Invoice Clearing is a financial process that allows you to settle invoices with minimal or no cash payments. Here is a simple example:

Let's say you're expecting payment on a bunch of invoices you sent out, and that they add up to $100,000. Let's also say you have a pile of bills you need to pay that add up to the same amount, $100,000. What you can now do is settle all these invoices by netting them out. As the total amounts are equal, there is no need to dip into your cash reserves.If what you have to pay is more, you just pay the difference.If what you are to receive is more, you will receive the difference.

Here's how it works in practice:

‍Record Keeping: Whenever you send an invoice to another business using your accounting software, the invoice is recorded on the Clearitt platform.
‍Balance Tracking: In this way, the platform keeps track of what you owe and what is owed to you, creating a running balance.
‍Invoice Settlement: Instead of exchanging cash for each invoice, you periodically settle your accounts. As mentioned, if you owe more than what's owed to you, you pay the difference. If the balance is in your favour, you receive the outstanding amount.

For a thorough introduction of how it works, go to https://clearitt.com/how-it-works.

Clearing has been used by banks and large institutions for over 250 years to simplify transactions and reduce the need for cash payments. Now, Clearitt brings this efficient, secure, and cost-efficient process to businesses of all sizes. By joining Clearitt's clearing network, you can streamline your financial operations, save time, reduce costs, and open doors to new cooperative opportunities within the Clearitt network. Say goodbye to the hassle of cash payments and embrace the future of seamless business transactions.

Invoice Clearing offered by Clearitt presents a multitude of benefits for businesses, changing the landscape of B2B finance and empowering businesses to thrive in today's dynamic market.

‍Time Savings
Invoice Clearing streamlines the invoice settlement process, eliminating the need for businesses to engage in the time-consuming task of chasing payments. By automating the clearing and settlement system, Clearitt saves valuable time for businesses, allowing them to focus on building meaningful relationships and driving growth.

‍Cost Savings
Clearitt's transparent fee structure and efficient transaction management contribute to significant cost savings for businesses. By eliminating hefty fees associated with traditional financial solutions such as factoring services and business loans, Clearitt empowers SMEs to achieve remarkable cost reductions and improve their financial health.

‍Freeing Up Working Capital
Delayed payments often hinder a business's ability to invest in its future. With Invoice Clearing, Clearitt breaks the chain of late payments, freeing up working capital and unlocking opportunities for businesses to seize growth initiatives and fortify their financial positions.

‍Unlock the Potential of Invoice Clearing
Invoice Clearing isn't just about streamlining processes; it's about revolutionising B2B finance and empowering businesses to thrive. By embracing Invoice Clearing, businesses can say goodbye to the frustrations of chasing payments, enjoy significant cost savings, and unlock their full financial potential.

Getting started with Clearitt is quick and easy. Our onboarding process is designed to get you up and running with invoice clearing in just a few steps:

1. Sign Up
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Create your Clearitt account by signing up here. You can start right away by connecting your accounting system, which allows Clearitt to automatically import your invoices and identify clearing opportunities with your customers and suppliers.
Prefer not to connect your system? No problem—you can also manually enter invoice data or upload it via CSV. This lets you get started immediately, even if your accounting software isn’t supported yet. You can start right away by connecting your accounting system, which allows Clearitt to automatically import your invoices and identify clearing opportunities with your customers and suppliers.
Prefer not to connect your system? No problem—you can also manually enter invoice data or upload it via CSV. This lets you get started immediately, even if your accounting software isn’t supported yet.

2. Invite Your Business Partners

To start clearing invoices, both you and your counterpart (customer or supplier) need to be on Clearitt. We make it easy by allowing you to invite your contacts directly through the platform. If your accounting system is connected, Clearitt can automatically identify and invite your trading partners on your behalf.
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3. Start Clearing

Once both parties to an invoice are on the platform, you can clear that invoice straight away—no thresholds, no delays. The more of your network that joins, the more invoices you can clear, reducing the need for cash payments and improving cash flow.

Ongoing Benefits

‍Network Effect: As more of your trading partners join, your clearing potential increases—unlocking smoother, faster settlements.
‍Flexible Setup: Whether you connect your accounting system or enter data manually, Clearitt adapts to suit your business.
‍Effortless Collaboration: Our platform makes it easy to manage invoices, track clearing activity, and grow your clearing network.

In summary, becoming a Clearitt user is as simple as signing up, adding invoice data, and inviting your trading partners. No approvals, no friction—just a smarter way to settle B2B invoices.

No, connecting your accounting system is not required to use Clearitt—but it is recommended.
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You can manually enter invoices into the platform, either one by one or by uploading a CSV file with multiple invoices. This gives you full access to Clearitt's core features, even if your accounting system isn't yet supported.
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However, connecting your accounting system allows for automated invoice uploads and makes it easier to invite your customers and suppliers to join the platform. This helps accelerate your network growth and improves the overall clearing experience.

So while integration isn’t mandatory, it’s the best way to streamline your workflow and get the most out of Clearitt.

Our live demo lets you explore the Clearitt platform using sample data, so you can see exactly how invoice clearing works—without needing to enter your own information.

You’ll be able to interact with key features, navigate the dashboard, and experience how invoices are cleared between businesses. It’s a hands-on way to understand the value Clearitt offers before connecting your accounting system or uploading your own data.

Whether you're just curious or preparing to onboard, the demo is a great first step to see how Clearitt can improve your cashflow and simplify your payment processes.