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Anytime Collect:
How Systems Maintenance Services
Reduced DSO by 40% by Putting A/R
Collections on Auto Pilot
              February 12, 2012
              12:00 PM to 1:00 PM EST

              by James Mallory
Return On Investment
ROI
As a result of automating collections, companies are realizing:


     10 to 20 percent reduction in DSO
     25 percent reduction in past due receivables
     15 to 25 percent reduction in bad debt reserves
Increased productivity and ability to hold down staffing costs



Costs of installing the collection software are recouped in as little as 2   Months and
in usually no more than six to nine months.



                                                                        -PayStream Advisors
How Much Could You Save?
Systems Maintenance Services
         Case Study
Systems Maintenance Services



•   Partner – Practical Software
•   4 collectors in 3 states
•   Sage 500 ERP – no collections functionality
•   Decentralized systems & spreadsheets
•   No management reports
•   2,000+ customers
•   3,000 invoices monthly
Systems Maintenance Services




   32    Years In Business (Founded 1981)
  600    Employees
   90    Global Service Centers
3,100    Enterprise Customers
 99.7    Customer Retention Rate
   60    % of Dow Jones Customers
                      www.sysmaint.com
Goals & Strategies



Goals:

   – Implement a measurable collection methodology

   – Have a better process than Excel lists or alphabetic customer lists

   – Escalation tracking with readily available history

                                              ― Not “digging through emails” to
                                                understand history and escalations

                                              ― Obtain payment within 30-60 days.

                                              ― Target DSO of 55 by the end of 2012.
Systems Maintenance Services




•1 Person Contacting Every
 Customer Account
                                      Level 2               •Reaching Hold Situation
                                                            •Escalation to Management
                                                                                                 Level 4
•Send Statements & Invoices   •Research More Complex         for Customer Coordination   •Customer Hold
•Resolve Simple Disputes       Disputes                                                  •Invoice Write-Off
•Very High Ticket Volume      •Smaller, Manageable Ticket
                               Volume



        Level 1                                                     Level 3
Systems Maintenance Services



Benefits
 1.    Invoices are all in PDF and readily selectable in e2b
 2.    Statements generated on the fly
 3.    Emails sent and received from the software
 4.    Notes and attachments all in one place
 5.    History for escalation readily available
 6.    Advantages gained for history and auditing
 7.    Collection activities are measurable
 8.    Using the software to drive measurable and desired results
 9.    Customer AP contacts readily available
 10.   Significant reductions in labor related to collections within the
       first six months of using Anytime Collect
Systems Maintenance Services



Benefits
 11.   Reallocation of 50% of one credit manager’s time to other activities
 12.   Significant reduction in outstanding A/R
 13.   Increased cash flow
 14.   Instant access to current account aging, invoices, and payment history
 15.   CRM-like capabilities to document calls, email, and other activities.
 16.   Shorten the sale-to-cash cycle time
 17.   Insight available “to act, instead of react to outstanding accounts.”
 18.   DSO at 49 days (6 points below targeted goals)
 19.   Excluding our 2 most difficult customers, DSO is at 40 days
 20.   Equal and measurable work load between the collections personnel
 21.   Internal audit…we are prepared
 22.   Because of the simplistic presentation capabilities of the software, we will
       soon be publishing AR information into an intranet site to Sales
Systems Maintenance Services




67   Original DSO Before Anytime Collect

49   New DSO After Anytime Collect

40   DSO After Anytime Collect (Excluding 2 Difficult Accounts)

40   Percent Reduction in DSO (Excluding 2 Difficult Accounts)

27   Days Cash Is In Bank & Not In A/R (Excluding 2 Difficult Accounts)
Systems Maintenance Services
     Collected More Cash
 Than They Invoiced in 2012!
Demonstration
About Us




• Original Publishers of Sage 500 ERP Manufacturing
• 20+ Years Cloud (and premise) business software
  development experience
• Sage 500 Gold Certified Developer
• 2011 Sage Development Partner of the Year



         your success lies not in the products you buy
            …but in the   partners you choose
Pricing & Deployment




•   Hosted or Premise SQL Database
•   Purchase or Subscription Pricing
•   Credit Rep, Sales Rep, Customer
    Portal Users
•   Basic, Standard, or Enterprise
Questions

    James Mallory
 jmallory@e2btek.com
  440.352.4700 x229

www.anytimecollect.com

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Anytime collect AR credit and collections management software

  • 1. Anytime Collect: How Systems Maintenance Services Reduced DSO by 40% by Putting A/R Collections on Auto Pilot February 12, 2012 12:00 PM to 1:00 PM EST by James Mallory
  • 2.
  • 3.
  • 4.
  • 6. ROI As a result of automating collections, companies are realizing: 10 to 20 percent reduction in DSO 25 percent reduction in past due receivables 15 to 25 percent reduction in bad debt reserves Increased productivity and ability to hold down staffing costs Costs of installing the collection software are recouped in as little as 2 Months and in usually no more than six to nine months. -PayStream Advisors
  • 7. How Much Could You Save?
  • 9. Systems Maintenance Services • Partner – Practical Software • 4 collectors in 3 states • Sage 500 ERP – no collections functionality • Decentralized systems & spreadsheets • No management reports • 2,000+ customers • 3,000 invoices monthly
  • 10. Systems Maintenance Services 32 Years In Business (Founded 1981) 600 Employees 90 Global Service Centers 3,100 Enterprise Customers 99.7 Customer Retention Rate 60 % of Dow Jones Customers www.sysmaint.com
  • 11. Goals & Strategies Goals: – Implement a measurable collection methodology – Have a better process than Excel lists or alphabetic customer lists – Escalation tracking with readily available history ― Not “digging through emails” to understand history and escalations ― Obtain payment within 30-60 days. ― Target DSO of 55 by the end of 2012.
  • 12. Systems Maintenance Services •1 Person Contacting Every Customer Account Level 2 •Reaching Hold Situation •Escalation to Management Level 4 •Send Statements & Invoices •Research More Complex for Customer Coordination •Customer Hold •Resolve Simple Disputes Disputes •Invoice Write-Off •Very High Ticket Volume •Smaller, Manageable Ticket Volume Level 1 Level 3
  • 13. Systems Maintenance Services Benefits 1. Invoices are all in PDF and readily selectable in e2b 2. Statements generated on the fly 3. Emails sent and received from the software 4. Notes and attachments all in one place 5. History for escalation readily available 6. Advantages gained for history and auditing 7. Collection activities are measurable 8. Using the software to drive measurable and desired results 9. Customer AP contacts readily available 10. Significant reductions in labor related to collections within the first six months of using Anytime Collect
  • 14. Systems Maintenance Services Benefits 11. Reallocation of 50% of one credit manager’s time to other activities 12. Significant reduction in outstanding A/R 13. Increased cash flow 14. Instant access to current account aging, invoices, and payment history 15. CRM-like capabilities to document calls, email, and other activities. 16. Shorten the sale-to-cash cycle time 17. Insight available “to act, instead of react to outstanding accounts.” 18. DSO at 49 days (6 points below targeted goals) 19. Excluding our 2 most difficult customers, DSO is at 40 days 20. Equal and measurable work load between the collections personnel 21. Internal audit…we are prepared 22. Because of the simplistic presentation capabilities of the software, we will soon be publishing AR information into an intranet site to Sales
  • 15. Systems Maintenance Services 67 Original DSO Before Anytime Collect 49 New DSO After Anytime Collect 40 DSO After Anytime Collect (Excluding 2 Difficult Accounts) 40 Percent Reduction in DSO (Excluding 2 Difficult Accounts) 27 Days Cash Is In Bank & Not In A/R (Excluding 2 Difficult Accounts)
  • 16. Systems Maintenance Services Collected More Cash Than They Invoiced in 2012!
  • 18. About Us • Original Publishers of Sage 500 ERP Manufacturing • 20+ Years Cloud (and premise) business software development experience • Sage 500 Gold Certified Developer • 2011 Sage Development Partner of the Year your success lies not in the products you buy …but in the partners you choose
  • 19. Pricing & Deployment • Hosted or Premise SQL Database • Purchase or Subscription Pricing • Credit Rep, Sales Rep, Customer Portal Users • Basic, Standard, or Enterprise
  • 20. Questions James Mallory jmallory@e2btek.com 440.352.4700 x229 www.anytimecollect.com