For private equity and venture capital firms on Xero or QuickBooks Online, Paidnice chases every past-due fee invoice, takes the payment and adds the interest to the statement.
No credit card. Your first 20 actions are free.
Email and text reminders go out on the schedule you set, to the fund controller or portfolio company finance lead who actually approves the invoice, from your own domain.
"We deal mostly with large b2b where our invoices often go missing during the approval process. Paidnice automates our outreach and statements allowing us to be paid much faster."
Statements go out on the 1st with the finance charge on the past-due balance recalculated at send. Several entities under one fund family get one consolidated statement.
"The time-consuming task of chasing debt and sending statements is now a thing of the past, as everything is handled automatically."
Every reminder and statement carries a pay button, and the fund's finance team finds and pays every open invoice on your own branded portal at once.
"Really saved us time in helping customers settle multiple part paid Xero invoices in a single Stripe payment."
Late fees, statement interest, or early payment discounts, set per contact group, so fund entities and portfolio companies each get their own policy. Management fees are usually billed quarterly in advance under the fund's limited partnership agreement (Carta fund operator guide).
"We saw a great improvement in the average time to pay across all clients and the subscription cost is more than covered by the interest generated, so it pays for itself."
When reminders run out, it escalates to a call task for your finance lead, with the payer's balance, average days to pay, and rating attached.
"Paidnice has been exactly what we were looking for to help address the ongoing challenge of past-due invoices."
Paidnice does not raise invoices or replace your fund administrator. Paidnice fits firms that raise management-fee, monitoring-fee and portfolio services invoices in Xero or QuickBooks Online. Paidnice chases service and management-fee invoices, not capital calls, distributions or fund accounting.
You bill fees from your ledger
Paidnice chases from here
It’s the debt collection system I’ve been looking for, for the last 15 years.
Private equity and venture capital firms usually raise management-fee and monitoring-fee invoices straight from the management company's Xero or QuickBooks Online file. Paidnice connects to that file in one click and reads the open invoices from there. Paidnice chases service and management-fee invoices, not capital calls, distributions or fund accounting.
Private equity and venture capital firms can apply a late fee or interest where the fee letter, the limited partnership agreement or the monitoring agreement provides for one. Paidnice applies the rate you set, on the schedule you set, and shows the calculation on the statement. Rules on maximum rates vary by state, so set the rate to match your documents. Paidnice does not give legal advice.
Private equity and venture capital firms often invoice several entities under one fund family: the main fund, a parallel fund, a co-investment vehicle. Paidnice rolls those into one consolidated statement: every entity, every open invoice, and the interest on the past-due balance, in one file emailed to the fund controller.
Private equity and venture capital firms sometimes have a portfolio company query one monitoring or transaction fee invoice. Take that invoice out of the policy by its number and the rest of the account keeps its normal schedule: reminders, the statement and the interest all carry on without the disputed line.
Private equity and venture capital firms set a different policy per contact group. Fund entities might get a quiet reminder and a monthly statement, while portfolio companies get the full ladder up to a call task. Every email comes from your own domain, so it reads as your finance team following procedure.
Private equity and venture capital firms pay from US$69, £49 or A$99 a month on Essentials, priced by invoice volume, not revenue. There are no contracts, and your first 20 actions are free.
For private equity and venture capital firms
No credit card. Your first 20 actions are free.
