR workflows

Use automated scenarios, custom policies and seasonality patterns

4

Control AR and get paid when you need it most

Schedule a discovery call

Oteero helps B2B suppliers manage accounts receivable and get paid faster leveraging automated data-driven early payment discounts

Imagine if all your clients paid on delivery

Kick off a new project
Icon 2 Invest in Advertising & Marketing
Icon 4 Pay a dividend
Icon 4 Pay early to suppliers & reduce costs

Unlock working capital without hiring additional staff

Invest in growth

FAQs

Oteero is a web-service that helps SMEs improve Accounts receivable collection process by implementing highly customised and automated early payment discounts. Suppliers/vendors can set up dynamically updated discounts that are automatically repriced for any payment date selected by the buyer. This means that buyers can benefit from discounts by paying invoices at any time before they are due, making them continuously motivated to pay early or on-time. The system allows to account for past payment statistics, seasonality patterns and supplier’s cash-flow needs to identify appropriate incentives and make them work for both parties.

>60% of businesses are not getting paid on time. The latest data suggests that the situation appears to be worsening, with increased credit losses, bankruptcies, and longer average payment times reported.
  • nearly 1 in 4 SMEs face financial difficulties or bankruptcy due to overdue invoices
  • the average business spends around 10.5 hours/week chasing payments
  • for service providers the av. delay is 23 days (~0.3 - 0.8% of an extra financing cost)

Offering incentives for early payments is a common strategy to encourage clients to pay their invoices before the due date. It helps to improve cash flow and reduce the risk of late payments and can also be used to build customer loyalty. When implementing early payment incentives, it's essential to communicate the offer clearly to clients. It's also important to monitor the effectiveness of the incentives and make adjustments as needed to ensure they result in improved payment behaviour.

There is a growing demand for accounts receivable management software that streamlines supplier’s invoicing and collection workflows, helping them to get paid on time. Although early payment discounts are a common element of a robust collection strategy, most Accounts Receivable software suits have limited capabilities for managing even standard fixed discounts. Oteero’s dynamic discounting mechanism enables buyers and suppliers to quickly identify payment dates that balance their economic interests. Consequently, buyers are consistently incentivised to pay invoices early or on time, while suppliers gain better predictability of incoming payments. Oteero allows clients to build incentivisation strategies and run campaigns to meet their cash flow targets.

Dynamic discounting is a financial arrangement that encourages buyers to pay invoices early by offering them larger discounts for earlier payments. The discount rate is determined using a sliding scale, which sets the discount percentage or amount for each possible payment date. The scale is typically structured so that discounts increase as the payment date gets closer to the present, which means buyers can save more by paying invoices earlier. The exact discount rate for each payment date is determined by the supplier and communicated to buyers via the invoice or an online platform. This adaptive and transparent approach to early payment discounts fosters collaboration between buyers and suppliers, improving cash flow and reducing credit risk for both parties.