Turn your collections into cash flow

Navision Collections Management helps users track and collect overdue accounts and manage the collection process more effectively than they could using any existing procedures.

Benefits include:

• An immediate reduction in Accounts Receivable balances.
• Assignment of collection responsibility to named individuals within your firm.
• Comprehensive management oversight functions.
• Define exceptions such as number of days late or partial payments.
• Instant identification of overdue and exception invoices.
• Let the software automatically clarify your customers based on their payment promptness.
• Manage each classification with the appropriate level of assertiveness.
• Utilization of built-in Contact Manager to track and resolve each overdue invoice.

Three key elements to The Collections Management Solution:

• The Exception List displays all invoices currently assigned to an individual Collection Representative or workgroup. In addition the Exception List can be used by managers to monitor and control the collection process.
• The Exception Manager tracks the contact history for each invoice providing users with all of the functionality and information they would expect from a contact manager and then some.
• The Collections Management Solution allows users to define a Trigger Point (Due Date + X Days) when an invoice will be transferred to a Collection Representative's Exception List.

This Navision solution allows you to generate significant cash flows by helping to reduce your days outstanding. It is a specialized contact management system, built into your Navision implementation and tailored to prioritize and streamline collection of overdue accounts. By scheduling and prompting calls based upon your criteria and last call entries, accounts can be assigned to individuals or teams for follow-up.