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Accounts Receivable Tool - An Enterprise Business Productivity Solution​

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A fully automated Accounts Receivable utility that can be plugged to any legacy ERP, Accounting System, CRM or custom application. This utility is aimed to reduce manual efforts to compile AR data from various systems or locations and make the process more efficient.

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Accounts Receivable Tool - An Enterprise Business Productivity Solution​

  1. 1. Accounts Receivable Tool An Enterprise Business Productivity Solution
  2. 2. Account receivable are amounts of money owed by customers to another entity for goods or services delivered or used What is AR Send Invoices Track Invoices Get Paid SMART A/R Tool : A fully automated Accounts Receivable utility that can be plugged to any legacy ERP, Accounting System, CRM or custom application. This utility is aimed to reduce manual efforts to compile AR data from various systems or locations and make the process more efficient
  3. 3. AR Utility Key Benefits  Increase control over cash and working capital  Increase accounts receivable management efficiency  RoI benefits  Reduce time spent prioritizing and preparing for calls from 20% to less than 7%.  Reduce time spent managing disputes from nearly 40% to 12% to 15%  Increase the time they spend soliciting customers for payment from 20% to more than 50%  Reductions in daily sales outstanding (DSO) by 10% to 12%  ROI in as little as 2 months ; assuming approx. 3% write-off for US$10 mil company  Improve customer communication  Improve customer service and satisfaction  Reduce administrative costs  Constant monitoring on credit risk and thereby minimize such risks
  4. 4. INVOICES CUSTOMERS PAYMENTS Call Transactions A/R APPLICATION • Data Visualization • Daily Call Management • MIS Reports • Data Retrieval & Configuration Mgmt. • Region Mapping CreditAgent Finance ControllerAdmin
  5. 5. AR Utility Salient Features  Customer Detailed View  Dashboard with Aging Info  Auto Task Follow up and Call Priority  Customer Payment Behavior thru Predictive Analytics  Configure Custom Rules thru Workflow  Data Synchronization from ERP using Business Connector  Better Cash – out position  Advanced predictive analytics to determine…  who all are likely to pay  customer who need more interventions  customer payment behavior
  6. 6. AR Common Problems Reaching right person when trying to follow up Resolving payment disputes Not getting Payment at Timely manner or within the agreed terms Receiving False Promises Calling Same customer by different credit rep Address Synchronization in different Source Systems Increase in DSO and less working capital Not getting Cumulative AR Amount of Parent Child
  7. 7. How to reduce DSO 01 02 Invoices Due date on Weekends Follow-up with New Customer 01Follow-up with New Customer Sent Invoice to Customer in 24-Hours03
  8. 8. Why Smart AR Core Collection Workflow & Business Connector Predictive Analytics Smart AR Dashboard and Reporting
  9. 9. Core Collection Multiple Contacts and Notes Historical Notes and auto reminders Easy follow-up and Reminder • 80% of AR can be retrieved from 20% customer • Differentiate between good and bad customer • Contribution of Invoice to Total Invoice Pareto Algorithm Credit Rep to Region assignment Region can be defined by Country, State OR Zip code Region Segregation & Association Search Customer Parent – Child one view Customer Detailed View
  10. 10. Other Functionalities SAP Integration Importing data from SQL/Excel User/Role Management Linear Regression – Who will not pay Top 10 Customer Due and Aging
  11. 11. Technical Platform Frontend Core Development Database
  12. 12. www.stridelysolutions.com info@stridelysolutions.com

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