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SmartPay is excited to announce the addition of a discounting feature to their electronic bill presentment and payment system. The feature allows companies to add incentives to customers that pay their bills in a timely manner.

SmartPay gives businesses the ability to send large batches of invoices and statements to customers, as well as receive payments, electronically while integrating with back office accounting systems. With the addition of the discounting feature, businesses can easily offer discounting incentives like 2/10 Net 30. This means customers are awarded a 2% discount if they pay their invoice within 10 days, otherwise they must pay the full amount within 30 days.

The SmartPay system automatically tracks the date of the payment due and displays the discounted amount owed if the person making the payment logs in to make the payment within the discount time period set. If a customer logs in after the discount period set forth, the full amount owed will be displayed.

It is clear that SmartPay continues to improve and adapt the system to create a great experience for both businesses and customers that utilize SmartPay.

SmartPay is a powerful, flexible, enterprise-level online billing system designed to save your business time and money. SmartPay is a Cloud Based Electronic Bill Presentment and Payment Sass Solution suitable for medium to large businesses. It allows an increase in cash flow by sending large batches of invoices and statements electronically while increasing accuracy and customer satisfaction by allowing customers to pay online easily and securely.

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