BEGA-US can trace its roots back to Germany, however, it has become an all-American company. A manufacturer of public, residential and commercial lighting, a majority of BEGA-US products are designed and produced in their 120,000 square foot facility in Carpinteria, California. This means that their products qualify to carry a “Made in America” label. Having grown since their inception in the US to include 110 employees, their customer base and accounts receivable department has also grown.
A majority of BEGA-US lighting products are sold to architectural companies to use in their projects. Selling on business-to-business credit comes with some risk, which is why the company started using Anytime Collect to manage their accounts receivable. Anytime Collect, an automated accounts receivable software, integrates with a company’s business software to automate the entire collections process, from invoicing to cash collection to analytics.
Credit Manager, Michelle Wilson, at BEGA-US says that they have seen real results in their collection efforts since using Anytime Collect. They have discontinued sending statements to customers from their ERP system because customers can simply access them on their own through Anytime Collect’s customer portals.
“I love the fact that when we send out an email our customers have a portal to their account where they can print their own invoices, should they be missing one,” Wilson said.
Since using Anytime Collect to manage their accounts receivable, Wilson reports that both their collection ratio and turnover rate has improved.
Due to their success with the software, BEGA-US has been the leaders in using Anytime Collect’s new NACM integration. Wilson explains that BEGA-US has always used NACM credit reports when questioning a potential customer’s risk, however, the process has been made simpler since the reports are pulled directly into Anytime Collect.
“Now, we have a credit review process so that we can start to review some of our accounts on a regular basis based upon their risk class, and then make pulling that NACM report part of that process,” Wilson explained.