CHARDON, OH — e2b teknologies (www.e2btek.com) announced today a new edition of the company’s popular Anytime Collect (www.anytimecollect.com) cloud-based accounts receivable credit and collections management software designed specifically for smaller businesses operating with limited credit and collection staff.
“The idea behind the Express Edition is quite simple,” said e2b teknologies CEO Bill Henslee. “To put accounts receivable on autopilot automating everything we possibly can so that smaller companies with limited staff can focus on managing exceptions instead of wasting time on mundane tasks that should be completely automated with today’s technology.”
Anytime Collect Express Edition requires no user interaction. A short survey is completed and the system is configured to each business’ unique needs with a scheduled data sync to refresh information from their accounting software periodically. Pre-defined settings and the workflow engine kick in and automate delivery of invoices and reminders, past due notices, collection dunning letters, account statements, and new customer welcome emails. There is absolutely nothing the user has to do once this process is setup.
Built-in alerts notify internal accounts receivable and finance executives when specific issues occur that may require their attention. For example, when a large invoice continues to age and may pose a credit risk. Other alerts are sent when customers make payments in the online customer portal with reports that can be emailed periodically for projected cash receipts, messages received from the customer portal, account aging, bounced emails, and communications summaries. Users can also log into the system to manage late accounts that require more in-depth and personal human interaction. Email templates include hyperlinks that make it easy for customers to simply click to access their account information online where they can pay invoices securely via credit card or ACH bank transactions.
Studies have shown that companies using an accounts receivable software like Anytime Collect Express Edition receive a positive return on investment in just the first few months getting paid 20 percent faster, eliminating financing costs, improving efficiency and reducing bad debt write offs.
Anytime Collect Express Edition is ideal for companies using popular accounting systems and ERP business applications. The software is also available as a replacement product for companies that formerly used Sage Billing and Payments software which was discontinued recently by Sage.
“Most small businesses don’t have enough time to manage their accounts receivable effectively,” Henslee said. “Anytime Collect Express Edition is kind of like hiring a professional collector since it automates everything up to the point that someone has to get involved to follow-up on severely delinquent accounts and it consolidates all of the information they need in one place so they have everything they need in one place to understand what’s happened and what they need to do next.”
For $99 a month, Anytime Collect Express Edition offers high-end accounts receivable management features for a fraction of the price of hiring a part-time accounts receivable clerk and the workflow engine adheres to best practices ensuring that communication is sent to the right contacts at the appropriate stage in the credit and collections process. A one-time setup fee is required for initial system configuration and account setup. Online bill pay integration is provided for Sage Payments (www.sage.com/us/sage-payment-solutions) and other credit card and merchant account providers such as Solupay (www.solupay.com). Document integration is also available with Anytime Docs to synchronize copies of original invoices making them available in the customer self-service portal.
The Express Edition includes access to the embedded support center. Users can watch tutorial videos, chat live with support agents, log and review support requests, browse articles in the knowledgebase, or discuss best practices with other users in the community forum.
About Anytime Collect
Anytime Collect (www.anytimecollect.com) by e2b teknologies is a leading cloud-based accounts receivables credit and collections management system integrated to popular ERP accounting software. 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.