With Sage 100 ERP alone, the company’s small accounting staff only had enough time to focus on their largest invoices, meanwhile their smaller invoices were going far beyond terms and in some cases they were not being collected at all.
Chardon, Ohio (PRWEB) February 25, 2015
Today e2b teknologies, publishers of Anytime Collect accounts receivable management software, announced a new customer in the biotechnology industry. The customer, a manufacturer and distributor of life science equipment, chose Anytime Collect to enhance the A/R module in Sage 100 ERP to streamline their accounts receivable management process.
With thousands of products available to customers around the globe, the company’s accounting department was tasked with tracking and collecting a tremendous volume of invoices. This was an overwhelming job for the small accounting staff, whose only tools were aging reports, spreadsheets, and the limited A/R functionality in Sage 100 ERP. With manual processes making up the bulk of their collections strategy, collectors were spending a significant amount of time on tedious, yet necessary administrative duties such as data entry and organization, instead of spending their time on activities directly related to collecting payment.
“As with a majority of companies, their biggest A/R management obstacles were time and resources,” said Adam Lynch, Anytime Collect Sales Manager at e2b teknologies. “The accounts receivable collection process is fraught with small, time consuming steps that must be followed for each individual invoice. With Sage 100 ERP alone, the company’s small accounting staff only had enough time to focus on their largest invoices, meanwhile their smaller invoices were going far beyond terms and in some cases they were not being collected at all. All of these factors can lead to significant loses, bad debt write offs, and cash flow problems that could be devastating for any business.”
Realizing this, the customer decided to implement automated collections software for Sage 100 ERP. Anytime Collect is a cloud-based accounts receivable management solution tightly integrated with the company’s ERP system to centralize their A/R information and automate their most time consuming tasks. With Anytime Collect the company can automate tasks such as sending payment reminders, scheduling phone calls and follow-ups, prioritizing activities, sending past due notices, and much more. With those essential, yet laborious tasks being taken care of by the system, the accounting team now has much more time to follow up on all of their invoices, not just the large ones.
“I am confident that this customer will not only see a big difference in the way they manage accounts receivable, but in their cash flow as well,” said Lynch. “I very much look forward to watching their success and working with them as they continue to use the system.”
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.