Chardon, Ohio, December 30, 2014- Today e2b teknologies, publishers of Anytime Collect accounts receivable management software, announced a new customer in the Digital Media Industry. The customer, a provider of innovative advertising solutions and a member of a dominant corporate brand family, has chosen Anytime Collect to automate accounts receivable in Sage 300 ERP (formerly Sage ACCPAC) for improved A/R processes and faster invoice collection.
Prior to implementing Anytime Collect, the company used the accounts receivable features within their ERP system to manage billing and invoice collection; and while Sage 300 ERP does have powerful tools for accounting and finance, the system was not meant to maximize the productivity of collectors and streamline the quote-to-cash cycle. As a global company with eleven offices in the United States, six international locations, and customers around the world, the limited accounts receivable management functions in Sage 300 ERP were simply not enough to help the company reduce DSO and increase cash flow for continued growth.
Integrated with the company’s enterprise resource management software, Anytime Collect is a cloud-based system that extends the Sage 300 ERP accounts receivablemodule and automates the entire accounts receivable management process. Anytime Collect pulls the company’s accounts receivable information and activities into one place and allows users to automate their most time consuming tasks such as sending payment reminders and overdue notices, prioritizing collector activities, archiving customer email responses, etc. With these tasks being completed by the system, collectors are now able to focus their efforts on collecting large invoices, settling disputes, and better serving their customers. Additional features allow the company to manage customer credit applications, an important aspect of the company’s accounts receivable strategy.
Another reason the company chose Anytime Collect was because of the many reporting and business intelligence options available in the software to give them deeper insight into accounts receivable and cash flow. Anytime Collect provides users a consolidated snapshot of the company’s Sage 300 ERP accounts receivable with real-time data and metrics to help them monitor receivables, including top delinquent customer accounts, day’s sales outstanding, collection activities, the cost of credit, and much more.
“The digital advertising industry is notorious for late paying customers,” said Adam Lynch, Anytime Collect Sales Manager at e2b teknologies. “While long payment cycles may be the norm in the industry, companies still need to get paid on time to gain access to working capital. Anytime Collect has proven itself as an effective tool for companies in this industry looking to improve their invoice collection efficiencies and reduce day’s sales outstanding. I am confident that this company will see the results they are looking for and more with their Anytime Collect and Sage 300 ERP integration.”