Cloud-based accounts receivable software wins award for helping small businesses achieve measurable business benefits, including faster payments and time savings

DENVER, CO – DECEMBER 5, 2011 – PaySimple, the leading provider of cloud-based accounts receivable software for small businesses today announced that it has won the latest THINKstrategies Best of SaaS Showplace (BoSS) Award. (award link) PaySimple won this award based on the measurable business benefits seen by its small business customers. One customer, The Cutting Edge Elite, a professional event-staffing firm in New York City, has been able to cut its overdue receivables by 90% using PaySimple.

“Today’s tough economic environment is placing intense pressure on businesses of all sizes to better manage their cashflow to support their day-to-day operations and ensure profitability,” stated Jeffrey M. Kaplan, the founder of the SaaS Showplace which is now a part of the new Cloud Computing Showplace, and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace. “PaySimple’s Cloud-based receivables automation solution enables businesses to achieve this critical cashflow management objective.”

Cash flow is the lifeblood of small businesses, yet small business owners don’t have time to spend billing customers and managing payments. PaySimple’s solution enables small businesses to save time and get paid faster with an all-in-one offering that includes payment acceptance, billing automation and customer management. With the PaySimple solution, small businesses can manage more payment methods (including ACH and credit card) any way their customer wants to pay (including email invoicing, recurring billing, and payment acceptance via web, phone, mail and mobile phone). With all these payment capabilities plus customer management in one system, it’s easy for small businesses to manage billing in less time and get paid faster. According to a recent survey of PaySimple’s customer base, 85% reported time saving, 55% reported getting paid faster and 96% said they love PaySimple’s support.

“We are excited to be recognized by THINKstrategies and the Cloud Computing Showplace for the measurable business value PaySimple provides to our customers,” said Eric Remer, CEO of PaySimple. “We are proud to offer small businesses a solution that helps them save time on billing and get paid faster. We work closely with our customers to continually improve our product to ensure that it meets their ever-growing needs and consistently delivers value to make their lives easier.”