ERP Consultant Blog

Reduce DSO, Improve Cash Flow and Collect More Money than you Invoiced

Written by Jeanne Lee | Wed, Feb 13, 2013

Explore the benefits one company found after integrating ERP & Credit Collections Management software.  In just one year, Systems Maintenance Services (SMS), a global provider of IT and Managed Services made some amazing changes to their credit and collections activities. The company now gets money to the bank almost one full month faster, they are more efficient when it comes to their Accounts Receivable activities, they have reduced their days sales outstanding (DSO) by 40%...The list goes on. 

SMS has realized the potential of implementing Collections management software with their ERP system- watch this free 30 minute webinar recording to learn how SMS not only decreased their DSO and improved their cash flow but they actually collected more money than they invoiced!

This video is a true testimony to what any business can accomplish by focusing on accounts receivable and collections processes with software such as Anytime Collect.

A few more benefits of using collections management software with your ERP system:

  1. Significant reductions in labor related to collections within the first six months of using Anytime Collect
  2. Reallocation of 50% of one credit manager’s time to other activities
  3. Significant reduction in outstanding A/R
  4. Increased cash flow
  5. Instant access to current account aging, invoices, and payment history 
  6. CRM-like capabilities to document calls, email, and other activities.
  7. Shorten the sale-to-cash cycle time
  8. Insight available “to act, instead of react to outstanding accounts.”
  9. DSO at 49 days (6 points below targeted goals)
  10. Excluding their 2 most difficult customers, DSO is at 40 days

Watch the video and contact e2b teknologies to learn how you can realize these benefits and more

 

About e2b teknologies:

  e2b teknologies operates three business units – e2b anytime apps, e2b enterprise, and e2b calibration. e2b enterprise develops custom cloud-based business applications and resells leading ERP accounting software, CRM, HRMS, and other enterprise business software applications from Sage Software, Epicor, Intacct, Sugar CRM, and other publishers. e2b anytime apps is the publisher of Anytime Collect, Anytime Assets, Anytime 500, Anytime Commerce, and related Anytime brand products. e2b calibration is an ISO/IEC 17025 accredited calibration laboratory. 

Our goal is to provide customers with great products backed by world-class support, development services, and business consulting to help them achieve their goals – on-time, and on-budget. Contact us today for more information or to speak with one of our software experts.

Follow us on twitter @e2bteknologies