Finance Transformation Blue Print For AR Shared Services
Smart Way to Improve Your Receivables
The Emagia Receivables Management Solution brings much-needed visibility and control to the dynamic environment of accounts receivables. By consolidating critical financial data from disparate sources, you gain fundamental insight into your cash inflow performance. Powerful analytics focused on customer accounts and payment trends provide you with the necessary intelligence to create and manage your collections strategies. The Emagia Receivables Management Solution offers a comprehensive solution for unparalleled performance in the face of ever-changing business conditions.
View Consolidated Portfolio Information
Organizations with multiple financial systems and geographically dispersed divisions face challenges accessing credit and collections information in a timely manner. This adversely affects the efficiency of credit and collections, negatively impacting receivables. By seamlessly integrating multiple financial systems, Emagia Receivables Management Solution gathers all customer credit and collections data into a consolidated system, offering real-time access to complete and comprehensive portfolio information. This powerful feature enhances your ability to make informed decisions on strategies that drive collections performance and improve receivables.
Track Customer Payment Trends
Tracking, storing, and analyzing customer payment patterns and providing easy access to this critical information is the essence of this feature. Feeding this information directly into the Emagia cash forecasting system provides you with the ability to precisely predict collections volume based on past payment trends. You can set your collections strategy to generate follow-up tasks only for those customers who did not pay within their normal payment pattern. This increases productivity and enhances your customer relationship.
Multi-site and Multi-organizational Hierarchy
Emagia Receivables Management’s hierarchical structures allow you to view information across multiple customer sites as well as multiple organizations within the customer’s company. This powerful capability allows you to slice and dice your information, formatting it to meet your collectors’ specific needs effectively. In addition, by using the Emagia roll-up and roll-down hierarchical views across both the portfolio and cash forecast, finance executives are armed with the information they need to make more informed decisions.