For Your Customers

TermSync’s platform provides value to both vendors and their customers. Our independent third party approach is the reason for our success. Our clients and their customers always know they will be treated fairly and neither side can take advantage of the other. Below are some examples of the benefits TermSync provides Payers (customers of our direct clients):

Managed Credit Terms

Protecting the payer is our number one goal. We highly recommend never signing an ACH authorization that is managed directly by your vendor. Using a third party, such as TermSync, ensures you retain control. Below are a few examples of how payers within TermSync retain the control they require:

Your vendor NEVER has access or authorization to your account.
Because vendors have no authorization, you ALWAYS retain the ability to delay or dispute a payment if needed without having to ask the vendor for permission.
No disruption to your payables process. If you want to pay with a paper check, you still can. TermSync has absolutely no effect on your process unless you haven’t paid within the agreed upon terms. You can then always dispute or delay further if needed.
Visibility into upcoming payments.
Streamlined communication between you and your vendors.
Compare our solution to other direct authorization programs offered by your vendors

Automated Notifications

TermSync bundles notifications from vendors so you will never be overwhelmed with account statements, collection calls, threatening letters, etc. There are many advantages our Automated Notifications solution provides to you, the payer. Below are a few examples of these benefits:

Ability to schedule a free electronic payment directly from the reminder email. You can pay one or many invoices at once and can also sign up for an automated payments system if you so choose.
Bundled notifications. You receive one weekly summary which lists all invoices due within the next 10 days or past due from all vendors within the TermSync network. This cuts down on the number of collection calls and other payment inquires from vendors.
TermSync includes an easy way to file an invoice dispute with a vendor in the TermSync network. This centralized approach makes it easy to use the same process for several vendors.
Send vendors messages through our platform. TermSync maintains an ongoing audit trail of such messages so both sides save time until the matter is resolved.
You can also view and apply outstanding credits to an invoice if applicable.
Improve your credit worthiness. TermSync reports payment history to credit agencies which builds your credit score for new vendors. TermSync also makes it easy for vendors in our network to be trade references for you.

Use With Your Own Receivables

Many of our receivable clients come to us first as payers. Their vendors approach them about using the service to manage payment terms. They agree that if they ever are going to break terms, they should at least take 30 seconds to provide a reason why. They then see the value of this and ask the same of their own customers. Here are just a few of the benefits you will receive with TermSync's receivable services:

Get Paid Faster
Eliminate Collection Calls
Reduce bad debts
Improve Visibility
Enhance credit policy
Optimize cash flow management

Users of TermSync who originate as a Payer and then add our Receivable services receive an attractive discount. Contact us to learn more.

"We were introduced to TermSync from one of our vendors during their client acceptance process. TermSync's approach, including our ability to delay or dispute an invoice if needed, allowed us to quickly gain the comfort we required. Seeing first hand how TermSync works from a payer perspective has led us to implement the process with our own receivables."

Brent Wegner, Controller
Shoutlet Inc.