Good relationships are good for business.
Parakeet automates your AP (bill payments) and AR (invoice collection) straight from your accounting software or ERP.
For bills, save time & money by automating the payment and reconciliation of all your BPAY & EFT bills, without double handling.
For invoices, take online invoice payments easily with BYO online payments and when combined with early payment discounts, it makes getting paid early & on-time easy.
Improve your cashflow now without selling invoices, taking on extra debt or increasing your administration burden.
Start your no-risk 14 days free trial now.
Take online payments quickly - no new banking facilities required
BYO banking & BPAY.
We make it easy for you to get paid.
Add online payments to your Xero invoices using your own banking, BPAY and/or merchant facilities.
To collect via Credit Cards (merchant facilities), learn how here.
To collect via BPAY, learn how you can now add BPAY to your Xero invoices here.
Don't have a credit card or BPAY facility? No problems.
As long as you have a bank account, our in-build direct debit facility means you can still add online payments into your invoices, with customers paying you via EFT.
Getting paid late? Before you sell your invoices or take on debt, try..
Rewarding customers to pay you early.
💡 Did you know 95% of customers we surveyed said they would pay an invoice early if a discount was offered? 💡
Add real-time early payment discounts as well as online payments into your Xero invoices and encourage your customers to pay early.
You get paid early. They receive a discount (saving).
It's great for relationship, your cashflow and there are no paperwork or credit checks to get started.
We do this straight out of Xero, so no additional data-entry work is needed to add early payment discounts & online payments to your invoices.
Have existing early payment discounts in place? We can replicate and automate those and save you the hassle of reconciling short payments.
Powering Australia's business community
Timberly Williams
See the solution
Take a tour of Parakeet
Run your own early payments discount program
We automate early payment by brokering discounts.
Get your invoices paid first by offering your customers early payment discounts
1. What is a discount?
2. How does it work?
3. Why offer discounts?
It's a reduced price / discount on your invoice offered to customers as an easy nudge to get paid early or on-time.
Set the maximum discount you are willing to offer and we'll take care of the rest.
Took out a loan? Using credit cards? You're not alone, but while invoices remain unpaid, debt doesn't wait.
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.
Based on the maximum set, we'll offer discounts to customers on your behalf. Not sure what percentage to set? Try our discount calculator. You'll receive a personalised recommendation for your business needs.
Offering a discount 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 discount offered.
How might discounts boost your business?
Try our calculator
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.
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.
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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 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.
Esker & Parakeet: Mediate and broker new financial opportunities.
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.
Spineka & Parakeet: Navigating digital business AdVentures
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.
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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
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