Optimize your collections & recoveries management in water, electricity, gas, or telecom companies with solutions designed specifically for the challenges of the utility sector.
Specific challenges in utility collections & recoveries
Utility companies face unique circumstances in managing collections & recoveries due to the high volume of invoices, the essential nature of the service, and strict regulations.
High volume of recurring invoices
Utility companies manage thousands or even millions of invoices each month, requiring robust systems for collections & recoveries and monitoring.
Variable default rates
Essential services experience default rates that fluctuate with economic and seasonal conditions.
Strict collection & recovery regulations
Specific rules on timing, methods, and collection & recovery communications that vary by region and service type.
Management of multiple payment methods
Need to offer and manage multiple channels and payment options to satisfy customer preferences.
Solutions
How Paymefy solves utility collection & recovery challenges
Our solutions are specifically designed to address the particular needs of utility companies and maximize efficiency throughout the collections & recoveries cycle.
