Chardon, Ohio (PRWEB) July 21, 2014
Today e2b teknologies, publishers of Anytime Collect accounts receivable management software, announced that a full service law firm has chosen Anytime Collect to enhance the accounts receivable management functionality in their Sage 100 ERP system, automate manual processes, and increase cash flow.
With 18 offices throughout the United States and a large client-base, collectors at the firm have a high volume of invoices to track and manage. Furthermore, the firm does a significant amount of work with banks for foreclosure processing which requires specific steps and processes for each invoice depending on the bank the invoice is associated with.
While Sage 100 ERP allowed the firm to gather and store client account information and prepare invoices, the system did not give them the ability to develop the specialized workflow they needed. This slowed the overall invoice management and collection process and made it difficult to collect payment from clients within terms. With the Anytime Collect integration to Sage 100 ERP, the firm has been able to set up and automate workflow for bank invoices on an individual basis, making the management of these invoices simple and keeping the collections process moving forward.
Additionally, the firm needed to smooth the invoice escalation process to ensure that large or problem invoices were being closely managed. With Sage 100 ERP alone, collectors had to use aging reports and manually analyze them to find these invoices; a time consuming and tedious process that kept them from recognizing and escalating invoices as quickly as they needed to for expedient payment. With Anytime Collect accounts receivable management software, the firm was able to set up parameters to automatically escalate invoices above a certain dollar amount or the instant they become past due a certain number of days. Now, collectors can make sure their largest and most challenging invoices are given the attention they need for effective collection and increased cash flow.
“The collections process does not begin when the account becomes overdue; it should start well before that, and those responsible for collections have to have the necessary tools, plan, and support in order to be effective,” said Adam Lynch, Anytime Collect Account Executive at e2b teknologies. “The A/R functionality in ERP systems can only take a company so far. Anytime Collect integrates with Sage 100 ERP to give users more than insight into when an invoice was sent, opened, and paid. It helps them automate and better manage the entire process, even with clients who require special invoicing and collection practices, so users can be more effective and efficient in everything they do.”
About Anytime Collect
Anytime Collect, published by e2b teknologies, is a leading cloud-based accounts receivables management system integrated to leading ERP accounting systems including Intuit QuickBooks, Epicor, Sage ERP, Microsoft Dynamics, and others. Anytime Collect is designed specifically for businesses selling to other businesses on credit terms as opposed to other software designed for credit agencies or business to consumer credit and collections.