Surcharge Management with Centime
Managing surcharges in accounts receivable (AR) has never been easier. Centime’s surcharge management tools seamlessly integrate with your existing workflows, allowing you to handle surcharges at both the global and customer levels with full compliance.
Say goodbye to complex reconciliations and hello to automation that saves time and ensures accuracy.
“Our collections effectiveness has skyrocketed with Centime. Not only do we collect 92% of payments on time now, but when customers pay late, it is on average by just seven days.”
Automated Surcharge Posting
Centime automatically applies surcharges to the appropriate GL accounts, eliminating manual entry and reducing the risk of errors. Whether processing individual invoices or handling bulk payments, we ensure your books stay balanced.
Customer-Level Customization
Tailor surcharge policies to fit your customers’ needs. With Centime, you can set rules at the customer level, offering flexibility and transparency while maintaining compliance.
Seamless Reconciliation
Centime’s automation ensures that all payments, including surcharges, align with your general ledger in real time. Bank memos are enriched with customer and invoice details, simplifying reconciliation to the point of ease.
Compliant and Transparent
Navigating surcharge compliance is complex, but Centime makes it simple. Our platform automatically removes the surcharge for clients in states where it is prohibited, reducing risk while providing clarity for both you and your customers.
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Why Choose Centime for Surcharge Management?
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††3.5% Annual Percentage Yield (APY) as of 11/19/24. Deposit rate may adjust to current market rate and may change daily. Fees may reduce earnings.