Transforming Order To Cash Performance: Leveraging Software Solutions
GETPAID COLLECTIONS SOFTWARE
The order to cash (OTC) process is vital component of business’ financial infrastructure. It is the backbone of companies invoice-to-payment cycle and thus must be closely monitored and managed for optimal performance. While manual OTC processes are reliable and proven, utilizing software solutions can help to improve operational performance through efficiency, accuracy and improved customer experience.
The GetPaid collection software is powerful tool designed to reduce the burden placed on Accounts Receivable personnel while increasing visibility into businesses payments and invoices. Integration with existing customer relationship and billing systems, such as Salesforce and Netsuite, ensures optimization at all stages of the customer lifecycle.
The GetPaid platform offers suite of features designed to accelerate the OTC process, thereby improving customer satisfaction and boosting collection rates.Automation tools automate dunning and payment processes and help to ensure customer follow-up occurs in timely manner. Automated collection calls, emails and custom messaging help to reduce customer delinquency. The platform also provides customer insights and analytics, enabling planners to increase productivity and recover costs before customer credit lines become overextended.
Furthermore, GetPaid offers wide range of customer collaboration features that make it easier for customers to submit payments and correspond with the accounts receivable department. Web portals and mobile applications allow for the secure exchange of documents and provide end-users with real-time updates on billing, credit memos, and payment progress. Self-service modules save time by giving customers control over payment methods, including ACH, credit/debit cards, and full/partial payments.
From C-suite perspective, embracing software solutions such as GetPaid can positively impact customer satisfaction, enhance customer relationships, and increase profitability. The automated collections process can reduce manual labor costs and help to improve customer loyalty. Moreover, the ability to promptly and efficiently process collections, adjust customer profiles, handle customer inquiries and manage exceptions makes GetPaid the ideal choice for finance executives eager to enhance order to cash performance.
