The exchange of system information between a merchant, the customer and its bank dramatically reduces transaction and billing costs in administration, delivery, reconciliation and reporting.READ MORE
Collections Manager is a specialist provider of system collections administration services,
delivering improved fee collections and lowering administration costs.
Providing a cost effective way to fully automate your entire bill collections process
Manually exporting and uploading data can be complex and prone to error. Not with Collections Manager.
Our easy to use powerful web based system is easily accessible from the office or the airport lounge.
At the click of a mouse, an accounts administrator will know the payment status of any fee payer at anytime.
Automate your entire receivables management process from the moment the invoice is sent until payment is received. Business practices haven’t changed much in the way receivables are managed, until Collections Manager.
Integrate with your accounting system to eliminate manual data entry. Collections Manager knows which invoices are still outstanding to process your payments.
Customise with your business rules to provide your customers with a secure online payment portal and effective communication via email and SMS.
Secure private cloud hosted server access to your computer, safeguarding your access, storage and daily back-up data required to support your business, whilst removing the expense of locally managed IT infrastructure.
75% of our customers had paid their invoices on or before the due date and 95% had paid following their second reminder. This has improved our cashflow enormously and allowed for a better allocation of resources.
Like most professional practices, we were looking for a system to improve our bill collections. Collections Manager has been an effective, but low cost solution. We are seeing the benefits of a reduction in time to process invoices and more timely payments from our clients. The system is easy to use and importantly helps maintain our brand whilst allowing the flexibility to manage special payment arrangements. Collections Managers staff have been helpful and responsive. We are happy with the system and the cashflow benefits!
Australian businesses have identified cashflow as the issue most likely to impact their operations in the next three months, while new analysis of invoice payments reveals that payment times have slowed to their lowest rate in three years. According to Dun & Bradstreet’s Trade Payments Analysis, business-to-business payments were made in an average of 56 days during Q1 2014, three days slower than in the previous quarter and two days slower than a year earlier, in a sign that business finances may be under strain. Read the full article here.
The above content is from Dun & Bradstreet’s Trade Payments Analysis (www.dnb.com.au), and has been re-published with their permission.
We are official development partners of MYOB, Australia’s largest provider of business management solutions.
And XERO, the global leader in online accounting with over 280,000 paying customers in over 100 countries.