When cash flow is bad for your customer, you either agree on a repayment plan that eases the customer’s financial burden and engenders compliance, or you lose your money. The Bectran Promise-To-Pay automation system empowers you to create a payment plan that includes binding electronic signatures, on demand and in a matter of moments.
Collections officers apply the Promise-To-Pay Plan as an invaluable tool in negotiating and recovering delinquent accounts. For financially distressed customers, the Promise-To-Pay Plan offers them the opportunity to discharge their debt obligation and at the same time maintain a credible business relationship with the supplier.
The Bectran Promise-To-Pay Plan works in conjunction with a versatile self-service payment portal to capture digital payments by ACH, Credit Card, Debit Card and EFTs. Once the initial Promise-To-Pay agreement is signed and the payment instructions are provided in the Payment Portal, the scheduled payments are automatically processed on the scheduled dates.