Cashflow is the lifeblood of any business. Today’s corporations face tremendous pressure to maximize receivables performance. Also known as trade credit, receivables are the most cost efficient resources to accelerate the cash flow.
Lack of timely information on receivables stored in multiple disparate systems and the complexity introduced by disconnected manual processes, impede many finance executives’ ability to measure and monitor credit risk and collections efficiency.
Effective receivables management involves ensuring effective credit policy management and automation of credit-to-cash processes. which increase the efficiency of a firm’s cash conversion operations. Accelerating revenue cycles and lowering credit maximizes the value of the firm.
See how Emagia provides a single unified platform for managing all your order-to-cash processes seamlessly. Designed for high volume global operations, Emagia products are used by many credit and collections departments as well as finance shared service centers.
Emagia Receivables Management solution enables your enterprise to drive working capital efficiency on Order-to-Cash processes to lower DSO, increase customer satisfaction, and maintain fiscal discipline. Order-to-Cash is defined as the business process flow comprising: customer data management, credit decisioning, standard invoicing/billing and electronic bill presentment, revenue recognition, cash receipt, cash application, collections (i.e., delinquencies, deductions, and claims/disputes), audit and financials compliance, and reporting.
Smart Way to Improve Your Receivables
The Emagia Receivables Receivables Management Solution brings much-needed visibility and control to the dynamic environment of Accounts Receivables. By consolidating critical financial data from disparate sources, you gain fundamental insight into your cash inflow performance. Powerful analytics focused on customer accounts and payment trends provide you with the necessary intelligence to create and manage your collections strategies. The Emagia Receivables Receivables Management Solution offers a comprehensive solution for unparalleled performance in the face of ever-changing business conditions.
View Consolidated Portfolio Information
Organizations with multiple financial systems and geographically dispersed divisions face challenges accessing credit and collections information in a timely manner. This adversely affects the efficiency of credit and collections and ultimately impacts receivables. By seamlessly integrating into multiple financial systems, Emagia Receivables Receivables Management Solution gathers all customer credit and collections data into a single consolidated system, offering real-time access to complete and comprehensive portfolio information. This powerful feature enhances your ability to make informed decisions on strategies that drive collections performance and improve receivables.
Track Customer Payment Trends
Tracking, storing and analyzing customer payment patterns and providing easy access to this critical information is the essence of this feature. Feeding this information directly into the Emagia cash forecasting system provides you with the ability to precisely predict collections volume based upon past payment trends. Furthermore, you can set your collections strategy to generate follow-up tasks only for those customers who did not pay within their normal payment pattern. This not only increases productivity but also enhances your customer relationship.
Multi-site and Multi-organizational Hierarchy
Emagia Receivables Receivables Management’s hierarchical structures allow you to view information across multiple customer sites as well as multiple organizations within the customer’s company. This powerful capability allows you to slice and dice your information, formatting it to effectively meet your collectors’ specific needs. In addition, by using the Emagia roll-up and roll-down hierarchical views across both the portfolio and cash forecast, finance executives are armed with the information they need to make more informed decisions.
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