In October 2022, Aston AI (then ASTON iTF) launched its payment platform, which is integrated with the Aston AI Cash Collection software and connected to Stripe. The goal: to allow your customers to pay an invoice online, in just a few clicks, directly from a payment reminder.
How the Stripe Integration Changes Your Payment Processing
When an invoice is due, the reminder sent by Aston AI includes a secure payment link. Your customer clicks on the link, pays by credit card or direct debit, and the transaction is processed through Stripe. They can also pay through their customer portal, where they can find all their invoices.
- Immediate payment: No need to look up bank account information or set up a wire transfer. The customer pays as soon as they read the reminder, via email or text message.
- Automatic tracking: Each payment is linked to the correct customer and invoice, then updated in your ledger. This helps you avoid having to re-enter data and sending payment reminders by mistake to a customer who has already paid.
- Greater cash flow visibility: Incoming payments are tracked in real time, and your cash flow forecast stays up to date.
- A seamless experience for the customer: the checkout page works just as well on a computer as it does on a mobile device.
How It Works, Step by Step
- The invoice is sent and tracked in Aston AI Cash Collection.
- When the due date arrives, the reminder system sends an email or text message with a payment link.
- The customer pays online via Stripe or through their customer portal.
- The payment is automatically reconciled with the invoice: the reminder stops automatically.
For which companies?
The payment platform is designed for small and medium-sized businesses, mid-sized companies, and corporate groups that issue a large number of invoices, particularly for small amounts. These businesses save the most time when customers can pay immediately. Stripe isn’t the only option: the platform also works with GoCardless and other payment gateways.
Key Takeaways
The fewer steps involved in the payment process, the faster the customer pays. By adding a Stripe payment link to your payment reminders, you can reduce your payment processing time and the time spent reconciling payments. To learn more, explore the Aston AI payment platform and our best practices for customer payment reminders.
