Epicor ERP is a comprehensive system and a strong ERP solution, but it cannot solve your accounts receivable problems. Accounts receivable management in Epicor ERP as it comes out of the box is decent, but AR is one of your most important assets, you need a full featured accounts receivable management solution like Epicor Cash Collect to help streamline and automate your collections processes.
Epicor Cash Collect is a robust accounts receivable collections module for Epicor ERP. It’s like having the Epicor collections module that you always wished was available to help you streamline your a/r collections activities. Deployed via the Internet as a cloud application, Epicor Cash Collect synchronizes data automatically from your Epicor ERP database.
WHAT DOES ACCOUNTS RECEIVABLE MANAGEMENT FOR EPICOR ERP DO?
- Rules for building work queues for collection representatives
- Automated customer communications via mass email
- Integrated collections for Epicor ERP accounting software
- Collections letters and best practices for Epicor collections
- Epicor collections reports and business intelligence
- Reduced days sales outstanding (DSO)
- Improved collection efficiency
WHAT IS THE ROI ON ACCOUNTS RECEIVABLE MANAGEMENT FOR EPICOR ERP?
Does Epicor Cash Collect work? Well… In just one year, Systems Maintenance Services (SMS), a global provider of IT and Managed services, reduced their days sales outstanding (DSO) by 40%, they get money to the bank almost one full month faster, they are more efficient when it comes to their accounts receivable activities, and most impressively, they collected more money than they invoiced! So, how did they do it? SMS implemented Epicor Cash Collect for AR Management in Epicor ERP.
Polyportables, a manufacturer or sanitary products and portable restrooms, was able to reduce accounts receivable by over $1.5 million using Epicor Cash Collect. Previously they were using spreadsheets and highlighters with their Epicor ERP system for accounts receivable management, but with Epicor Cash Collect they were able to automate a majority of their tasks, ultimately saving them 600 hours a month. Polyportables sent out 8,133 automated emails from the Epicor Cash Collect system, allowing them to spend more time calling critical customers to make sure they are paid on time. Read Polyportables entire story here.