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Supporting Your Financial Value Chain
An old collections adage says it best: a sale is a gift, until you get
paid. Past-due receivables are essentially interest-free loans to your
customers. How can you ensure that your company is paid for its products and
services; what do you have in place to support financial value chain
management?
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President, The GETPAID Corporation, Dianna Piumelli
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Are your existing systems capable of future growth? Are they Stable?
Responsive? Intelligent? Global?
As you contemplate these questions, consider your company’s position in
the marketplace, your strategic direction, driving initiatives and business
objectives. What steps will you take to ensure that your company is current
and strong in its practices?
Companies such as The GETPAID Corporation are addressing these issues by
delivering software and services that address Financial Value Chain
Management (FVCM).
GETPAID offers a comprehensive and integrated software solution for
strategic collections, query handling, information sharing, invoice
presentment, online payment, risk management, and detailed reporting and
analysis. Without an automated solution, these functions typically account
for most of your financial services costs and tie up large amounts of
working capital.
Companies such as Hewlett-Packard, Cadbury Schweppes, and Marley Floors
have implemented GETPAID and associated services to increase cash flow,
reduce administrative costs and improve customer service. The company that
embraces FVCM will have a competitive advantage, be able to institute
internal controls, standardise processes, facilitate collaboration and
conduct business on a global scale without the challenges and risk that can
arise from operating with manual and segmented systems.
The GETPAID Professional Services team offers implementation, training
and support services to more than 6,000 global users. Their experience
working with over 550 companies in greater than 30 countries contributes to
the ongoing success and application of best-practices. GETPAID can be
interfaced with any ERP or A/R system and offers certified integration with
SAP, J.D. Edwards and Oracle.
Key Benefits of an FVCM solution:
- Standardise processes and embed internal controls
- Automate tasks and manage workflow
- Gather and distribute information quickly and accurately
- Facilitate internal and external collaboration
- Communicate with sales, customers, service teams and brokers
- Spot trends earlier and improve decision support
- Provide real-time online reporting
- Take advantage of 7x24 remote access to information
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To request a free report "Using the Internet to Create a Dispute
Resolution System", please send a request to
info@getpaid.com
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The focus of an enterprise FVCM solution is on achieving a competitive
advantage by delivering a higher level of value and service to your
customers. FVCM solutions leverage the vast amount of information generated
internally or gathered from external sources, providing seamless access to
corporate applications and productivity tools, enabling web-based
self-service.
By proactively managing your entire Financial Value Chain, your
organisation can present a unified and consistent view of the business to
its customers, brokers, partners, distributors and field representatives. As
a single point of access to information and collaborative tools, FVCM can
act as a portal to reduce the administrative costs associated with
distributing information and managing document flow.
FVCM will provide:
- Faster and more thorough information distribution and knowledge
management
- Improved operational efficiency
- Improved customer and partner collaboration
- Increased market share
Applications such as GETPAID that support financial value chain
management address the many different facets of the finance operation
including invoice presentment, collections, dispute resolution / query
handling, payment, account inquiry / customer service, cash application,
workload balancing, resource management, cash forecasting, reporting, and
trend analysis.
If your enterprise objectives are to improve cash flow, reduce bad debt
expense, and decrease transaction related costs; instituting technology that
supports FVCM is the solution. Small and medium enterprises become more
competitive, larger companies more efficient, and stakeholders (including
employees, partners and customers) all benefit significantly.
For more information, visit
www.getpaid.com
or email info@getpaid.com or call
01753 878222.