Accounts Receivable is one of the most important components on a company’s balance sheet. As a member of the A/R Department, you are presented with the challenge of managing five different processes: the order hold and release function, collections management, credit management, A/R collaboration and deductions and disputes. Each of these processes requires a different workflow and without a consolidation platform to unify five sources of information, it becomes difficult to maximize your A/R Department’s performance.
Cashbook Software’s A/R Automation platform provides your A/R Department with the consolidated platform it needs to increase cash flow. Its A/R Collaboration Portal gives your A/R Department a clear view of all activities pertaining to its customers as well as the ability to view key performance metrics of other collectors such as DSO, DBT and DDO. The platform also offers functionality in credit, collections and deductions management with the Credit, Collections and Deductions Workbench, which allows you to use Promise-to-Pay Transactions to track payments and manage order holds and release. With Real-Time Database Integration at the heart of the platform, customer accounts are constantly updated, presenting you with the accurate information you need to manage all collection-related activities.
Improve Key A/R Metrics and Customer Satisfaction: