About

Smyyth/Creditek offers credit-to-cash services to support the entire revenue lifecycle, driving reduced working capital, accelerating cash flow and increasing profits.

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We’ll help you reduce operating costs with top-tier subject matter expertise, combined with best-in-class proprietary technology built especially for BPO and the needs of mid-market to very large enterprises.  Our services include Business Process Outsourcing (BPO), short-term “cure” projects, management consulting, and our extraordinary Carixa ™ SaaS software.

We are a full service accounts receivable, deduction management and collection management firm with decades of experience in most industries, combining proprietary software, effective processes, with expert USA staff and management.

Smyyth/Creditek offers credit-to-cash services to support the entire revenue lifecycle, driving reduced working capital, accelerating cash flow and increasing profits.

We’ll help you improve performance with top-tier subject matter expertise, combined with best-in-class proprietary technology built especially for BPO and the needs of mid-market to very large enterprises.  Our services include Business Process Outsourcing (BPO) for all related functions, short-term “cure” project, combined with Carixa ™.

COLLECTIONS – LIBERATING 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 due to disputes and deductions accumulating in aging buckets. Solvable problems include:

  • Synchronizing the collection strategy with your cash flow needs.
  • Starting the collection process early, and not getting to all the accounts.
  • Focusing on the priority customers, the high risk, or chronic late payers.
DEDUCTIONS – REDUCING REVENUE DILUTION

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.

OVERHEAD – OPERATIONS STREAMLINING

With outstanding automation, the result will also be that overhead may be reduced at the same time. Most corporate accounts receivable systems are effective at bookkeeping, but are not designed for revenue production environments. The potential impact of the right automation cannot be overstated, and our Carixa™ Platform has been designed with that objective. It is a modular, powerful, and customizable SaaS application that works with any system, and is easily and quickly implemented by our team (no consultants required).

  • Carixa enables the integration of your strategy, priorities and plans with the actual work that needs to be done, so that staff is accountable for results.
  • Carixa streamlines operations so that the right priorities are always in front of the right people, and nothing is overlooked.
  • Carixa can incorporate data and documents from multiple systems, including Robotic Process Automation to automatically access customer documents and data and integrate them with internal work processes.
  • Carixa can transform your “auto-cash” cash application and produce a 100% hit rate.
  • Carixa can automate your entire revenue lifecycle from Credit Management through Electronic Invoice Presentment and Payment (EIPP).
Benefits of Working With Smyyth/Creditek

You can reduce your DSO 20% or more

You can reduce your past dues by 40% or more

You can materially reduce your working capital needs

You can double your deduction recoveries

You can reduce your bad debts

You can reduce your overhead