How Does Stagepay Get You Paid Faster?

How Does Stagepay Get You Paid Faster?

How Does Stagepay Get You Paid Faster?

How Does Stagepay Get You Paid Faster?

Stagepay streamlines your invoicing process by integrating powerful features like stages, reminders, late fees, and early payment discounts all designed to improve your cash flow and reduce the risk of non-payment.

Stagepay streamlines your invoicing process by integrating powerful features like stages, reminders, late fees, and early payment discounts all designed to improve your cash flow and reduce the risk of non-payment.

Stagepay streamlines your invoicing process by integrating powerful features like stages, reminders, late fees, and early payment discounts all designed to improve your cash flow and reduce the risk of non-payment.

The Stagepay Process

Integrated Steps and Features

The Stagepay Process

Integrated Steps and Features

The Stagepay Process

Integrated Steps and Features

The Stagepay Process

Integrated Steps and Features

Step 1:

Step 1:

Step 1:

Step 1:

Seamless Integration with Your Invoicing Workflow

Seamless Integration with Your Invoicing Workflow

Seamless Integration with Your Invoicing Workflow

Seamless Integration with Your Invoicing Workflow

Features Used: Integration with Xero and Third-Party Apps, Direct Invoice Creation in Stagepay, Automations.

Features Used: Integration with Xero and Third-Party Apps, Direct Invoice Creation in Stagepay, Automations.

Features Used: Integration with Xero and Third-Party Apps, Direct Invoice Creation in Stagepay, Automations.

For All Customer Types

For All Customer Types

For All Customer Types

Option 1

Create an Invoice Directly in Stagepay

Start fresh by creating an invoice in Stagepay's intuitive platform.

Option 2

Start with a Xero Draft

Using Xero, you can either create a quote that converts to a draft invoice upon approval or directly create a draft invoice, both of which are automatically imported into Stagepay.

Option 3

Option 3

Using Third-Party Quoting Apps

If you use a third-party quoting app that pushes approved quotes to Xero as draft invoices, Stagepay seamlessly imports these drafts, ensuring a smooth invoicing workflow.

Automations for a Hands-Off Experience

Automations for a Hands-Off Experience

Automations for a Hands-Off Experience

Upon importing the draft invoice from Xero or creating it directly in Stagepay, your predefined automations are triggered.

Upon importing the draft invoice from Xero or creating it directly in Stagepay, your predefined automations are triggered.

Upon importing the draft invoice from Xero or creating it directly in Stagepay, your predefined automations are triggered.

Example

Example

Example

New Customer (Cash Sale Customer)

New Customer (Cash Sale Customer)

New Customer (Cash Sale Customer)

A freelance photographer creates a quote in Xero, which converts to a draft invoice upon client approval, and Stagepay then imports and sends it to the client with the first payment stage (deposit) due today.

A freelance photographer creates a quote in Xero, which converts to a draft invoice upon client approval, and Stagepay then imports and sends it to the client with the first payment stage (deposit) due today.

A freelance photographer creates a quote in Xero, which converts to a draft invoice upon client approval, and Stagepay then imports and sends it to the client with the first payment stage (deposit) due today.

Step 2:

Step 2:

Step 2:

Step 2:

Secure Upfront Deposits with Stages

Secure Upfront Deposits with Stages

Secure Upfront Deposits with Stages

Secure Upfront Deposits with Stages

Features Used: Stages

Features Used: Stages

Features Used: Stages

Ideal for: New Customers, Cash Sale Customers

Ideal for: New Customers, Cash Sale Customers

Ideal for: New Customers, Cash Sale Customers

How it works

Flexible Payment Stages

Break down invoices into customizable stages that fit your business needs, whether it's a deposit, progress payment, or balance.

Stage 1

Send the first stage as a percentage of the total or a fixed amount, based on your preference. Set the due date to align with your initial payment requirements.

Invoice Paused

Once the first stage is paid, the invoice enters a "Paused" state until you’re ready to trigger the next payment stage.

Subsequent Stages

Unpause the invoice and send the next stage when it’s time—whether for a progress payment, final balance, or any additional stages in your customized billing process.

Benefits


Benefits


Benefits


Improve Cash Flow

Receive funds upfront to cover initial costs.

Receive funds upfront to cover initial costs.

Receive funds upfront to cover initial costs.

Reduce Risk

Minimize the chance of non-payment upon project completion.

Minimize the chance of non-payment upon project completion.

Minimize the chance of non-payment upon project completion.

Flexibility

Align payment requests with project milestones.

Align payment requests with project milestones.

Align payment requests with project milestones.

Example

Example

Example

Web Design Firm with a New Client

Web Design Firm with a New Client

Web Design Firm with a New Client

Project Total

Project Total

Project Total

$5,000

$5,000

$5,000

Stage 1 (Pay Half Now)

Stage 1 (Pay Half Now)

Stage 1 (Pay Half Now)

$2,500 deposit due today.

$2,500 deposit due today.

$2,500 deposit due today.

Payment Received and Invoice Paused

Payment Received and Invoice Paused

Payment Received and Invoice Paused

Payment is received and work begins on the website.

Payment is received and work begins on the website.

Payment is received and work begins on the website.

Stage 2 (Pay Balance Prior to Handover)

Stage 2 (Pay Balance Prior to Handover)

Stage 2 (Pay Balance Prior to Handover)

$2,500 balance due before handing over the final website and domain.

$2,500 balance due before handing over the final website and domain.

$2,500 balance due before handing over the final website and domain.

Outcome

Outcome

Outcome

The firm secures funds to start the project and reduces the risk of non-payment.

The firm secures funds to start the project and reduces the risk of non-payment.

The firm secures funds to start the project and reduces the risk of non-payment.

Step 3:

Step 3:

Step 3:

Step 3:

Encourage Quick Payments with Early Payment Options

Encourage Quick Payments with Early Payment Options

Encourage Quick Payments with Early Payment Options

Encourage Quick Payments with Early Payment Options

Features Used: Early Payment Options

Features Used: Early Payment Options

Features Used: Early Payment Options

Ideal for: Established Accounts, Account Holders with Trading Terms

Ideal for: Established Accounts, Account Holders with Trading Terms

Ideal for: Established Accounts, Account Holders with Trading Terms

How it works

Customizable Discounts

Offer percentage or fixed amount discounts for early payments.

Short Eligibility Periods

Typically 3-5 days to encourage prompt action.

Flexible Payment Options

Choose to pay in full today for a higher discount or pay half today for a smaller discount on the total amount.

Benefits


Benefits


Benefits


Improve Cash Flow

Accelerate receipt of funds from clients who usually pay on longer terms.

Accelerate receipt of funds from clients who usually pay on longer terms.

Accelerate receipt of funds from clients who usually pay on longer terms.

Reduce Financing Costs

Avoid reliance on expensive overdraft facilities or invoice factoring.

Avoid reliance on expensive overdraft facilities or invoice factoring.

Avoid reliance on expensive overdraft facilities or invoice factoring.

Enhance Client Relationships

Strengthen partnerships by turning financing costs into savings for your customers, allowing both you and your clients to benefit financially from early payments.

Strengthen partnerships by turning financing costs into savings for your customers, allowing both you and your clients to benefit financially from early payments.

Strengthen partnerships by turning financing costs into savings for your customers, allowing both you and your clients to benefit financially from early payments.

Example

Example

Example

Equipment Supplier with Established Account Holder

Equipment Supplier with Established Account Holder

Equipment Supplier with Established Account Holder

Standard Terms

Standard Terms

Standard Terms

Net 60 days

Net 60 days

Net 60 days

Option 1 (Pay in Full Today)

Option 1 (Pay in Full Today)

Option 1 (Pay in Full Today)

10% discount if paid within 5 days.

10% discount if paid within 5 days.

10% discount if paid within 5 days.

Option 2 (Pay Half Today)

Option 2 (Pay Half Today)

Option 2 (Pay Half Today)

5% discount on the total amount if half is paid within 5 days.

5% discount on the total amount if half is paid within 5 days.

5% discount on the total amount if half is paid within 5 days.

Outcome

Outcome

Outcome

The client opts to pay early to take advantage of the savings, improving the supplier's cash flow and benefiting both parties financially by avoiding financing costs.

The client opts to pay early to take advantage of the savings, improving the supplier's cash flow and benefiting both parties financially by avoiding financing costs.

The client opts to pay early to take advantage of the savings, improving the supplier's cash flow and benefiting both parties financially by avoiding financing costs.

Step 4:

Step 4:

Step 4:

Step 4:

Enforce Payment Terms with Late Fees

Enforce Payment Terms with Late Fees

Enforce Payment Terms with Late Fees

Enforce Payment Terms with Late Fees

Features Used: Late Fees

Features Used: Late Fees

Features Used: Late Fees

Ideal for: Account Holders with Trading Terms, Established Accounts

Ideal for: Account Holders with Trading Terms, Established Accounts

Ideal for: Account Holders with Trading Terms, Established Accounts

How it works

Customizable Late Fees

Set up flat fees, percentage charges, or interest rates based on your terms.

Minimum Invoice Value

Define a threshold below which late fees are not applied to avoid unnecessary charges on small invoices.

Automatic Application & Escalating Notices

Late fees are automatically added to overdue invoices after a grace period, with the option to set up to two escalating late fees. Automated reminders escalate as the due date approaches, and once a late fee is applied, a notice is sent to inform the client and encourage prompt payment before the next fee is applied.

Benefits


Benefits


Benefits

Encourage Timely Payments

Clients are motivated to pay on time to avoid additional charges.

Clients are motivated to pay on time to avoid additional charges.

Clients are motivated to pay on time to avoid additional charges.

Improve Cash Flow

Reduce delays in receiving payments.

Reduce delays in receiving payments.

Reduce delays in receiving payments.

Fairness

Customizable settings ensure fees are appropriate for different invoice amounts.

Customizable settings ensure fees are appropriate for different invoice amounts.

Customizable settings ensure fees are appropriate for different invoice amounts.

Example

Example

Example

Wholesale Distributor with Trading Accounts

Wholesale Distributor with Trading Accounts

Wholesale Distributor with Trading Accounts

Standard Terms

Standard Terms

Standard Terms

Net 30 days.

Net 30 days.

Net 30 days.

Late Fee Policy

Late Fee Policy

Late Fee Policy

Grace Period: 5 days after due date.

Grace Period: 5 days after due date.

Late Fee Structure: A flat fee of $50 is applied if payment is not received within the grace period, followed by an additional $100 fee if still unpaid 15 days later.

Late Fee Structure: A flat fee of $50 is applied if payment is not received within the grace period, followed by an additional $100 fee if still unpaid 15 days later.

Minimum Invoice Value: Late fees apply only to invoices over $1,000.

Minimum Invoice Value: Late fees apply only to invoices over $1,000.

Outcome

Outcome

Outcome

Clients adhere more strictly to payment terms to avoid fees, enhancing the distributor's cash flow.

Clients adhere more strictly to payment terms to avoid fees, enhancing the distributor's cash flow.

Clients adhere more strictly to payment terms to avoid fees, enhancing the distributor's cash flow.

Step 5:

Step 5:

Automate Your Invoicing Process

Automate Your Invoicing Process

Features Used: Automations, Stages, Reminders, Late Fees, Early Payment Discounts

Ideal for: All Customer Types

How it works

Automated Workflows Tailored to Your Needs

Set up any combination of automated processes to streamline your invoicing

Stages

Automatically send staged payments to break large invoices into manageable parts.

Reminders for Due Payments

Schedule reminders to go out as the due date approaches or if a payment is overdue.

Late Fees & Escalating Notices

Apply late fees automatically after the grace period, with escalating reminders before additional fees are applied.

Early Payment Options

Offer automated early payment discounts to encourage clients to pay ahead of schedule.

Benefits


Prompt Payments & Improved Cash Flow

Accelerate receipt of funds from clients who usually pay on longer terms.

Reduce Financing Costs

Avoid reliance on expensive overdraft facilities or invoice factoring.

Enhance Client Relationships

Strengthen partnerships by turning financing costs into savings for your customers, allowing both you and your clients to benefit financially from early payments.

Example

Equipment Supplier with Established Account Holder

Standard Terms

Net 60 days

Option 1 (Pay in Full Today)

10% discount if paid within 5 days.

Option 2 (Pay Half Today)

5% discount on the total amount if half is paid within 5 days.

Outcome

The client opts to pay early to take advantage of the savings, improving the supplier's cash flow and benefiting both parties financially by avoiding financing costs.

Step 5:

Step 5:

Step 5:

Automate Your Invoicing Process

Automate Your Invoicing Process

Automate Your Invoicing Process

Features Used: Automations, Stages, Reminders, Late Fees, Early Payment Discounts

Features Used: Automations, Stages, Reminders, Late Fees, Early Payment Discounts

Features Used: Automations, Stages, Reminders, Late Fees, Early Payment Discounts

Ideal for: All Customer Types

Ideal for: All Customer Types

Ideal for: All Customer Types

How it works

Automated Workflows Tailored to Your Needs

Set up any combination of automated processes to streamline your invoicing

Stages

Automatically send staged payments to break large invoices into manageable parts.

Reminders for Due Payments

Schedule reminders to go out as the due date approaches or if a payment is overdue.

Late Fees & Escalating Notices

Apply late fees automatically after the grace period, with escalating reminders before additional fees are applied.

Early Payment Options

Offer automated early payment options to encourage clients to pay ahead of schedule.

Benefits


Benefits


Benefits


Prompt Payments & Improved Cash Flow

Accelerate receipt of funds from clients who usually pay on longer terms.

Accelerate receipt of funds from clients who usually pay on longer terms.

Accelerate receipt of funds from clients who usually pay on longer terms.

Consistency Across Client Interactions

Customize communication based on client behaviour reminders, fee notices, or discounts.

Customize communication based on client behaviour reminders, fee notices, or discounts.

Customize communication based on client behaviour reminders, fee notices, or discounts.

Time Saved & Reduced Manual Work

Focus on growing your business while automations manage your invoices and follow-ups.

Focus on growing your business while automations manage your invoices and follow-ups.

Focus on growing your business while automations manage your invoices and follow-ups.

Example

Example

Example

Event Planner with Cash Sale Customer

Event Planner with Cash Sale Customer

Event Planner with Cash Sale Customer

Stage 1 (Deposit) Invoice Sent

Stage 1 (Deposit) Invoice Sent

Stage 1 (Deposit) Invoice Sent

A 50% deposit is due today.

A 50% deposit is due today.

A 50% deposit is due today.

Reminder Schedule for Stage 1

Reminder Schedule for Stage 1

Reminder Schedule for Stage 1

Next Day Morning: An email reminder is sent automatically if the payment is not received.

Next Day Morning: An email reminder is sent automatically if the payment is not received.

Next Day Morning: An email reminder is sent automatically if the payment is not received.

3 Days Later: A follow-up email is sent to prompt the client to make the payment.

3 Days Later: A follow-up email is sent to prompt the client to make the payment.

3 Days Later: A follow-up email is sent to prompt the client to make the payment.

Stage 2 (Balance) Invoice Sent

Stage 2 (Balance) Invoice Sent

Stage 2 (Balance) Invoice Sent

The remaining 50% balance is set up with early payment options and late fee terms.

The remaining 50% balance is set up with early payment options and late fee terms.

The remaining 50% balance is set up with early payment options and late fee terms.

Early Payment Option: A discount is provided if the balance is paid within 3 days of the due date.

Late Fees (if applicable): If the balance remains unpaid after the grace period, a late fee is automatically applied, and a notification is sent to the client.

Minimum Invoice Value: Late fees apply only to invoices over $1,000.

Outcome

Outcome

Outcome

The event planner encourages prompt payment of the deposit through reminders and motivates early payment of the balance with discounts, while late fees ensure compliance with payment terms if necessary.

The event planner encourages prompt payment of the deposit through reminders and motivates early payment of the balance with discounts, while late fees ensure compliance with payment terms if necessary.

The event planner encourages prompt payment of the deposit through reminders and motivates early payment of the balance with discounts, while late fees ensure compliance with payment terms if necessary.

Step 6:

Step 6:

Step 6:

Step 6:

Gain Insights with the Dashboard

Gain Insights with the Dashboard

Gain Insights with the Dashboard

Gain Insights with the Dashboard

Features Used: Dashboard, Real-Time Analytics

Features Used: Dashboard, Real-Time Analytics

Features Used: Dashboard, Real-Time Analytics

Ideal for: Business Owners, Accounts Receivable Managers

Ideal for: Business Owners, Accounts Receivable Managers

Ideal for: Business Owners, Accounts Receivable Managers

How it works

Critical Information at a Glance

Quickly view all expected payments due in the next 7 days (excluding paused stages) and recognize the status of each invoice with easy-to-read icons.

Monitor Client Engagement

See who has opened and viewed their invoices, and take immediate action by resending emails or other notifications to ensure timely payment.

Real-Time Payment Stage Management

Easily manage your payment stages from the dashboard—unpause invoices and send the next stage when ready, keeping payments on track.

Instant Access to Payment Activity

Stay informed with real-time updates on all invoice activities, helping you respond proactively to any potential issues or delays in payments.

Benefits


Benefits


Benefits


Proactive Decision-Making

Address potential issues before they impact cash flow.

Address potential issues before they impact cash flow.

Address potential issues before they impact cash flow.

Efficient Management

Save time with quick actions and at-a-glance information.

Save time with quick actions and at-a-glance information.

Save time with quick actions and at-a-glance information.

Improve Client Relationships

Ensure clients are informed and invoices are received.

Ensure clients are informed and invoices are received.

Ensure clients are informed and invoices are received.

Example

Example

Example

Accounts Receivable Manager

Accounts Receivable Manager

Accounts Receivable Manager

Expected Payments

Expected Payments

Expected Payments

Notices $15,000 expected in the next week.

Notices $15,000 expected in the next week.

Notices $15,000 expected in the next week.

Engagement Tracking

Engagement Tracking

Engagement Tracking

Identifies invoices not yet viewed and quickly resends emails or triggers notifications.

Identifies invoices not yet viewed and quickly resends emails or triggers notifications.

Identifies invoices not yet viewed and quickly resends emails or triggers notifications.

Stage Management

Stage Management

Stage Management

Unpauses and sends next stages for completed projects.

Unpauses and sends next stages for completed projects.

Unpauses and sends next stages for completed projects.

Outcome

Outcome

Outcome

Improves collection efficiency and maintains healthy cash flow by staying on top of outstanding payments and ensuring timely follow-ups.

Improves collection efficiency and maintains healthy cash flow by staying on top of outstanding payments and ensuring timely follow-ups.

Improves collection efficiency and maintains healthy cash flow by staying on top of outstanding payments and ensuring timely follow-ups.

Take Control. Get Paid Faster.

Take Control. Get Paid Faster.

Take Control. Get Paid Faster.

Take Control. Get Paid Faster.

Stop Chasing Payments

Automate reminders and apply late fees instantly, so you collect payments on time, every time no more manual follow-ups.

Stop Chasing Payments

Automate reminders and apply late fees instantly, so you collect payments on time, every time no more manual follow-ups.

Stop Chasing Payments

Automate reminders and apply late fees instantly, so you collect payments on time, every time no more manual follow-ups.

Stop Chasing Payments

Automate reminders and apply late fees instantly, so you collect payments on time, every time no more manual follow-ups.

Take Control of Your Cash Flow

Secure upfront deposits, break down large invoices into manageable stages, and ensure consistent cash flow without surprises.

Take Control of Your Cash Flow

Secure upfront deposits, break down large invoices into manageable stages, and ensure consistent cash flow without surprises.

Take Control of Your Cash Flow

Secure upfront deposits, break down large invoices into manageable stages, and ensure consistent cash flow without surprises.

Take Control of Your Cash Flow

Secure upfront deposits, break down large invoices into manageable stages, and ensure consistent cash flow without surprises.

Maximize Your Revenue

Boost your bottom line by offering early payment options and automating your entire invoicing process keeping more cash in your business.

Maximize Your Revenue

Boost your bottom line by offering early payment options and automating your entire invoicing process keeping more cash in your business.

Maximize Your Revenue

Boost your bottom line by offering early payment options and automating your entire invoicing process keeping more cash in your business.

Maximize Your Revenue

Boost your bottom line by offering early payment options and automating your entire invoicing process keeping more cash in your business.

Turbocharge Your Accounts Receivable with Stagepay.

Turbocharge Your Accounts Receivable with Stagepay.

Turbocharge Your Accounts Receivable with Stagepay.

Turbocharge Your Accounts Receivable with Stagepay.

Take Control of Your Cash Flow Automate Payments, Boost Your Revenue, and Turbocharge Your Accounts Receivable with Stagepay.

Take Control of Your Cash Flow Automate Payments, Boost Your Revenue, and Turbocharge Your Accounts Receivable with Stagepay.

Take Control of Your Cash Flow Automate Payments, Boost Your Revenue, and Turbocharge Your Accounts Receivable with Stagepay.