Receivables Engine
Rev up your cashflow.
Intelligently monitor invoice due-dates and auto escalate notices based on your custom rules – from a gentle ‘nudge’ to a formal demand, you can focus on strategy, not collections.
Features
Respect in communication.
Customized smart notices.
You get thoughtful and professional follow up emails and formal notices that are objective and consistent, and at the same time are customized to reflect your values. You start your follow in a timely manner but with an assumption that the delay is an unintentional, then vary the tone and escalate the matter concluding with a befitting legal notice. Your communication looks like it came from a person and not a robot.
Automated reminders.
Set it and forget it.
As an invoice is past a due date, your chaser plan is set on the Engine as per your custom rules of number of notices, frequency of notices, escalation matrix with the client, and whether formal legal notices to be sent or not. This communication plan automatically triggers the emails and/ or notices with no human intervention – and it stops only where there is a response back from the debtor. No fuel is spent on internal, unproductive chasers.
Improved cashflows.
Proactive management.
Delayed receipt of money is a cost for you. Most delays are simple admin misses by the clients. Timely tracking and smart follow ups by the Engine eliminate these misses resulting in significantly reducing DSO (Daily Sales Outstanding) and reducing legal costs. Proactive follow-up steps are a huge positive in a recovery litigation if the matter eventually lands in the court.