Microsoft Dynamics NAV News & Tips
Collections Management Turns Your Receivables into Cash Flow

In this ever more competitive economic environment, cash flow management is becoming even more critical to success. Your single most important cash investment is your receivables and yet, in the past all you have had to manage this critical asset is an aging report. Not anymore!

Integrated Computer Systems Support is pleased to present the Collections Management Solution for Microsoft Dynamics NAV. This powerful application will allow you to systematize your collections process, reduce your receivables significantly, and possibly generate a quicker, more predictable and more substantial cash flow. In essence, the Collections Management Solution is a specialized contact manager designed specifically to support your collections process. Consider these valuable features:

• You define who is going to be responsible for collections.
• You define when overdue invoices are passed to the application, providing instant identification of overdue invoices.
• Invoices can be ‘passed up the line’ for more serious action or just for advice.
• Trigger Points can be defined as system defaults, customer specific or based on a customer’s payment history to reflect current payment patterns.
• All of the information you need to discuss this invoice with a customer is right there at your fingertips.
• You record who you talked to, what they said, when they promise to pay and when you should call them again.
• If you need to, you can collaborate with other people in the organization to collect this account.

All of these functions are available and much more - and best of all, the system can be installed and operational in less than an hour. If you call your customers systematically and insist that they provide you with a specific payment date, they will pay you more rapidly. It really is that simple!

A software-driven collections process like the Collections Management Solutions is a must for every business. It just makes good business sense. You could reduce your receivables by 5% or possibly even more, depending on the current status of your outstanding accounts. If 5% does not sound like a significant amount, just multiply your current receivables balance by 5% and consider the resulting cash flow!

Collections Management Solution is easy to implement yet can be very sophisticated if that’s what you require. The system can literally be set up in less than an hour and an initial set of target invoices and customers identified. It really is that easy to use and yet that powerful.

In this ever more fragile economy, managing cash flows smartly is a crucial key to survive and thrive. Customers may delay payment to preserve their free cash. Unfortunately, this can prove to be extremely painful for everyone. Now, you can use the Collections Management Solutions to avoid this problem and effectively manage your cash flow.

Please contact Mike Packard, Integrated Computer Systems Support at 425-284-5436 or mikep@ics-support.com, to arrange a demo or to answer any questions.

Download a free copy of the Credit and Collections Management white paper (PDF).

 

Your single most important cash investment is your receivables and yet, in the past all you have had to manage this critical asset is an aging report. Not anymore!