AvantGardGETPAID Credit & Collections

GETPAID Software Credit & Collections

55% of companies hold up the entire invoice when there is a dispute recorded, a practice that can lead to increased DSO and increased bad debt expense.  AvantGard GETPAID can help you resolve disputes faster and collect on the remaining balance owed. 

Working Capital is an essential element to any competitive strategy. Companies that operate with a best in industry DSO are able to free up cash to fuel growth. 

With AvantGard GETPAID, organizations can aggregate data across multiple systems for a single view of collections risk. Then with embedded workflow and automation, the solution will build work queues and send notifications for accelerated collections. 

Connectivity via portals will allow real-time interaction with sales, service and customers to reduce time spent chasing payments or correcting disputes.

Read these customer stories to learn how AvantGard GETPAID has helped to lower DSO, decrease deduction cycle time and reduce FTEs.

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DSO and Past-Due A/R Top Credit and Collections KPIs In Recent Study

By C.J. Wimley | Tuesday, October 28, 2014
COO for receivables,
SunGard's corporate liquidity business
As treasurers descend upon the upcoming  (#AFP2014) Association of Financial Professionals conference, they should be thinking of ways to improve their credit operations. Key Performance Indicators (KPIs) and detailed reporting are vital to managing an efficient and effective credit operation. By tracking KPIs including collector effectiveness, organizations can gain a comprehensive view of performance and compliance to policy in real-time. There are common metrics that credit and collections departments typically include in their reporting. According to a recent SunGard market study of 400 participants, 87% tracked and reported on Past-Due A/R and Days Sales Outstanding. Here is the breakdown on what credit and collections departments are measuring: Past-due A/R - 87% Days Sales Outstanding (DSO) - 87% Average Days to Pay - 74% Collections Effectiveness - 38% Deduction / Dispute Cycle Time - 31% Deduction / Dispute Volume - 29% Since DSO depends on sales, it is not always the best m