Mining Equipment Distributor Automates Sage 50 Accounts Receivable for Improved Cash Flow

credit and collections automation (Chardon, Ohio) July 30, 2015- Today e2b teknologies, publishers of Anytime Collect accounts receivable management software, announced that a mining equipment distributor has chosen Anytime Collect to automate Sage 50 accounts receivable management software for faster invoice collection, and improved cash flow.

With over 15 years in business the company sells and rents both new and used crushing equipment, screening equipment, and related parts and services to customers in the mining and mineral processing industry. Before making the choice to automate accounts receivable, the organization relied on manual processes and their Sage 50 (formerly Peachtree) accounting program. With more than 1,000 invoices and millions of dollars of credit sales to manage each month, the company realized that their inefficient manual processes were becoming a drain on working capital as the cash they needed for continued growth was often tied up in outstanding receivables.

Anytime Collect accounts receivable management software was integrated with the company’s Sage 50 accounting system to replace the cumbersome manual invoice collection processes for improved collector productivity. Anytime Collect has consolidated all of the company’s critical accounts receivable information into one place and now automates necessary, yet time consuming tasks such as sending payment reminder emails, prioritizing collection activities, archiving customer email conversations, scheduling follow up activities, forecasting cash, tracking performance metrics, and much more.

With Anytime Collect the distributor can now better manage invoice disputes and prevent them from happening again through built-in business intelligence and reporting; review shipment, bill of lading, and freight information for invoices; enable customer online payments through a secure customer self-service portal; and define optimal workflow for customers based on their industry, credit risk, and past payment behaviors.

“In an industry where margins are extremely thin and competition is increasing both domestically and globally, cash flow is critical to ensure ongoing operational and financial growth,” said Anytime Collect Account Executive, Adam Lynch. “We look forward to watching this company’s success with Anytime Collect as they recognize the benefits of A/R automation such as reductions in bad debt, improved DSO, reduced financing costs, increased efficiencies, and healthier cash flow.”

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About Anytime Collect

Anytime Collect, published by e2b teknologies, is a leading cloud-based accounts receivables management system integrated to leading ERP accounting systems. 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.

Sage 50 Accounts Receivable

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