WebAging

New paradigm for collections: Web-based collaboration tool lowers days sales outstanding (DSO), minimizes bad debt, cuts costs and facilitates and assures compliance

• Reduces collection costs, streamlines operations and minimizes paper handling
• Archives all communication and related documents for compliance
• Web-based software enables easy deployment
• Seamless integration with existing ERP systems

Accelerates Cash Collection

The WebAging solution provides both internal AR professionals and customers' AP professionals with an interactive collaboration environment that enables sharing of invoices, credit memos, and other related documents and communication on the web.

Effective communication environments and information availability enables issues to be resolved faster, reduce DSO, minimizes bad debt, and optimizes cash flow. Since management and departmental staff are able to view a complete communication history and related documents chronologically, it is easier to assist with negotiations. This facilitates a seamless transition when there is change of personnel.

Improves Operating Efficiency

The WebAging solution streamlines communication between both AR and AP professionals by eliminating manual paper handling such as re-sending a lost invoice via fax, and managing all communication and shared documents. Since the WebAging solution enables sharing and archiving of related communication and documents, users do not need to sort and store paper documents, send paper invoices, or archive email communications. These automations enable AR professionals to focus on their core business, collection, and increase productivity by more than 20%.

Assures Compliance

The WebAging solution automatically archives all communication and shared documents chronologically per invoice and in a secured environment. It also reduces time and cost spent on retrieving information.

This function makes regulatory compliance of SOX, GAAP and IRS regulation very manageable.

Plug and Play Solution

The WebAging solution is a web-based software service. It easily integrates into an existing ERP system with the connector, and eliminates hassle as there are no additional servers and software required.

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