Spenda Limited announced release of Spenda AR V1.1 to support growth in payments flow. The release of Spenda AR version 1.1 delivers critical updates that improve performance, scalability and product flexibility. Specifically, this release incorporates the following updates: User experience enhancements to improve: The visualisation of the accounts receivable sales ledger and customer's debt; Management of debt collection jobs; Sending of automated collections communications; Making notes about collections and payment expectations; Entering into payment arrangements with a customer; Taking customer payments via bank transfer, card or through a BNPL facility; Managing Credit Claims; and Dynamically triggering finance drawdowns.

Backend enhancements that improve: Security on the transaction pipe; Performance enhancements that improve transaction throughput per second; End-to-end reporting for merchant funding payments; and Merchant boarding.