Microsoft Dynamics NAV News & Tips
Microsoft Dynamics NAV Collections Management

Regardless of the state of our economy, one thing all the experts agree on is that companies must be more vigilant when it comes to cash flow. But what’s the best way to do that in Dynamics NAV?

ICS Support is pleased to offer the leading Collections Management Solution for Microsoft Dynamics NAV. This powerful application will allow you to systematize your collections process, reduce your receivables significantly, and generate what could prove to be a substantial cash flow. Just consider for a moment the following:

• The Collections Management Solution, essentially a specialized contact manager, is specifically designed to support your collections process.
• You define when overdue invoices are passed to Collections Manager to provide instant identification of overdue invoices.
• Invoices can be ‘passed up the line’ for 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 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 plus many more are available, and yet 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!

Watch a 27-minute demonstration of the Collections Manager.

Every company can benefit from a software-driven collections process. That just makes good business sense. Depending on the current status of your outstanding accounts you could reduce your receivables by 5% or possibly even more. While 5% may not sound like a significant amount, multiply your current receivables balance by 5% and consider the resulting cash flow!

The Collections Manager is not a complicated application, but can become very sophisticated if that's what you require. Otherwise 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.

Managing cash flows may prove to be one of the keys to survival in the so-called “new economy.”

For more information about this powerful application, download the Credit and Collections Management white paper (PDF) now.

Please contact Mike Packard, Integrated Computer Systems Support, directly at mikep@ics-support.com or 425-284-5426 if you would like to learn more.

 

Virtually every firm should be using some form of software-driven collections process. That just makes good business sense. Depending on the current status of your outstanding accounts you could reduce your receivables by 5% or possibly even more. While 5% may not sound like a significant amount, multiply your current receivables balance by 5% and consider the resulting cash flow!