--- title: "Latechaser is now Paidnice" description: "We are thrilled to announce the rebranding of Latechaser to Paidnice. Learn more about why we've changed our name." url: https://www.paidnice.com/blog/latechaser-is-now-paidnice --- # Latechaser is now Paidnice By Denym Bird Co-founder & CEO of Paidnice Published Apr 12, 2023 · 2 min read For over 12 months we’ve helped 100s of businesses automate late fees for their Xero invoices and get paid for their goods and services. In that time we’ve learned so much from our customers about the challenges they face with their accounts receivable processes and we believe there’s so much more software can do to help. Today we are thrilled to announce the rebranding of Latechaser to Paidnice and the launch of our automation for accounts receivable. Paidnice is our commitment to automating accounts receivable in a positive, friendly, and respectful manner to help businesses get paid faster while maintaining strong customer relationships. Paidnice is an accounts receivable automation tool that works with Xero and QuickBooks and saves your business time. ### **What does Paidnice mean?** Paidnice helps you get paid on time (or even early!), doing it without the negative connotations often associated with ‘chasing’ bad debts. Our technology and automation will allow businesses to: - Send personalized and [custom email and SMS reminders](https://www.paidnice.com/email-sms-reminders) without harassing customers. - Apply friendly, fair and respectful [late fees](https://www.paidnice.com/late-fees) in a clear and easily understood manner, and - Encourage early payment with [prompt payment discounts](https://www.paidnice.com/prompt-payment-discounts) for better cashflow - a win for you and your customers. Paidnice represents our dedication to continuous improvement, ensuring our product remains the go-to choice for businesses looking to maximize the potential of their existing accounting systems like Xero and QuickBooks. ### **Introducing Prompt Payment Discounts** Today we are introducing our new prompt payment discount feature. Prompt Payment discounts are designed to encourage early payments for your invoices by allowing businesses to offer customized discounts to clients who settle their invoices before they are due, fostering a mutually beneficial relationship. Businesses get cashflow sooner and your customers get a discount. This prompt payment discount feature perfectly complements our existing late fee automation capabilities, providing businesses with a comprehensive solution for managing their cash flow more effectively. By offering clients an incentive to pay their invoices ahead of schedule, businesses can not only improve their cash flow but also demonstrate appreciation for prompt payments, ultimately strengthening their customer relationships. With the addition of the prompt payment feature, Paidnice now delivers a well-rounded, user-friendly approach to accounts receivable management, ensuring businesses can efficiently address both on-time and overdue payments while maintaining a positive rapport with their clients. ### **How Paidnice works to get you paid faster** Paidnice streamlines your accounts receivable management with a suite of powerful features, including automatic late fees, prompt payment discounts, and customizable reminders. Our seamless integration with Xero and QuickBooks ensures a hassle-free experience, allowing you to unlock the full potential of your accounting software, either Xero or QuickBooks. By providing businesses with a comprehensive solution for managing cash flow and customer relationships, Paidnice empowers you to maintain financial stability while focusing on growth and success. ### A growing team committed to your success Our mission is to save time by automating accounts receivable, and we're thrilled to announce that Ashley Schroder, co-founder of A2X, has joined our team as a co-founder and brings investment and experience to help us achieve this mission. Ashley led product and engineering at A2X for over a decade, he has deep experience building, growing and scaling an accounting software product that supports thousands of companies. Our expanded founding team spans across New Zealand, Australia, and the Netherlands, meaning we have support and expertise in all timezones globally. If you have any questions or concerns, please don't hesitate to reach out to our team. We're here to help and look forward to continuing our journey together. ‍ ## Paidnice features in this article - [**Email and SMS reminders** Sends reminders by email and SMS on your schedule, each with a link to pay.](https://www.paidnice.com/email-sms-reminders) - [**Late fees and interest** Adds late fees and interest to overdue invoices when you turn them on.](https://www.paidnice.com/late-fees) - [**Prompt payment discounts** Offers an early payment discount that removes itself after the date.](https://www.paidnice.com/prompt-payment-discounts) ## About the editorial team Written by Denym Bird Co-founder & CEO of Paidnice Denym started Paidnice in 2022 after customers paying late left his own business short on payroll. He has led it to $1 billion collected on time across more than 1 million invoices, and writes about credit control, late fees and getting paid on Xero and QuickBooks. ### Try Our Free Accounts Receivable Calculators Optimize your cash flow with our suite of financial tools designed for AR professionals. Calculate DSO, aging analysis, late fees, and more. Explore Calculators ## Start getting paid on time with Paidnice Connect Xero or QuickBooks and Paidnice prepares draft policies for you. Nothing runs until you approve them. Try it FreeBook a Demo [Rated 5 stars, 160+ reviews](https://www.paidnice.com/reviews) · [App of the Year](https://www.paidnice.com/blog/winner-xero-global-app-awards-2026)