Lean Accounts Receivable: Credit, Collections and Chargeback Automation.
Cforia Customers reduce DSO by 10 to 20% during the first 90 days.
Cforia's Accounts Receivable Automation Platform increases efficiency and leans AR metrics by seamlessly managingall related activities through a unified platform.
Credit Management
Leverage customer payment trend information that is locked within your accounting systems to calculate Days Beyond Terms
trends by customer. Monitor how your customers are paying other vendors through integrated credit reporting and scoring.
Automatic alerts with follow up tracking assures that At-Risk customers are analyzed.
Real-Time data synchronization provides high priority workflow for handling credit holds in a timely and customer friendly
manner. Order releases can quickly and easily be managed through a robust Promise-To-Pay Transaction that delivers a
document electronically to your customer while you have them on the telephone. PTPs are monitored for broken promises
and automatically create ticklers (diary items) for your staff to act on.
Collections Management
Seamless integration across disparate systems highly automates and improves efficiency by providing a singular user
interface for all collection activities. Avoid re-entering the same data and working with disconnected tools and reports.
Prioritize collection activities via a rules engine to maximize cash in the door. Embedded AR Business Intelligence and
Financial Reporting provides instant visibility of KPI's and reduces end of month closings from Days to Hours.
Chargebacks and Disputes Management
Automatically code customer remittance advice chargebacks. Capture and escalate dispute information the first time that it is
brought to customer facing staff's attention. Leverage database driven collaboration to assign, track and perform root-cause
analysis on deductions. Auto reconciliation and GL posting of approved items. Increase recovery rates on inappropriate
chargebacks. Uses root-cause reports to avoid preventable problems from continuing.
Collaboration
Chargebacks and Disputes originate outside of the AR department, yet the AR team is held accountable for resolution. This
means the department or individual responsible for causing an issue becomes invisible to the enterprise reporting system,
ensuring that the same problems will continue. Cforia allows chargebacks and disputes to be assigned to these
stakeholders. This speeds resolution and enables root-cause analysis.
Automatic Cash Application
Greatly reduce a manual matching and keying process to increase cash application productivity by 50%. Supports EDI, XML,
Excel, Lockbox and hard copy remittance advice. Automatic matching against General Ledger held in one or multiple
Accounting Systems. High confidence matches are automatically posted to your GL.
Real-Time Seamless Integration across multiple Systems
Including SAP, Oracle, Baan, Lawson, Microsoft Dynamics NAV, QAD, JD Edwards, PeopleSoft, BPCS, MAPICS and
corporate support systems including CRM, email, facsimile servers, document imaging and POD websites.
Click to replay of Credit, Collections and Deductions Automation: Lean Accounts Receivable Webinar
Credit Management | Order Hold & Release | Collections Management | Chargebacks & Disputes Management | Collaboration
Automatic Cash Application | Real-Time Seamless Systems Integration | Sitemap |