Get paid without chasing.
PencilPay connects DEAR Inventory to online credit applications and bills your customers automatically. Quit chasing payments and gain more time in your business —no code required.
PencilPay is built for Wholesalers and manufacturers. Eliminate manual processing of credit applications and reduce your average debtor days by up to 50% in 90 days.
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Customer Setup
Perform a credit check and approve to create the account inside of your accounting and inventory software for an immediate first order.
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Get Paid Without Chasing
Require wholesale customers to enter payment details as part of their application and they’ll get billed automatically when the invoice is due.
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1-Click Reconciliation
When you receive a batch of payments each day, you can reconcile everything in a single click with our grouped disbursement.
A Must For Any Business Offering Payment Terms
Accounts receivable automation for wholesale inventory-based businesses.
How it Works
It takes only 5-mins to configure your trading terms and credit limits. Then, design your branded forms before integrating them with your website and systems. From there, it’s as easy as 1-2-3.
Wholesale customers submit their credit application and billing details in 60-seconds. Or you can send them a pre-filled form directly from PencilPay.
PencilPay checks, validates and pushes the company and billing info into DEAR Systems Inventory in real time.
Once invoices become due, PencilPay bills your customer’s stored payment method and reconciles the transaction in DEAR Systems and your connected accounting system.
Waypoint customers get 60 Days on Pencil FREE!
Robust, Industry-Leading Credit Features
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Branded
Pencil is a white labelled credit application portal that carries your brand and integrates into your website.
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Customer Experience
Trade customers simply click apply now, enter their ABN and hit “GO”. This kicks-off a 90-second onboarding process that speeds up the time to first order.
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Credit Management
When applications are complete, perform a quick credit or cash flow check before you approve or reject. You should know who to give credit to, how much and for how long?
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Operational Efficiencies
Once you approve a new account, payment details are tokenised and customer records auto-populate into your inventory and your accounting software, eliminating double data-entry.
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Account Efficiencies
Multi-invoice payment plans, credit monitoring and partial payments are coupled with our industry leading clearing account and reconciliation feature.
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Pencil Business Score
Know who to give trade credit to, how much and for how long with the Pencil Score; predictive trade credit score that displays the likeliness of a customer paying you on time.
And Strong, Industry-Standard Integrations
Book a Call With Waypoint Now
We’ve learned a lot from working with inventory-based businesses over the years. And we know how to successfully integrate solutions like PencilPay into your inventory and accounting systems. Our goal is to help you develop smarter inventory processes driven by the right technology.