We are very happy to announce that Cforia Software is now in use in 117 countries
LOS ANGELES, Calif. & LONDON (PRWEB) March 30, 2018
Cforia Software, Inc., is a world leading provider of Order to Cash Automation software. Cforia’s disruptive technology platform improves the financial performance of global multi-national organizations. Cforia’s core focus is consolidating information across multiple invoice and billing systems, creating a single productivity platform which streamlines financial shared service operations.
Over the last 16 years, Cforia has built a global software and consulting business, which today manages over $300B in Accounts Receivable (A/R) turnover. Cforia is now servicing 117 countries, across hundreds of different billing systems, languages and currencies.
The announcement will be made at ICTF, the #1 international credit management association. ICTF connects international credit management and trade finance professionals with the most valuable resources and with each other. The ICTF Chicago Symposium is on April 22-24, 2018 will be held at the Gwen Hotel on Michigan Avenue in Chicago. To view the upcoming ICTF Global Credit Professionals Symposium Program, click here.
Cforia.autonomy™, is a completely new enterprise software suite for replacing traditional solutions for managing Order-to-Cash (OTC) Lifecycles and Accounts Receivable and has received global visibility as a leading provider for working capital solutions.
Features driving this global adoption include ERP System Aggregation, Cross-ERP Parent/Child Hierarchies, Collections Process Improvement, Global Credit Risk Visibility & Mitigation, Dispute Lifecycle Management, Customer On-Line Payment Portals for Self-Service and Capacity Driven Business Analytics which generate Actionable Workflow for global OTC resources.
Cforia.autonomy™ leverages the Cforia.connect Knowledgebase, a shared Best-Practices website available to Cforia Clients. Cforia uses these shared Operational Experiences and targets gaps within the traditional enterprise requirements planning systems (e.g. SAP, Oracle, Microsoft, JD Edwards and Infor). Cforia.autonomy™ users share and benefit from collective local intelligence to drive working capital improvement.
Chris Caparon, Chief Executive Officer of Cforia said, “We are very happy to announce that Cforia Software is now in use in 117 Countries and we are expanding our global presence through the success of Cforia.autonomy™ released in 2016. The ICTF’s International Credit Professionals Symposiums in both the United States and Europe, continue to be fantastic venues for Cforia Software and our Clients to gain new insights and exchange different ideas with other global multi-national enterprises, facing similar worldwide finance operational challenges.”
Chris continued, “Many of our Clients manage their OTC processes with complex information systems and multiple billing systems like SAP, Oracle, and Microsoft and this only gets more complicated when crossing geographic boundaries, selling through different divisions and using different order-entry and billing systems for common Customers. Simple things like instantly viewing risk across Parent/Child hierarchies, becomes very complex and labor intensive. Customer Segmentation and Treatments, Balancing Workloads with Resource Capacity are just a few gaps in many existing information systems. These gaps need to be filled for any company to optimize resource utilization and order-to-cash capacity. Generating better working capital outcomes is what every ICTF member is driving toward and ICTF is a great place to have these discussions.”
Cforia.autonomy™ also provides enhanced ability to dramatically reduce client-required IT resources, traditionally needed for aggregating and rationalizing complex/disparate system-of-record and system-of-engagement, needed for customer-to-cash processes across a global enterprise.
Cforia.autonomy™, combines order-to-cash Six-Sigma DMAIC (define, measure, analyze and improve) process disciplines with Cforia’s new Capacity Driven Headcount Management resource allocation analytics to accelerating the pace at which companies can achieve breakthroughs in key OTC financial metrics.
Cforia continues to expand its global client base and achieve significantly improved financial outcomes in reduced days-beyond-term/days-sales-outstanding, faster dispute resolutions cycle times, greater command and control of global working capital, zero order-to-cash headcount growth and improved customer relationships through better Customer facing Self-Service and Collaboration Portals.
Cforia.autonomy™ operates from two highly efficient User-Interface (UI) productivity screens, significantly shortening new user on-boarding and time-to-productivity. Users have the ability to departmentally create prioritized work lists in minutes, without traditional IT or required Vendor support. Users are able to reprioritize global activity for Credit, Collections and Disputes teams, anywhere in the world, in just minutes.
Cforia.autonomy™ enables authorized users to rapidly model working capital outcomes and workloads by resource capacity within minutes. Management is able to reassign priorities by individual resources or shared services teams, by customer segmentation and by appropriate treatment strategy. Users have the ability to measure how the global teams are performing against the new order-to-cash model and if the model is delivering expected results. If the results are not measuring up, the Cforia Capacity Modeling process has the ability to change priorities on-the-fly, in real-time.
About International Credit and Trade Finance (ICTF) http://www.ICTFworld.org
ICTF is the independent, not-for-profit, member-led association, providing a distinct advantage to those who seek greater expertise in the field of international credit and risk management. It is the combined knowledge and expertise of the ICTF community that makes ICTF the most relevant and essential international credit management association worldwide.
Having attracted top international talent, ICTF has evolved as the association of choice for international credit professionals worldwide.
ICTF is dedicated to supporting the goals and serving the needs of its members and the international business community by providing unmatched expertise, powerful connections, leading edge resources, educational programs and services. The association offers real time business intelligence, exceptional opportunities for ongoing professional development and growth, and an unparalleled forum for benchmarking, sharing of best practices and the latest innovations in the industry.
About Cforia Software http://www.cforia.com
Cforia Software, Inc. is a global enterprise software provider, delivering industry leading working capital and accounts receivable (A/R) automation software. Over 250 enterprises in 117 countries are managing $300 billion in A/R turn-over with Cforia today. For sixteen years Cforia has delivered superior technology integrated with proprietary real-time data integration tools across complex and disparate ERP systems of record. Cforia.autonomy™, delivers enhanced versions of Capacity Driven Headcount Management(SM), Cforia Collections SnapshotSM, Credit Risk Analytics, Order Management, Clean vs. Dirty Receivables, Multi-Languages/Currency, Global Parent/Child risk roll-up and multi-business unit solutions. The comprehensive Cforia.autonomy™ software suite maximizes order-to-cash performance through an enterprise software suite which includes Zero-Touch OTC Lifecycles, Credit Lifecycle Management, Strategic Collections Management, Deductions Collaboration Portals, and FTE Resource Optimization. Cforia.autonomy™ empowers Finance Departments to independently manage their order-to-cash workflows, electronic dunning correspondence, and credit and collections business logic and business analytics, without relying on an overburdened IT staff or expensive external resources.