Collection and Accounts Receivable Tracking

Designed for the management of credit risks, the Collections and Accounts Receivable objectives are :

• To provide automation for the collection of receivables
• To reduce the day sales outstanding
• To limit bad debt
• To establish and follow payor profiles

The system's powerful setup capacity provides account managers with a focus on major client follow-up actions. Based on the detailed daily tracking of unpaid, disputed invoices and bad debt, these preventive actions are enhanced by a follow up library containing specific templates for each action. This enables custom communication to be sent via phone, fax or e-mail.

When used in collaboration with the XRT liquidity management tool, the XRT collection and accounts receivable tracking solution adds value by enhancing the predictability of an organization's accounts receivable. This provides better timing on cash inflows and ultimately increases the forecasting horizon leading to better financing or investing decisions.

Key features include :

• Internet access on client collection position by sales or other authorized user
• User defined algorithm for a customized follow up of the collection process
• Customized templates library for event specific communication
• Online access to data from credit insurance issuer and credit rating agency