Next, PaySimple demonstrated its solution to help small businesses get paid faster and increase customer engagement:
"Late payments and business growth challenges continue to plague small businesses. PaySimple has recently launched a get paid faster while you grow your business feature set. This new innovation ensures small businesses get paid faster through simple automation of early payment incentives and late payment penalties.
In addition, the innovative features promote business growth by driving social engagement as a natural extension of the payments flow. The social features help businesses grow their social following and improve their online review presence to retain active customer engagements and become a more attractive option to new potential customers."
Product Launched: April 2010
HQ Location: Denver, CO
Company Founded: January 2006
Metrics: $28.5M raised, 75 employees
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Eric Remer (CEO) and Jenae Wiegert (VP, Product)