Clearitt settles your B2B invoices with minimal or no cash transfers

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.

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.

By leveraging Clearitt's Invoice Clearing service, you can significantly boost your sales and gain a competitive edge in the market. Invoice Clearing provides an alternative method of settling invoices, allowing you to open up your business to a whole new market of customers.

Here's how Invoice Clearing can help you boost your sales:
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1. Expand Your Customer Base: By offering Invoice Clearing as a payment option, you can attract customers who prefer this method of payment. This expands your customer base and allows you to reach new markets that may have been previously inaccessible.

2. Improve Cash Flow: Invoice Clearing accelerates the payment process by allowing you to receive funds instantly upon invoice approval. This improved cash flow enables you to reinvest in your business, fulfil orders more efficiently, and take advantage of growth opportunities.

3.Enhance Customer Relationships: Offering Invoice Clearing demonstrates flexibility and responsiveness to your customers' needs. It can help strengthen customer relationships and build trust, leading to repeat business and referrals.

4. Gain a Competitive Advantage: By embracing innovative payment solutions like Invoice Clearing, you differentiate yourself from competitors and position your business as forward-thinking and customer centric. This competitive advantage can help you win more deals and grow your market share.

5. Showcasing Your Use of Clearitt: Clearitt offers a Marketing Toolbox where you can access resources to showcase your use of the platform. This includes a " Don’t Pay It, Clear It " badges that you can add to your website, invoices, emails, and social media profiles. By prominently displaying this badge, you can signal to your customers and partners that you embrace modern payment solutions and are part of the Clearitt network.

In summary, Invoice Clearing is a powerful tool for boosting sales and gaining a competitive edge in today's marketplace. By providing customers with flexible payment options and streamlining your invoicing process, you can drive growth, improve cash flow, and strengthen relationships with customers.

Secure Technology: Clearitt employs mature, stable and tested technology to safeguard your financial information. Our platform is built with secure components that protect your data from unauthorised access or breaches, and the end-to-end business process has been vetted by security experts.

Privacy: We comply with international and Australian privacy legislation, specifically The Privacy Act 1988 (Privacy Act). We have a declared privacy policy available for perusal on our website. Moreover, your data will be held in a database hosted in Australia and will not be sent overseas.

‍Data Access: Clearitt will not access any of your data held in a third-party cloud-based accounting platform unless you grant us permission to do so. You can revoke this permission at any time, and the protocol implementation by the accounting platforms will ensure that we cannot access your data thereafter.

‍Identity and Data Access Technology: Our software implements the industry-standard Open ID Connect and OAuth2 Identity and Access Management protocols, which also is required by your accounting platform.

Encryption: All data stored and transmitted through Clearitt is encrypted, adding an extra layer of protection. This encryption ensures that your sensitive financial information remains confidential, whether at rest or in transit.

‍Transparency: Our platform provides transparent and detailed records of all your financial activities, giving you full visibility and control over your financial activities.

‍Constant Monitoring: We conduct ongoing security audits to ensure that our processes remain secure, and advisory services to ensure that our software has the latest upgrades and patches.

In summary, Clearitt's commitment to security is unwavering. We employ secure technology, encryption, compliance with privacy legislation and quality standards, informed consent, industry-standard protocols, transparency, and constant monitoring to ensure the utmost security for all your financial activities.

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.