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Pay and Collect

Fyndoo Pay & Collect takes care of the complete financial settlement of the agreements laid down in the credit agreement.

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Automate and save time

Having signed an agreement with a client, you then have to actually pay out the financing, and then collect the interest and repayments. With Pay & Collect this is effortless, as everything is completely automated. Incoming payments are automatically matched with outstanding payment obligations and immediately included in your administration via an accounting link, helping you scale up loan operations.

Our features!

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SEPA payment gateway

With native support for SEPA (Single Euro Payments Area ), Pay&Collect makes it easy to directly connect with your bank in a secure and safe manner. Both SEPA credit transfer and SEPA direct debit are supported.

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Straight through processing

Pay & Collect can handle 99% of payments automatically, significantly reducing manual interventions and the potential for errors. This straight-through processing capability means faster loan disbursements, smoother operations, and reduced processing costs, enabling your organisation to deliver a more efficient and reliable service to clients.

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Handling voluntary payments

Voluntary payments that can’t be matched by the system, become puzzle payments that can be manually matched. The system will automatically list potential matches based on the payment description, characteristic or IBAN number.

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Life management processes

Pay & Collect handles the financial execution of life management processes. These can be executed through an API, or in some cases through the user interface. Full repayments, prepayments, interest changes in the past or the future, etc., are all possible, ensuring seamless loan management with API integrations.

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Everything is a booking

All transactions and processes are handled by bookings between products and general ledgers. This means that all money is traceable from start to finish. These bookings can also be exported to an external general ledger to help automate financial reporting. 

Payment arrears and payment arrangements

Even when a customer is in payment arrears, you can leave things largely to Fyndoo Pay & Collect. If a scheduled repayment isn’t made, it automatically sends a payment reminder. You can also document payment arrangements. If the backlog becomes too big, a review process kicks in. In combination with Manage, it’s also easy to make changes, such as to the interest rates, repayment schedule, or an extra repayment, offering personalized payment options.

Highlights

Discover the many benefits our lending platform offers you with Fyndoo Pay & Collect.

Match incoming payments

Matching rules based on expected payments.

Flexibility

Disbursement method is sliced, conditional and revolving. Interest calculation method is simple and compound. Repayment method is linear, annual, external and more!

Smart Architecture

Fyndoo Pay & Collect exposes all functionalities via APIs and publishes all relevant system events.

Experience Pay & Collect for yourself?

Experience Pay & Collect from the perspective of a back office employee dealing with arrears, matching incoming payments and payment plans.

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Modules

The choice is yours. Our platform is made up of modules that can be employed individually or in combination. Ensuring we can provide the optimal support for your specific needs and challenges.

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Originate

Originate supports you in assessing and underwriting financing applications.

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Financial spreading

Fyndoo Financial Spreading takes the sweat out of spreading financial reports. 

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Administrate

Administrate ensures the structured documenting of the loan agreement, documents and collateral.

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Manage

Manage deals with the management of any lending - for example the revision, changes to or monitoring of a loan.

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Report

Report provides insights into how efficient processes are, underpinned by the monitoring of the processing time for applications, and makes reporting to regulators easy.

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More information

Want to learn more about Fyndoo? Get in touch.

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