What’s Our Story
Smyyth offers credit-to-cash cloud automation, plus the services to support the revenue lifecycle, accelerating cash flow, deduction recoveries, and increasing productivity. Our uncompromising client commitment is to improve operational efficiency and financial results.
We’ll help you reduce operating costs with top-tier subject matter expertise, combined with best-in-class proprietary technology built especially for the needs of mid-market to large enterprises. Our services include Business Process Outsourcing (BPO), short-term “cure” projects, management consulting, and our extraordinary Carixa™ Cloud Platform.
And, you will find we are easy to deal with, and if we promise it, we deliver.
Collections – Liberating Your Cash
All companies have cash tied up in stagnant accounts receivable, in many cases “frozen” due to systems that do not effectively drive or prioritize collection, and locked in disputes and deductions in aging buckets.
- Synchronizing the collection strategy with your cash flow needs.
- Starting the collection process early, nothing slips by.
- Focusing on the priority customers, the high risk, and chronic late payers.
Deductions – Reducing Proft Leakage
The revenue and profit diluting effects of customer deductions eat away at your profits, in many industries over 5% of revenues, but often treated as an unsolvable “cost of doing business”. While deductions cannot be eliminated entirely, they can be materially reduced with expert strategy and technology.
A material percentage of deductions are wrong and should be repaid by the customer. Examples include invalid cash discounts, returns with incorrect pricing or shortages, invalid shipment shortage claims, or inapplicable promotional deals. We also often find that up to 50% of the post-audit claims are invalid.
Failure to handle deductions properly means that you will not identify the root causes, which means they will continue as a chronic profit loss.
100% Auto-Cash Application
Our cash application technology is without peer. Using powerful algorithmic structures, client and debtor specific rules, computer learning, including the incorporation of credit and chargeback notices into your corporate workflow, we are able to achieve a 100% application rate. You can complete and balance cash receipts on the day of receipt.
Most corporate accounts receivable systems are effective at bookkeeping but are not designed for revenue production environments. The impact of the right automation cannot be overstated, and our Carixa™ Cloud Platform has been designed with that objective. It is a modular, powerful, and customizable SaaS application that works with any ERP system, and is easily and quickly implemented by our team (no consultants required).
- Integrate your strategy, priorities, and plans with the actual work that needs to be done, so that staff is accountable for results.
- Streamline operations so the right priorities are always in front of the right people, and nothing is overlooked.
- Use RPA to incorporate trading partner documents and data and integrate them with internal work processes.
- Transform your “auto-cash” cash application to produce a 100% success rate.
- Automate your entire revenue lifecycle from Credit, Collections Deductions to Cash Application.
Reduce DSO and past dues by 40% or more
Reduce your working capital needs
Double your deduction recoveries
Cut your operational costs
Fast implementation – no software