While some of the problems manufacturers face when it comes to getting paid on time are more complex than others, each of them can be vastly improved, if not completely avoided, when the focus is put on improving the accounts receivable process.
Chardon, Ohio (PRWEB) April 29, 2015
e2b teknologies, an Epicor Alliance Partner and publisher of Epicor Cash Collect, today announced new customers in the manufacturing industry, making it clear that the adoption of the popular A/R management module for Epicor ERP continues its steady growth among manufacturers looking to improve cash flow.
According to a recent B2B purchasing study by Atradius, some of the top causes of late payment in the manufacturing industry include invoice disputes, complex payment procedures, incorrect invoices, insufficient funds, and sending the invoice to the wrong person; all of which can be traced directly to time consuming and error prone manual processes.
Epicor Cash Collect is a robust solution that integrates with Epicor ERP to replace such manual collection processes and extend Epicor’s A/R module with automation and built-in best practices. Features in the software allows users in the manufacturing industry and others to automate payment reminder emails, prioritize collection activities, archive customer email conversations, automatically schedule follow up activities, manage disputes, evaluate credit risk, more accurately forecast cash, centralize critical information, and more.
“While some of the problems manufacturers face when it comes to getting paid on time are more complex than others, each of them can be vastly improved, if not completely avoided, when focus is put on improving the accounts receivable process,” said James Mallory, Director of Marketing at e2b teknologies. “The problem is that many manufacturers do not have the time to focus on this area of business because they’re busy with R&D, manufacturing, selling products, and serving customers- not on accounting. The features and tools in Epicor Cash Collect were designed to help manufacturers overcome these common challenges without having to take the focus off of their core business processes.”
Two of the most recent companies in the manufacturing industry to adopt Epicor Cash Collect include a manufacturer and distributor of ergonomic furniture and a leading manufacturer of custom conveyors systems. According to industry research, companies such as these who implement a system like Epicor Cash Collect to automate accounts receivable see, on average, a 20% reduction in days sales outstanding (DSO), a 25% reduction in past due receivables, and a 15% reduction in bad debt.
Visit the Epicor Cash Collect website to learn more about the many features of Epicor Cash Collect, watch videos, read customer case studies, and more.
About Epicor Cash Collect
Epicor Cash Collect (epicorcashcollect.com) is an integrated accounts receivable management module published by e2b teknologies for Epicor ERP providing automated customer communication, prioritized activity lists, and customized templates to streamline every aspect of the accounts receivable, credit, an collections process helping companies across industries get paid a lot faster and easier with an average return on investment in as little as two months.