Every accountant knows the pain of chasing late invoices, the awkward calls, endless reminders, the drain on time and cash-flow. For many small and medium size enterprises (SMEs), aged debt quietly builds up until it becomes a crisis, sometimes forcing the business to write off money it will never see.
At Raimac we believe there is a better way. Our programmable payments plans gives accountancy firms and their SME clients the ability to recover outstanding invoices quickly, fairly and automatically.
Raimac turns the traditional collections model on its head, replacing heavy-handed tactics with logic-based repayment plans that build trust rather than resentment.
Instead of handing a debt over to third-party collectors, often at 50p in the pound, the firm’s client sends a simple payment link. Their debtor chooses an affordable repayment plan within parameters you define; say three months, six months or a year. Every payment is automated, fully tracked and visible via a live dashboard. The result is faster recovery, better relationships and minimal administration.
Here are some recent UK facts that underline why this solution matters:
- 62 % of UK small businesses are owed money from unpaid invoices and on average each of those firms was owed £21.4 k. QuickBooks
- 50,000 close annually due to cash-flow issues according to the UK Government’s Payment & Cash-flow Review (Nov 2023) GOV.UK Assets+1
These figures show that:
- late or unpaid invoices are not minor irritations; they are major structural issues for SMEs;
- cash-flow interruption is a key vulnerability in the SME sector;
- accountancy firms are in a unique position to offer a meaningful solution to their clients.
A solution for UK Accountancy firms
By partnering with Raimac, your practice can both help clients and derive commercial benefit.
- White-label opportunity: Your firm offers Raimac’s platform under your brand to your SME clients.
- Revenue share model: You earn a portion of each transaction fee processed through the platform when your clients use it.
- Client loyalty and differentiation: By helping clients recover cash fast and manage receivables better you become more than an accountant, you become a cash-flow partner.
- Time & cost savings: The automation means less manual chasing, fewer phone calls, less administrative overhead for your clients and for you.
- Brand protection: Unlike aggressive collections, this method preserves the client’s client relationship and reputation.
Example illustration
Imagine your firm supports 50 SME clients. If each client had just a few late invoices per month processed through the Raimac platform:
- Reduced write-offs and freed-up cash means your clients are financially healthier and more satisfied.
- You capture a small recurring revenue stream from each processed payment, creating a new profit centre for your firm.
- Administrative resources saved by your clients (and indirectly you) can be redirected towards growth rather than crisis management.
Against the backdrop of average SMEs being owed tens of thousands and cash-flow challenges causing thousands of business closures, this offering becomes a sharp competitive advantage. In a time when small businesses are watching every penny and accountancy firms are increasingly looking for ways to add value, Raimac’s programmable payment plans offer both practical impact and commercial upside.
If you would like to explore how your practice can partner with Raimac, offer a branded platform to your clients and start capturing fee income while helping SMEs recover money fast, get in touch for a demo or partnership discussion.
