Collect Cash More Effectively with Epicor Cash Collect

Managing accounts receivables at an organization can turn into a headache quickly.  If you have multiple vendors with multiple purposes, then you begin to pull your hair out sooner than later….especially if you don’t have enterprise resource planning (ERP) software in place.  Epicor recently announced a powerful new add-on to their Epicor® ERP software that will make your accounts receivable much more efficient and less of a headache.

Epicor Cash Collect is a new module for Epicor ERP that was designed to add automation and streamline an often complicated accounts receivable process.  No matter how many credit or collections activities you might have, this software will organize cases and activities so you always have a handle on outstanding payments.  Create a case for each customer and outstanding invoice and include the details of all phone calls or other touch points that might be made to collect payments.  You can input partial payment data, review case data to address disputes, and share the data with managers or others in the company.

Accounts receivable can be a time-consuming and expensive operation that most businesses face on a regular basis.  Even though credit terms are generally 30 days, companies often work with days sales outstanding (DSO) that are far greater than their terms.  The longer an invoice is outstanding, the more it costs you to recover it.  When accounts can’t be reconciled, businesses may be forced to write-off bad debt.  Tools like Cash Collect can reduce the amount of time that you spend on chasing outstanding invoices.  Send out automated emails and make fewer phone calls.  Managers can access the real time data, instead of requesting reports from the accounting department.

Amp up your Epicor ERP with the new Cash Collect module and save money by collecting accounts receivable faster.  Contact RAM Software Systems for more information about the new Cash Collect functionality and collect your cash without getting a headache.

By RAM Software Systems, Epicor ERP partner out of Texas

About Michael Greene, RAM Software Systems, Inc

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