Respaid

Respaid offers a modern, intelligent solution to one of the most persistent challenges for B2B companies: unpaid invoices. Traditional debt collection methods are often aggressive, damaging customer relationships and brand reputation. Respaid revolutionizes this process by leveraging Artificial Intelligence to create a respectful, effective, and automated collections system. Founded on the principle that recovering funds shouldn't come at the cost of your company's integrity, the platform ensures that every interaction with debtors is professional and considerate.

The core of Respaid's technology is an AI engine that personalizes communication strategies for each debtor. It analyzes data to determine the optimal time, channel (email, SMS, AI-powered voicemail), and message to maximize the chances of payment. This data-driven approach is combined with the formal authority of bailiffs, adding a layer of seriousness that encourages prompt payment without resorting to threats. This unique blend of technology and legal authority delivers industry-leading results while maintaining a positive brand image for its clients.

How to use Respaid

Getting started with Respaid is a streamlined process designed for busy professionals. First, you integrate your accounting system with the Respaid platform. With over 6,000 integrations (including Zapier, SAP, Sage, and Salesforce) and a robust API, connecting your data is simple. Once connected, you submit the unpaid invoices you wish to collect. Respaid's system then takes over, first cleaning and enriching your contact data using AI to find the most current and relevant decision-makers. The AI then initiates a customized, multi-channel communication sequence. You can monitor the entire process through a dedicated dashboard, which provides real-time insights and analytics on collection activities. Importantly, debtors pay you directly, which maintains trust and simplifies reconciliation, ensuring your cash flow is directly improved.

Core Features of Respaid

• AI-Powered Communication: Utilizes AI to craft and send personalized, respectful messages through the most effective channels at the optimal times.
• AI Contact Finder: When contact information is outdated, the AI actively searches proprietary sources to find new or updated contact details for decision-makers, ensuring messages are delivered.
• Bailiff Authority: Partners with reputable bailiff firms to lend legal authority to the collection process, significantly increasing response and payment rates.
• Brand Reputation Protection: The entire process is designed to be respectful and non-aggressive, preserving your valuable customer relationships and brand integrity.
• Direct Payment Model: Debtors pay your company directly, not a third-party agency. This builds trust, increases conversion, and simplifies your accounting.
• Extensive Integrations: Offers over 6,000 integrations with major accounting, ERP, and CRM software, plus a full API for custom connections.
• Data Cleaning & Enrichment: Automatically cleans your existing data to ensure high deliverability and enriches it with new information.
• Analytics Dashboard: Provides clear insights into the collection process, debtor activity, and recovery performance.

Use Cases for Respaid

Respaid is ideal for any B2B company struggling with accounts receivable management. Small and medium-sized businesses (SMBs) that lack a dedicated collections department can use Respaid to automate the entire process, saving time and resources. Larger enterprises can integrate Respaid into their existing financial stack to handle high volumes of receivables efficiently and reduce write-offs. Companies in industries with long payment cycles, such as professional services, SaaS, and wholesale distribution, can leverage Respaid to improve cash flow and reduce the average days sales outstanding (DSO). Essentially, any business that wants to recover unpaid invoices without alienating customers or damaging its reputation will find Respaid to be an invaluable partner.

Advantages of Respaid

The primary advantage of Respaid is its unique combination of effectiveness and respect. Unlike traditional agencies, it achieves high recovery rates without damaging client-customer relationships. The AI-driven personalization makes communication more effective than generic reminders. The transparent pricing model eliminates the hidden fees common in the collections industry. Furthermore, the direct payment system enhances trust and simplifies financial management. By automating a tedious and often uncomfortable process, Respaid frees up valuable time for businesses to focus on growth and core operations.

Pricing and Plans

Respaid offers transparent, tiered pricing to suit businesses of different sizes. All plans are billed annually and include a 15-day trial period.

• Standard Plan: Priced at $1,859/month. This plan is suitable for businesses with up to 50 receivables per year and includes a transaction fee of +3.97% and a fixed cost of +$31.67 per recovered debt. Support response is within 2 days.
• Premium Plan: Priced at $1,913/month. Designed for businesses with up to 500 receivables per year, this plan has a lower transaction fee of +3.49% and includes many features like fixed costs, installment fees, and SMS/Voicemail channels. Support response is within 24 hours.
• Enterprise Plan: Custom pricing for large transaction volumes (500+ receivables per year). This plan offers the lowest transaction fee (+2.87%) and includes all features, such as API integration, advanced analytics, and priority support with a 2-hour response time.

Additional fees for features like the AI Contact Finder and API access may apply to lower-tier plans.