Good relationships are good for business.

Parakeet makes it simple to automate bill payments and introduce early payment discounts into your bills and invoices to build stronger businesses and relationships.

It's the easiest way to get your invoices paid first and reduce your payment & reconciliation workload.

Start your 30 days free trial now.

Parakeet

You are competing for attention

How to get your invoices paid FIRST.

If you are tired of chasing down invoices, short-payments or borrowing to stay afloat, it's time to try something different.

Send real-time early payment discounts (Returns) and your customers will be wanting to to pay your invoice early.   

 

The earlier they pay, the bigger the savings.   

 

For you, this is less chasing, faster conversion of sales into cash and potential to win more customers, without costing you any extra margin.

It's a simple idea but hard to administer and implement, until now. 

Everyone wins, especially finance and accounts team.

 

See how our Xero integration can implement this for you in minutes,  without any admin overheads.  

Reduce up to 90% of your administration burden

We auto reconcile your BPAY Receivables

Are you spending hours matching incoming BPAY payments to Xero invoices?  

If you are and want to look for a better way,  our automated workflow can help.

See how our simple BPAY Receivables Reconciliation simplifies your work and give you time back. 

Looking for help reconciling all your receivables, not just BPAY?   Contact us here. 

See the solution

Take a tour of Parakeet

We automate early payment by brokering returns. 

Let your invoices standout from the crowd, only with Parakeet

1. What is a return?

It's a reduced price on your invoice offered to customers as an easy nudge to get paid early or on-time.

Once you and your customer approve the offer, they get a reduced bill and you receive early payment. Everyone wins! Best yet, customers don’t need to be Parakeet users to approve, giving you more cash flow opportunities.

2. How does it work?

Set the maximum return you are willing to offer and we'll take care of the rest.

Based on the maximum set, we'll offer returns to customers on your behalf. Not sure what percentage to set? Try our returns calculator. You'll receive a personalised recommendation for your business needs.

3. Why offer returns?

Took out a loan? Using credit cards? You're not alone, but while invoices remain unpaid, debt doesn't wait.

Offering a return reduces your admin time chasing payments allowing you to pay down your debts sooner rather than later. It’s a win-win that offsets the cost of the return offered.

 

How might returns boost your business?

Try our calculator

%2B_edited.png
-_edited.png

The information which you calculate from this calculator is intended for use by you as a guide only. This simulation, resulting calculations, figures and formulae used within this calculator may change at any time without notice. Parakeet accepts no responsibility for any losses arising from any use of or reliance upon any calculations or conclusions reached using the calculator. This calculation does not take into account fees which may apply to the services provided by Parakeet.

%2B_edited.png
-_edited.png

The information which you calculate from this calculator is intended for use by you as a guide only. This simulation, resulting calculations, figures and formulae used within this calculator may change at any time without notice. Parakeet accepts no responsibility for any losses arising from any use of or reliance upon any calculations or conclusions reached using the calculator. This calculation does not take into account fees which may apply to the services provided by Parakeet.

parakeet-security-image.png

Built for scale and security.

Recognition and awards

Parakeet has been recognised by the Department of Industry, Science, Energy & Resources and awarded the Accelerating Commericialisation Grant by the Entrepreneur's Programme.

PCI-DSS Compliant

Security protocols across our platform, applications and API integrations have been fully audited and certified with this globally recognised standards.

Xero & Parakeet: Automate your Bills & add Early Payment Discounts to Invoices

Xero

Xero and Parakeet have partnered to automate 100% of your bill payments and add real-time early payment discounting capability into your invoices and bills.

Experience the freedom of having bills automatically paid and the joy of customers paying your invoices early.  

Learn more about our integration.

Esker & Parakeet: Mediate and broker new financial opportunities.

Esker

Esker is a worldwide leader in AI-driven process automation software, helping financial and customer service departments digitally transform their procure-to-pay (P2P) and order-to-cash (O2C) cycles. View our case study to learn more about our collaboration with Esker.

Read our Partner Journey.

Spineka & Parakeet: Navigating digital business AdVentures

Spineka

Spineka is a technology business operating proprietary SaaS-based platforms for e-commerce and retail supply chain management through to strategic apps and marketplace solutions. 

 

View our case study to learn more about our collaboration with Spineka.

Read our Partner Journey.

"

Working with Parakeet has seen Spineka's innovation levels increase with the opportunities provided by both parties. Solid partnerships within the IT world require a lot of trust, built around results and relationships, something we have with Parakeet on all levels.

Mark Robertson, Managing Director, Spineka

Parakeet

Correcting the payment cycle.

Overdue Payments

Did you know that for more than 40% of businesses, the shortest credit to cash turnaround on their invoices is over three weeks past the due date? Businesses, in turn, postpone their own payments to suppliers or take specific actions to correct cashflow. 

Failed Payments

Half of all businesses see more than 7% of their payments fail, with B2B business spending an average of 16-20% of the payment value to recover it. Let's put that into perspective. If your business has a $10m in annual revenue, you could be spending over $100k to recover payments!

Rethink Your Payment Strategy

These startling statistics were found by Atradius and Forrester Consulting. Read the full reports or our insights into these challenges.

Atradius Payment Practices PDF
Forrester Consulting PDF

Trusted by businesses.

talisman.png

Easy API integration

We connected with Parakeet within a matter of hours and were ready for business in no time. Parakeet is a great team to work with, always responsive, friendly and helpful. I would highly recommend Parakeet to any business.

jacks.png

Reduced admin hours

We have been using Parakeet and they are brilliant. We used to spend more than 8 hours a week just to organise and arrange our payment. With Parakeet we can see and schedule our invoices with a few clicks and ensure that we are meeting the payment deadline. Now we only spend an average of one hour a week, saving us 364 hours for the year.

goldingcraft.png

Helpful and friendly team

Parakeet have been super helpful and easy to work with when setting up my account. The whole process was painless, fast and efficient with any queries promptly attended to.