The Right Solution for Every Organization

As users of our own software, we have continually evolved our offerings for our needs, as well as those of our partners. Using our software while running a business not only gives up intimate knowledge, but also provides us with a vantage point from which to drive development. Today, the platform includes complementary modules, tools, and support that further enhance an organization’s success from the start. Understanding our partners have different needs, we created an integrated modular structure that allows each partner to utilize all or just the functionality and support they need.

Key Areas of Expertise Are:

Process, Reporting, and Insight at All Levels and User Need​
Advanced Payment Management
Collections Management
API Suite and Custom Development
Accounting and Cashflow Management
Universal Token Support for All Apps with Our PCI-Compliant Data Vault​
Advanced Marketing Support and Fulfillment Resources
Drive Program Growth, Set KPIs, Goal Management and Tracking and Tags
Professional Services

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About Us

ExtendCredit was founded to empower businesses through creative and comprehensive billing and payment solutions that enable consumers to initially purchase products and services and continue to build a long-term relationship with companies through membership plans. As users of our own software, the platform grew over the past ten years to include first, second and third look functionality, Loyalty building membership plan capabilities and a full suite of business operations, accounting and process features such as analytics, organization structure, user roles and more. The robust system was created in a modular structure to allow businesses, of all sizes, to utilize key aspects of the software to fit their business objectives. Today, businesses need solutions that enable the purchase of their products and the tools that grow relationships and loyalty

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Universal Token Support for All Apps with Our
PCI-Compliant Data Vault

Changing your merchant processor can often cause an issue with your recurring billing and payment plan programs. If merchant processors are reluctant or unable to release tokens for your clients, your business is saddled with the burden of reaching out to clients to obtain new payment information. EC solves this problem by providing our own PCI compliant data vault. We tokenize and secure information, so if your banking relationship changes, we can easily port tokens — eliminating the problem of payment interruptions. While credit cards are the most common data we protect, the data vault can also be used to protect various other sensitive information include SSNs, credit reports, IDs, etc. This solution provides a Universal Token for your business, allowing all of your apps to access and transact against the secured data.

Advanced Payment Management

ExtendCredit’s extensive recurring billing experience and accounting-based software delivers the business know-how your company demands. The EC platform enables full recurring billing functionality. It starts with a complete accounts receivable system at the core, monthly statements with carry forward balances, billing portal for the consumer, proactive payment reminders and automated reattempts over the first 7 days.

 

The key to payment management is missed payment management. Beyond using a simple card updater service with your processor, the EC platform uses Smart Reattempt logic to do automatic reattempts at different cadences over a 7 day period, based on error type. This logic rectifies over 35% of rejected payments. The workflow is integrated with our collections management module.

Collections Management Module

ExtendCredit offers a comprehensive collection management system. The system is optimized for very high volume with the ability to orchestrate ticket assignment based on priority, type of ticket (e.g. aging, dollar range, time zone, amongst other factors) and skillset of the individual CSR. The solution can implement a waterfall methodology in which each CSR is assigned the highest priority tickets that they are qualified to manage. As they complete them, they move on to the next priority and so on. ExtendCredit provides an outsourced call center for missed payments for many of our customers, and this is the tool used by our team. In addition, larger partners use our module to manage their call center process if desired.

 

The system includes vital payment tools to help customers in need, such as postponement of  the current month’s payment, support for partial payments, online or “at merchant” payments and sophisticated reporting and tools to make it easy to track and manage.

Business System Integration
API Suite and Custom Development

Individual organizations have unique business requirements and integration needs. As a billing technology company, ExtendCredit offers a complete state-of-the-art API suite, covering all aspects of the solution. Designed for easy integrations, the suite uses RESTful APIs, provides sandbox environments with Swagger for ease-of use, and includes overview documentation covering the most common use-case examples.

 

We work with third-party data collection platforms and with your internal team to funnel information to in-house data warehouses, enabling you to mine real-time information, while putting business intelligence reports at your fingertips.

Accounting and Cashflow Management

If you’re like most large organizations, your accounting considerations are unique. ExtendCredit supports various accounting structures and provides the corresponding reporting. EC supports solutions based on cash and accrual, along with GAAP accounting for large organizations and multi-location partners. EC also supports 12-month, 13-month, and 4,4,5 accounting calendars. Our cashflow management features automated payment and settlement. This functionality meets organization-specific needs, such as settlement by location, settlement by ownership structure or region, and single-account settlement across the entire organization with independent and roll-up reporting.

Universal Token Support for All Apps with Our
PCI-Compliant Data Vault

Changing your merchant processor can often cause an issue with your recurring billing and payment plan programs. If merchant processors are reluctant or unable to release tokens for your clients, your business is saddled with the burden of reaching out to clients to obtain new payment information. EC solves this problem by providing our own PCI compliant data vault. We tokenize and secure information, so if your banking relationship changes, we can easily port tokens — eliminating the problem of payment interruptions. While credit cards are the most common data we protect, the data vault can also be used to protect various other sensitive information include SSNs, credit reports, IDs, etc. This solution provides a Universal Token for your business, allowing all of your apps to access and transact against the secured data.

Advanced Marketing Support and Fulfillment Resources

Creating the right program to back your branding initiatives is essential. Membership plan programs provide great opportunities to build a singularly branded initiative or support individual, local brands. ExtendCredit helps businesses of all sizes through our in-house graphics department, which includes a seasoned brand strategist to propel your message forward. We can help small companies without a marketing team or serve as a resource for larger organizations with marketing teams.

 

Our marketing services provide the flexibility your business needs, with options ranging from completely driving the branding and marketing effort (including branding, design and fulfillment) to serving as a resource and collaborator to support your internal marketing team. With active communication, push-pull strategies, and key marketing elements, EC is here to set the stage for your success.

Drive Program Growth, Set KPIs, Goal Management
and Tracking and Tags

Defined, consistent goals and KPIs drive business intelligence, providing the guidance, insight, and vital information necessary for short-term and long-term success. ExtendCredit’s analytics and data not only provide key information and insight, they’re also supported by data-driven processes and tools to grow your programs.

 

With EC’s enterprise flexibility, you can view data at the local, regional, and corporate levels to fully understand progress and bottom-line results. The platform includes a host of crucial data points to assess program growth, including overall program dashboard and monitoring, uptake of optional services, and the effectiveness of promotional programs tied to your membership program.

 

EC puts a wealth of information and data at your fingertips with tagging that is customizable to specific partner needs. Tagging gives you the ability to quickly filter and pull information, delivering insights at a demographic, regional and program-specific level.

Professional Services

Organizations grow, as do their resource needs. Understanding this, ExtendCredit works with each of its partners to best support their needs in key areas of program management. This spans branding and marketing, program accounting, GAAP considerations, technology, and business system integrations at every stage of growth. Helping you create a program that meets your organization’s unique needs and culture is important to us. EC is here to provide resources, as needed, to support or to supplement your team as part of your overall program.