Receivables Overview 

The Receivable API endpoint is a robust and versatile service that enables businesses to manage their receivables efficiently. This endpoint not only provides a streamlined platform for receivables management and enhanced visibility of receivables, but it also supports a wide range of payment methods, including Card payments, E-Checks, and more. Integrated with the SMART-Collect and SMART Exchange products, the Receivable API brings a user-friendly and flexible interface that simplifies receivable flow. By integrating with the Receivable API, businesses can streamline their receivables management process, automate reconciliation tasks, enhance receivable visibility in the SMART Exchange, and facilitate easier and faster collection of payments.

Key Features 

Multiple Payment Methods 

The Receivable API supports a variety of payment methods such as Card payments, E-Checks, and others, providing businesses and their customers with flexibility in choosing the payment method that suits their preferences or needs. 

Integration with SMART-Collect:

The API is integrated with the SMART-Collect product, a versatile solution that automates receivables collection and simplifies reconciliation. This allows businesses to streamline their collection processes, reduce manual tasks, and improve efficiency. 

Integration with SMART Exchange: 

The API is integrated with the SMART Exchange Platform.  The API enables financing companies to provide real time updates on their receivables so that their clients on the SMART Exchange platform can view upcoming outbound payments to repay their Line of Credit.  It also enables SMART Exchange businesses to request making early payments (Early Pay) on upcoming Line of Credit repayments.

Comprehensive Management of Receivables

This endpoint allows businesses to create, retrieve, update, and manage their receivables data effectively. It includes information about the customer, the amount owed, due dates, and payment terms. 

Real-time Visibility

The Receivable API provides real-time visibility into the status of receivables. This helps businesses to make informed decisions, forecast cash flow accurately, and manage their finances effectively.