Chardon, Ohio July 1, 2015– e2b teknologies, publishers of Anytime Collect credit and collections automation software, today announced a new customer in the discrete manufacturing industry has integrated Anytime Collect with the company’s VAI S2K ERP system to simplify and streamline credit and collections.
Prior to implementing Anytime Collect the customer, a $50 million corporation and manufacturer of specialty lighting solutions, relied solely on the basic credit and collections features found in their ERP system. This resulted in time consuming and tedious processes such as copying and pasting sent and received emails into the credit and collections module within their ERP system in order to track communications. This among other cumbersome manual processes were causing poor A/R performance and slow cash flow, a fact made evident by a decreasing accounts receivable turnover ratio and increasing average days sales outstanding.
“With the growth we’ve seen in sales and operations, we needed a better way to manage and collect invoices without having to add headcount to the department,” said the company’s Credit Manager. “We chose Anytime Collect because it is an all-encompassing solution that offers features that speak to some of our biggest challenges; especially the email and workflow automation, a portal where customers can obtain PDF copies of their invoices, online payment options, cash flow analysis, and credit management tools.”
With only one collector managing over one thousand invoices each month which represented millions of dollars in credit sales, the manual processes where becoming much too overwhelming as the company continued to expand and cash continued to get tied up in outstanding invoices.
Now with Anytime Collect, information will be synced with the company’s ERP system to centralize all of the company’s accounts receivable data into one system, eliminating time wasted on tedious manual processes. Further, Anytime Collect will automate critical, yet time consuming tasks such as sending reminder letters and past due notices to customers, providing collectors with a prioritized to-do list, scheduling follow-up activities, and much more.
“We are still in the training stage of our implementation, but I am excited to see everything that this system is capable of doing and very much enjoy working with the e2b teknologies team; they have been incredibly helpful and quick to respond to any questions that come up,” said the company’s Credit Manager. “I look forward to wrapping up training soon and using the system in our day-to-day operations.”
About Anytime Collect
Anytime Collect, published by e2b teknologies, is a leading cloud-based accounts receivables management system integrated to leading ERP accounting systems including Intuit QuickBooks, Epicor, Sage ERP, Microsoft Dynamics, and others. Anytime Collect is designed specifically for businesses selling to other businesses on credit terms to streamline and automate the entire accounts receivable credit and collections process with a return on investment in as little as two months.