Distributor Reduces DSO by 30% with Credit Collection Automation for Microsoft Dynamics GP
Chardon, Ohio (PRWEB) August 20, 2015 -- Today e2b teknologies, publishers of Anytime Collect accounts receivable management software, announced the success of an HVAC distributor who saw a 30 percent reduction in days sales outstanding after implementing Anytime Collect to automate the company’s credit and collection process.
Prior to implementing Anytime Collect, the company’s collection strategy was built on aging reports and the A/R module within their Microsoft Dynamics GP system. Due to the lack of automation and advanced functionality within the ERP system, employees had to manage the process manually. This was an extremely time consuming and tedious process which had a negative impact on overall cash flow and profitability. Upon realizing this, senior management set out in search of a better way to manage accounts receivable and found Anytime Collect.
“I knew we needed something that would work with our Great Plains system and automate the delivery of statements and past due notifications, which we identified as both our greatest weakness and largest opportunity for improvement,” said the company’s Business Manager. “Anytime Collect was the most user friendly application we could find and we were very impressed with the level of functionality we got for the price.”
Today, Anytime Collect is integrated with the company's MS Dynamics ERP system to centralize all of the company’s account and invoice information into one system and streamline the entire credit and collection process. Anytime Collect automates time consuming activities such as sending payment reminder emails, prioritizing collection activities, archiving customer email conversations, scheduling follow up activities, tracking performance metrics, and more so collectors can focus on their most critical tasks.
Since the implementation of Anytime Collect, the company has experienced benefits such as faster and more accurate reporting on invoices and A/R performance; increased collector productivity; improved internal and external communications; a 30% reduction in days sales outstanding; and a significant reduction in bad debt write-offs.
“This year as our fiscal year closes, our bad debt write offs will consist only of debt over two years old, all of which was incurred prior to the implementation of Anytime Collect. I am thrilled with the results we’ve seen and how easy the system is to use. I would highly recommend Anytime Collect to anyone looking to improve their invoice collection process, and working with the e2b team has been incredible.”
Read the full case study here or visit http://www.AnytimeCollect.com for additional information.
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 Epicor, Sage ERP, Microsoft Dynamics, Intuit QuickBooks, and others. Anytime Collect is designed specifically for businesses selling to other businesses on credit terms to streamline and automate the entire accounts receivable credit and collections process with a return on investment in as little as two months.
Jeanne Lee, e2b teknologies, inc., http://www.e2btek.com, 440-352-4700 Ext: 240, [email protected]
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