# Alternative Payments
*Also known as AP*

- Website: https://www.alternativepayments.io
- Agent profile: https://directory.haycion.ai/agents/alternativepayments-io

> Payments technology company enabling service-based businesses to modernize cash flow through a unified platform.

Alternative Payments is a payments technology company focused on lowering barriers and making smarter payments accessible to service-based businesses. It positions itself as the financial operating system for B2B services companies, unifying invoicing, payables, and analytics in one platform, and using AI to anticipate challenges, surface opportunities, and help teams act before problems arise. The company aims to help offline service providers improve cash flow, automate billing, and accelerate collections through transparent pricing and strong partnerships. It serves industries such as MSPs, accounting, business services, telecom, and other service sectors seeking flexible, secure, and scalable payment solutions.

**Mission:** our mission is to lower the barrier and make smarter payments accessible to all

## Products & Services

### [Automated Accounts Receivable](https://www.alternativepayments.io/solutions/automate-accounts-receivable)
*Solution*
Streamline your accounts receivable process for enhanced cash flow and reduced manual work.

- **Invoicing, Collections, and Reconciliation Automation** — Automate Billing Processes
- **Collection Assist** — Delegate Payment Follow-up
- **Payment Reminders and Autopay** — Send Automated Reminders
- **Custom Payment Schedules** — Configure Payment Schedules
- **Self-Service Client Portal** — Enable Self-service Payments
- **Multi-Client AR Dashboard** — Streamline Client Management

### [Automated Accounts Payable](https://www.alternativepayments.io/solutions/automate-accounts-payable)
*Solution*
Streamlines vendor payments through automation, enhancing efficiency and cash flow management.

- **OCR Bill Data Extraction** — Automate Bill Details Extraction
- **Unified Payable Workflow** — Centralize Vendor Payables
- **Vendor Bill Automation and Approvals** — Automate Vendor Bills
- **Integrated Payments Management** — Manage Payments Seamlessly
- **Audit Trail and Compliance Tracking** — Track Compliance Automatically

### [Collections Assist](https://www.alternativepayments.io/solutions/collections-assist)
*Solution*
Streamlines collections by directly engaging with customers for timely payments.

- **Direct Collections Outreach** — Increases Cash Flow
- **Automated Submission Process** — Saves Time and Effort
- **Integration with Existing Systems** — Ensures Accurate Records
- **Customer-Centric Communication** — Maintains Relationships

### [Enterprise-Level Security](https://www.alternativepayments.io/solutions/security)
*Solution*
Offers advanced security features to safeguard customer payment data and enhance compliance.

- **Enterprise-Level Security** — Protect Payment Data Securely
- **Strict Access Controls** — Maintain Secure Access Levels
- **Data Encryption** — Encrypt Data Securely
- **Continuous Compliance Monitoring** — Ensure Continuous Security Compliance

### [Accounts Payable](https://www.alternativepayments.io/platform/accounts-payable)
*Product*
Automate vendor payments and manage bills efficiently within one platform.

- **Audit Trail and Approvals** — Ensures Compliance And Accountability
- **Unified Payables in Platform** — Streamlines Financial Operations
- **Multi-Method Payment Options** — Flexibility In Payments
- **Analytics And Reporting** — Enhanced Financial Oversight

## Market Segments

- **Accounts payable automation** (market size $3.8B, CAGR 10.3%): Capabilities that automate invoice intake, approval, scheduling, and vendor payments to reduce manual work and accelerate payables.
- **Accounts receivable automation and collections** (market size $3.4B, CAGR 10.18%): Capabilities that automate invoicing, reconciliation, credit workflows and buyer-centric collections to reduce DSO and manual AR overhead.
- **Payment orchestration and reconciliation** (market size $1.5B, CAGR 23.3%): Capabilities that centralize multi-method payment routing (ACH, card, check), unify payables and receivables, and reconcile transactions against invoices and ledgers for consolidated cash management.
- **Payment security and compliance** (market size $34.8B, CAGR 17.4%): Capabilities that protect cardholder data, support PCI‑DSS compliance, and provide end-to-end encryption and risk management for transactions.
- **Outsourced collections** (market size $18.1B, CAGR 5.4%): Third-party receivables recovery and outreach services that integrate with PSA and accounting systems, offering customer-centric communication and success-based pricing to recover overdue invoices.