What is Automated Collections Software?
Automated Collections Software enables you to automatically track, prioritize and follow up with your customers/debtors to assure prompt payment of what is owed you, using predictive, proactive workflows and processes to assure that nothing slips through the cracks while eliminating routine, repetitive work. It can be integrated with financial systems or used as a separate "bolt-on" module to provide improvement in DSO, cash flow, and working capital.
Carixa™ Cloud Collections Management
Your company demands best-in-class collection results but may not have the best collection software to drive the invoice collections function. Legacy systems are inadequate, ERP systems are complex to customize, or maybe you are still using Excel spreadsheets to manage your workload. Your DSO, productivity, and cash flow can be improved by using Carixa.
Carixa provides a strategy-based Collection System that supports the unique business practices of multiple business units while ensuring defined policies, controls, and performance for best-in-class collection results. Through the use of automation, workflows, and unique coding schemas, your organization can achieve and surpass industry benchmarks and KPIs. We incorporate historical and risk data to assign priorities that drive collections, and problem resolution workflows to keep receivable balances and past dues in line with corporate goals.
Achieve best-in-class DSO and cash flow, and reduce delinquency, and bad debts.
Assure outstanding results without adding staff with system-driven performance.
Common collection actions are "touchless", eliminating repetitive work.
Features |
More Benefits |
|---|---|
| Easy consolidation of multiple business units | Corporate-wide view of collections performance |
| Workflows to drive collection activity | Accounts prioritized to risk and 100% coverage |
| Matrix of transaction, reason, and status codes | Application of policies across business units |
| Collector activity and performance is tracked | Detailed audit trail for SOX and auditors |
| Dashboards and Reporting for corporate KPI’s | Comprehensive, flexible reporting |
Carixa Pay™ and Carixa Retriever™
Add Carixa Pay™ and RPA/AI-powered Carixa Retriever™ to further transform your manual collection processes.
- Carixa-Pay™ sends email reminders of payments that are due, with a link to a payment page.
- The customer selects invoices to pay by credit card or e-check and can make full, on-account, or partial payments,
- The customer can note any deductions or discrepancies, and attach documents and comments.
- CarixaRetriever™ can append a copy of the delivery receipt, electronically obtained from the carrier.
Ready to find out more?
Drop us a line today to arrange a no-obligation review!
