Introducing Dynamic Payment Scheduling in Documents and Contracts

Deposits and Payment Plans on Documents & Contracts

We're excited to announce a new feature that offers greater flexibility and automation in handling payments through Documents and Contracts. This latest update introduces the ability to add tailored payment schedules to your product lists, enhancing how you manage financial agreements and interact with signers.

What's New?

• Dynamic Payment Scheduling: You can now incorporate versatile payment schedules directly within your Documents and Contracts. These schedules can dynamically adjust based on the signing date or be set to specific dates.

• Auto Payment Option: Enable the auto payment feature with a simple toggle for seamless processing of subsequent payments.

• Signer Visibility: Signers get a clear view of their payment plan details within their product list, improving transparency and communication.

• Integrated with Direct Payments: When used with direct payment options, users are redirected automatically to settle invoices immediately after signing, streamlining your process.

How to Use These New Features

To take full advantage of the new payment plan functionalities, follow these straightforward steps:

1. Navigate to Documents and Contracts: Begin by adding a product list to your document.

2. Add a Payment Schedule:

   • Open the left drawer to select 'add payment schedule,' or directly click on the option within your product list.
     

3. Configure Payment Details:

• Select when the first payment is due: either on the signer's signature date or choose a custom date.
• Set up subsequent payments with either fixed intervals post-signing or specific custom dates. The final payment's due date will serve as the invoice due date.
• Define percentages or fixed amounts for each payment and easily track the remaining balance under the total amount.
  

4. Finalize and Display:

   • Once saved, users and signers can view the complete payment schedule within the document's product list.
     

5. Enable Auto Payments: Automate future payments by toggling the auto payment option, ensuring prompt and efficient financial handling.

Why We Built This Feature

The introduction of payment plans and deposit management arises from the need to facilitate automated and flexible payment solutions right at the moment of contract signing. This advancement not only modernizes the way payments are processed but also empowers businesses with tools for clarity and control over their financial interactions.

We encourage users to explore these new capabilities and see the immediate benefits of streamlined payment processes in action.

In Case You Missed It: Check out our previous product announcement to keep up with all the latest enhancements we're bringing to your SMBcrm experience.