As per the information detailed in the press release, the partnership between REPAY and Maxyfi is set to allow the latter’s clients to provide flexible payment methods that can meet consumers’ preferences and enhance the collection process.
REPAY – Maxyfi collaboration objectives
By integrating its services into Maxyfi, REPAY enables businesses leveraging the company’s software to simplify payment collections, while also optimising internal workflows and reconciliation via real-time data exchange. Additionally, the move intends to offer accessible and secure omnichannel payment methods, including online, text, mobile, and IVR, focusing on improving collection by enabling consumers to pay through their preferred method.
According to REPAY’s officials, the collection process can be improved by allowing consumers to make payments through their favoured method and channel of payment. The collaboration with Maxyfi aims to enhance operations for collectors and modernise accounts receivable management for consumers by enabling both parties to manage transactions without going through complexity-prone processes.
As a SaaS-based automated debt collection software, Maxyfi was developed to cater to the needs of collection agencies. One of the company’s objectives is to allow collection agencies and businesses to receive insights, strategies, and intelligent tools that can assist them in recovering debts and generating more revenue. Commenting on the partnership with REPAY, representatives from Maxyfi underlined that the company is committed to enhancing its clients’ experience through its platform. By utilising REPAY’s payment knowledge and integration with its platform, Maxyfi intends to further support its clients’ collection processes by simplifying payments.
REPAY’s latest announcements
Providing integrated payment processing solutions to verticals with specific needs, REPAY’s payment technology platform focuses on minimising the complexity of electronic payments for clients, while also improving the overall experience for consumers and businesses.
In addition to its collaboration with Maxyfi, REPAY recently
announced a technology integration for Safe Intacct, which was set to facilitate businesses in leveraging the company’s AR and AP payment solutions within Sage’s product. Supplementing REPAY’s existing Sage 100, Sage X3, and Sage 300 integrations, the move intended to provide companies with a consolidated platform for their B2B payment requirements.
Prior to this development, REPAY
integrated with Lexop, a self-service software for financial organisations. By including the Lexop collections management software, the company aimed to allow its clients to collect late payments more efficiently, receive real-time payment updates, raise engagement, and minimise loan servicing costs.
