Coaction Group Develops New Invoice Payment and Tracking System for Private Estate Management

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Collaborative solution improves operational efficiencies, document management and makes information available on demand.

Our client's business has truly taken a positive step toward improving operational efficiencies, and making pertinent information available on demand

Coaction Group has developed an invoice payment and tracking solution to compliment existing business modules installed on a private extranet solution for an estate management client. The invoice module was designed to help process and pay invoices faster, resulting in all current and future vendors receiving payments in significantly shorter times (reduced from 30 days to 15 days).

"The increased number of active projects, along with the challenges of dealing with paper invoices from a variety of sources, makes it very challenging for our client to quickly track and process invoices through accounts payable," says Coaction Group Founder and Managing Partner, Geoff Holman.

This invoice module integrates with the existing Coaction Group collaborative extranet solution implemented in 2007. The web-based platform provides project management tools, document management with version control, file upload capability, collaborative forums, calendaring and reporting. The fully integrated invoice module will allow the client to further streamline business processes, as well as save time and money. "Our client's business has truly taken a positive step toward improving operational efficiencies, and making pertinent information available on demand," says Holman. "Additionally, we have helped our client significantly reduce paper in their offices, supporting their ongoing efforts for conservation of our natural resources."

The collaborative extranet is permission based, with users requiring authentication and access only to specified projects and related information. It has become a key tool for the client's management team to monitor and manage the many diverse projects ongoing throughout their vast holdings worldwide.

About Coaction Group

Coaction Group specializes in providing technology and consulting services to businesses. Established in 2001, Coaction Group provides world class solutions that help businesses leverage technology to support their business strategy and goals to improve customer service, increase productivity, streamline business procedures, reduce operating costs and increase profits. The company is headquartered in Wilton, CT and can be reached by email at info@coactiongroup.com or by phone at 888-573-2120. Visit us on the Web at http://www.coactiongroup.com.

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GEOFFREY HOLMAN

Gina Chew-Holman
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