Accounts Receivable and Collections Made Easy with Anytime Collect for Sage MAS ERP
Accounts Receivable is the largest or second-largest asset of most businesses. Significant cash is tied up in AR, generating associated financing or opportunity costs. At the same time customers are paying more slowly or defaulting due to economic conditions and substantial staff effort and other expenses are required to collect outstanding receivables. This represents a tangible and measurable cost to a business – and an opportunity for savings.
According to PayStream Advisors, companies can realize a 10 to 20 percent reduction in Days Sales Outstanding (DSO) and bad debt write-offs along with increased productivity and ability to hold down staffing costs as a result of automating collections. Costs of installing the software are recouped in as little as two months and in usually no more than six to nine months. Anytime Collect was developed to address this need. Anytime Collect integrates with Sage MAS 90, Sage MAS 200, Sage MAS 500 ERP systems. Because of the native integration with the Sage ERP products, Anytime Collect is typically configured and operational in just a few hours requiring virtually no internal IT support or additional database or operating system licenses.
A typical Sage user with $5 million in sales and a DSO of 60 days could save $5,000 in annual financing costs and free up over $80,000 in cash by implementing Anytime Collect. A standard investment in software and implementation by a company of this size could result in an ROI of over 300% with a payback in less than 3 months.
Anytime Collect helps you improve accounts receivable by automating communications and collections activities. Send mass email communications to accounts using mail-merge templates, manage disputes, document phone calls, and integrated document management (compatible with Paperless Office). Your sales reps can also have access to see what’s happening with their accounts. You can even setup a customer self-service portal with access to invoices and account details.
We will be reviewing Anytime Collect in detail at our next User Group Meetings. Make sure to save the date for a June Quarterly User Group Meeting that is nearest: June 14 in New York City and Boston, Massachusetts. June 16th in Newark, New Jersey and Raleigh, North Carolina. Of course if you prefer information sooner, contact your Net at Work Client Care Account Manager.