Microdea’s Synergize for Accounts Receivables enables transportation companies to automate labour-intensive portions of the billing cycle through electronic workflow, reducing both the administrative overhead as well as Days Sales Outstanding (DSO).
Transportation companies are constantly searching for ways to improve their operations. Accounts receivables documents must be processed in a timely and efficient manner to ensure customers are billed promptly with minimum DSO. An automated receivables process overcomes multi-terminal complexities, physical staffing locations, quick receiving of documents and guarantees a same day billing process.
Synergize for Accounts Receivables stores all relevant information in a secure, central repository. Imaging and electronic workflow automates the validation of data, activation of exception alerts, and forwarding of documents to the appropriate personnel. Synergize can electronically transmit a Bill of Lading (BOL) and associated documents from a point of delivery to the head office, triggering the accounts receivable / invoicing process.
Synergize creates a print rendition process that identifies each invoice’s load #, checks the customer’s billing requirements, and sends the billing package electronically. This ensures customers are billed quickly with all of the supporting documentation they require to process the payment, enabling transportation companies to effectively reduce DSO and improve cash management.
Synergize for Accounts Receivables provides:
• Reduced hard dollar costs and overhead tasks associated with printing, folding, stuffing, stamping and mailing of invoices
• Guaranteed improvement in cash management through a reduction in DSO
• Scanning and imaging to enable easy access to accounts receivables information from a single, secure location
• Improved customer service and satisfaction
• Automated print rendition with customer configurable preferences that automatically distributes the back up documentation with the invoice whether by email, fax or print
• Fewer billing errors and significant reductions in billing disputes
• Increased receivables process control and workflow visibility to monitor internal operating efficiencies
• Online customer access to signed paper work
• Full integration with leading Transportation Management Systems (TMS)
Improve your accounts receivable process with Synergize's document management and workflow capabilities. Achieve higher customer service, implement automatic document distribution, and optimize your cash management.
For more information on our highly configurable off the shelf Synergize for Accounts Receivables solution, contact us at 905.881.6071 ext 244 or marketing@microdea.com