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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?

President, The GETPAID Corporation, Dianna Piumelli

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:

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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:

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.