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Commusoft Releases out-of-the-box Contract Management Solution to Build Recurring Revenue



This new functionality comes with a fully integrated payment system through GoCardless, helping trade businesses increase revenue during the slow season.

LONDON, May 14, 2024 /PRNewswire/ — Commusoft’s new solution offers unparalleled flexibility in handling commercial and residential agreements for B2C, B2B, and B2B2C companies. This out-of-the-box solution empowers businesses to manage their service contracts effortlessly.

The GoCardless and Commusoft partnership allows trades businesses to offer a wide range of bank payment options to their customers and get paid faster. After integrating GoCardless’ open banking-powered Instant Bank Pay last year for one-off payments, Commusoft has now added the fintech’s Direct Debit capabilities to help businesses take regular payments seamlessly. This includes collecting monthly recurring payments for a boiler care plan or collecting monthly recurring payments for a boiler care plan or the rent and fees owed to landlords and managing agents.

Clients can manage a variety of residential service contracts across a large volume of customers. It’s never been easier to scale residential offering:

  • Offer recurring billing cycles
  • Accept direct debit and ACH payments
  • Create contract templates
  • Automate contract renewals
  • Reduce debt-chasing

Clients can also handle highly complex commercial service contracts, and mitigate operational risks for them & their customers at every step of the journey:

  • Create complex contracts
  • Serve diverse business types
  • Ensure a smooth renewal process
  • Customise PPM schedules
  • Provide custom SLAs

“Recurring revenue is the holy grail of all revenue. Everyone wants it,” Says Jason Morjaria, Founder of Commusoft. “Trade companies are no different. We want to empower every company that services, maintains, or installs to offer service contracts to their customers. There’s no need to worry about invoicing, payment collection, or contract management. We want our clients to focus on their customers, not the admin.”

“Rio Pools have used the contracts functionality in Commusoft to schedule in our regular maintenance visits for both our commercial and domestic customers.” Says Ian, Service Team Lead at Rio Pools Construction Ltd. “This has helped us ensure all required maintenance visits on our customers’ swimming pools, spas, and the associated equipment are carried out and that nothing gets missed.”

“Tradespeople are busy enough; there’s no reason to add to their burden with payments admin. After all, no one enjoys or has time for tasks like chasing late payments,” says Seb Hempstead, VP of Partnerships at GoCardless. “That’s why we’re excited to provide our Direct Debit capabilities through Commusoft, helping tradespeople pull funds on the day they’re due and simplifying the back-end with automatic reconciliation. Customers can also pair Direct Debit with Instant Bank Pay, a low-cost alternative to cards when it comes to one-off payments, to cover all of their payment needs.”

About Commusoft: Commusoft is a technology company that builds web-based and mobile solutions for trade companies. With innovative business management and refined customer journeys, Commusoft clients are in complete control of their growth.

About GoCardless: GoCardless is a global bank payment company that helps more than 85,000 businesses, from start-ups to household names, collect both recurring and one-off payments — without the chasing, stress or expensive fees. Each year GoCardless processes more than US$35 billion of payments across 30+ countries.

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Contact Information:

Vanessa Barrett
[email protected]

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PB Fintech slips 2% after over 8 million shares change hands via block deal




PB Fintech witnessed a 2% decline in its stock price, reaching Rs 1,313.65 per share, as approximately 8.4 million shares, equivalent to 1.86% of outstanding shares, were exchanged via block deals on the exchanges. By 9:44 AM, the volume surged to 9 million shares collectively on both exchanges, while PB Fintech’s stock price dipped by 0.56% to Rs 1,333 apiece, contrasting with a 0.22% decline in the S&P BSE Sensex.

Executive Share Sales

On May 16, PB Fintech announced that its Chairman and CEO, Yashish Dahiya, alongside Vice Chairman and Whole-time Director, Alok Bansal, intended to sell partial stakes in the company. Dahiya plans to sell up to 5.4 million equity shares, while Bansal aims to divest up to 2.97 million equity shares. Proceeds from the sale will be allocated primarily towards taxes on current and future ESOP exercises.

Following the sale, Dahiya will retain a 4.83% stake, while Bansal will hold a 1.63% stake in PB Fintech on a fully diluted basis. The company clarified that no further share sales are planned by the duo for at least one year.

Company Profile and Financial Performance

PB Fintech is actively involved in providing integrated online marketing and IT consulting services, primarily for the financial services industry, including insurance. The company operates Policybazaar, India’s largest digital insurance marketplace, and Paisabazaar, which offers lending-related services.

In Q4FY24, PB Fintech reported a net profit of Rs 60.19 crore, marking a significant improvement from the Rs 9.34 crore loss in the corresponding period of the previous year. The company’s revenue from operations surged by 25.4% year-on-year to Rs 1,090 crore in Q4 FY24, compared to Rs 869 crore in Q4 FY23.

For the entire fiscal year, PB Fintech’s net profit stood at Rs 64 crore, contrasting with the Rs 488 crore loss in FY23. The company’s consolidated operating revenue rose by 34% year-on-year to Rs 3,437 crore.

Analyst Perspectives

Analysts at Nuvama Institutional Equities raised their FY25/26 Ebitda estimates significantly to accommodate higher growth and improved profitability. However, they maintained a ‘Reduce’ rating on the stock due to its rich valuation, revising their target price to Rs 1,160.

Keynote Capital downgraded PB Fintech’s stock to ‘Reduce’ from ‘Buy’, citing that most of the positives appear to be priced in. Despite acknowledging the company’s positive momentum and profitability, the brokerage believes that current market expectations may be overly optimistic.

PB Fintech continues to navigate its growth trajectory amidst strategic initiatives and evolving market dynamics, as reflected by varying analyst viewpoints.


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US fintech Yendo secures $165m in mix of debt financing and equity




Yendo, a prominent fintech company based in the United States, has successfully secured $165 million in funding through a combination of debt financing and equity investment.

Funding Structure

The funding round comprised a mix of debt financing and equity infusion, highlighting investors’ confidence in Yendo’s growth prospects and business model. This significant financial injection underscores Yendo’s position as a key player in the fintech sector.

Investment Highlights

Yendo’s ability to attract such substantial investment underscores its appeal to investors. The company’s innovative approach and strategic positioning within the fintech landscape have positioned it for accelerated growth and market expansion.

Utilization of Funds

The newly raised capital will likely be deployed to fuel Yendo’s expansion initiatives, including product development, market expansion, and strategic acquisitions. The infusion of funds will provide Yendo with the financial resources needed to capitalize on emerging opportunities and consolidate its market position.

Market Impact

Yendo’s successful funding round is expected to have a positive impact on the broader fintech market, signaling investor confidence in the sector’s growth potential. The influx of capital into Yendo reflects the ongoing trend of significant investment activity within the fintech industry, driven by increasing demand for innovative financial solutions.


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Commerce Bank goes live with instant payment service FedNow through Temenos Payments Hub




Commerce Bank, headquartered in Kansas City, USA, has recently activated the FedNow instant payments service as part of its ongoing modernization efforts.

Collaboration with Temenos

Commerce Bank has partnered with Temenos, a leading Swiss vendor, to enhance its real-time payment capabilities. This collaboration builds upon Commerce Bank’s previous deployment of Temenos’ core banking platform in 2022 and its adoption of the Infinity loan origination solution earlier this year.

Utilization of Temenos Payments Hub

Commerce Bank has opted for the Temenos Payments Hub to integrate the FedNow service seamlessly. According to Temenos, this choice aims to amalgamate advanced banking products with cutting-edge delivery methods.

Insight from David Roller

David Roller, CIO of Commerce Bank, views this selection as a strategic step in their modernization journey. He emphasizes the bank’s commitment to meeting the evolving expectations of its customers by leveraging the capabilities offered by the Temenos platform.

Features of the Platform

The Temenos Payments Hub, delivered via Software-as-a-Service (SaaS), offers a comprehensive suite of payment tools and frameworks. These include features like straight-through processing, automated exception handling, cloud security measures, intelligent routing, and customizable workflows.

Leveraging the US Model Bank

In addition to the Temenos Payments Hub, Commerce Bank has also leveraged Temenos’ US Model Bank. This collection of pre-configured banking processes is tailored to address the specific requirements of the US market, further enhancing Commerce Bank’s operational efficiency and customer service.


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