COLLECTIONS MANAGEMENT
Reduce days sales outstanding (DSO) and optimize your collections strategies with more dynamic and accurate collections management processes.
reduction in aged debt
reduction in provisions
increase in productivity
Get intelligence on the sales ledger, both as a whole and for individual customers. With Collections Management, you can segment your customers using real-time data, such as payment performance, risk data, and trend insights. With a better understanding of which customers require attention, your teams can prioritize customer relationship building and streamline outreach.
Identify which actions and collection strategies work best for your customers. Each collection strategy allows for continual improvement, so your team can easily and consistently adapt their activities to drive even shorter invoice-to-cash cycle times.
The ability to easily change tasks and create dynamic collection strategies that work with risk data and team or task management ensure that your teams can proactively respond and adapt to drive impactful results.
Monitor changes in team capacity and track customer characteristics, such as risk rating, credit insurance, or payment performance trends to improve collections performance.
Your teams have visibility into the status of collections by customer account, customer group, and across the sales ledger. Meanwhile, dynamic customer and team capacity data enable you and your teams to effectively prioritize work and apply your skills, expertise, and time to more strategic work.
Mark Beddoe
Head of Financial Systems & Transactional Services
Solutions
Consolidation & Financial Analytics
Modern Accounting Playbook
Company
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