PayPredict

PayPredict is an Australian tool designed for small businesses to mitigate credit risk and manage cash flow by predicting customer payment behavior. Launched in 2020 as a product of Evenly, which was founded in 2019, the platform aims to solve cash flow problems by providing insights into whether invoices will be paid on time.

The service integrates with Xero's accounting software, analyzing customer and invoice data to forecast payment dates and identify potential late payers. It utilizes AI-driven predictions and monitors thousands of data sources to provide users with a customer reliability score. Key features include a 30-day income forecast, 24/7 customer monitoring, risk alerts, and suggested actions for potential issues. The platform also incorporates Equifax business risk scoring at no extra cost, which provides a mid-to-long-term view of a customer's financial stability.

PayPredict operates on a Software-as-a-Service (SaaS) business model, charging a flat monthly subscription fee for a single Xero account, which includes tracking for an unlimited number of customers and access for unlimited users. This model provides a predictable revenue stream for the company. The primary clients are small business owners in Australia who use Xero. The platform also allows accountants and bookkeepers to access their clients' reports for cash flow planning at no additional charge.

Keywords: customer payment prediction, invoice payment forecasting, credit risk management, small business cash flow, Xero integration, AI-driven financial tools, customer reliability monitoring, Equifax risk scoring, accounts receivable management, SaaS, Australian fintech, debtor tracking, income prediction, business financial health