What isSmartCREDIT?

unique;
user friendly;
web-based;
collection management system which allows you to automatically collect funds in one or more instalments from a customer.

Why isSmartCREDIT unique?

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The system is:
Fully automated – once the transaction is loaded, it will automatically collect from the customer, pay the service provider and e-mail the reconciliations each month with no further human intervention.
Online – the system can be accessed from anywhere using Microsoft Internet Explorer.
Alternative customer payment option.

What do we mean by ‘web-based’?

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Web-based means that you can access and use the system from ANY computer connected to the Internet.
Other than Microsoft Internet Explorer, you do not require ANY other software to be installed on your computer.

What do we mean by 'automated'?

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Once you have loaded the transaction the system will (without any further input from your staff):
print the contract,
collect the money,
manage rejections,
transfer the collected amounts to your account,
e-mail you a detailed reconciliation of the amount, and
provide you with a future 'cash flow from collections' report.

Where can I use SmartCREDIT ?

Point of sale: collection for a specific purchase(s) in one or more instalments.
Monthly accounts: collection of the entire outstanding amount at the end of each month.
Outstanding accounts: collection of a specific outstanding amount in one or more instalments

What are the benefits ofSmartCREDIT?

The system will print a completed contract, legally binding the customer to settling his account.
Once you have loaded the transaction, everything else is automated.
Service providers are provided with detailed statements by email, allowing for easy reconciliation.
SmartCREDITprovides online reporting (in addition to emailing all statements).

What doesSmartCREDIT do for me ?

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SmartCREDIT
Verifies the bank account details of the customer.
Provides the service provider and customer with a proper legally binding collection agreement.
Prepares the agreement automatically from the customer database, ensuring that the details have been completed correctly from the database.
Collects the funds from the customer.
Manages collections and rejections. All amounts are reconciled to the banking reports on an ongoing basis.
Will attempt to re-collect rejected amounts without further input from the service provider.
Transfers successful collections to the service provider.
Verifies the collections – at the time of the transfer to the service provider, SmartCREDIT has verified the collection. Any rejections at this stage can therefore only occur if the customer returns the collection. This simplifies the administration of collection for the service provider.
e-Mails the statement of transactions (reconciliation) to the service provider.
Provides online reporting of all transactions. This means that you can log on to the system at any time to view the detailed history of collections.
Is web-based. This means that you can access the system anytime from anywhere (provided you have internet access).

What do I need to use SmartCREDIT ?

Internet explorer (version 6 or higher).
Access to the internet.

Why would I want to useSmartCREDIT?

SmartCREDIT increases the turnover of your business by allowing you to manage credit extended to your customers enabling them to make additional purchases.
Alternative payment options result in more frequent visits by the customer which provides more opportunities to sell products and services.
SmartCREDIT is an excellent alternative to post dated cheques as no human intervention is required to ensure that the funds reach your bank account.
SmartCREDIT allows for a higher sales value per customer, i.e. customers will be able to afford a more expensive purchase.
SmartCREDIT makes it easy to sell additional products and services. Remember that you can get the customer to pay part of the account directly and only load a portion onto SmartCREDIT.
SmartCREDIT creates recurring income and cash flow.
SmartCREDIT assists in the retention of loyal customers. By offering extended payment terms/credit, you keep the customer. Alternatively, he could buy his product from someone else who does offer credit facilities.
The system is affordable to service providers and their customers.

Why would my customer want to useSmartCREDIT

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SmartCREDIT enables your customer to:
purchase desirable or essential products and pay his account with you in a number of instalments. It makes the purchase more affordable;
pay his existing account with you in a number of instalments;
access a system that is easy to use – the money is automatically deducted from the customer's account requiring no further action to pay his accounts;
access an alternative to other credit purchases!

What does SmartCREDIT cost?

R500 per month subscription fee.
5% transaction fee paid by customer.

Frequently asked questions

Summary

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Affordability: SmartCREDIT allows your customer to buy more products from you by paying for it in a number of instalments.
Convenienience: of alternative forms of payment results in favourable payment options for both the customer and the service provider.
Easy: once you have activated the collection, the money will automatically be collected and transferred to you until the account is settled. The customer does not need to come in again.
Customer retention: customer will visit your store more often becoming a higher value customer whilst entrenching your business as his service provider of choice.

How to subscribe

Go to www.centricnetsolutions.com
Click on “Apply for a new login here” and follow the instructions.
Once we have received the signed agreement we will activate your login.

If you need further assistance please contact
Centric NetSOLUTIONS on 011 259 4600.
www.centricnetsolutions.com