“I don’t know which customers to contact, so every day at 8am I am running an Aged Trial Balance and then working on spreadsheets to keep a track of whats outstanding and whats been promised for payment.”This brings into focus the advantages of automating debt collection using the cloud. We have extensive experience of successfully working with Oracle Fusions, Automated Delinquency Identification, and Work Assignment feature. As a Collector, users get a Dashboard specific to their needs showing the Customers who have been assigned to that user. With some businesses using up to 30% of an employee’s time identifying accounts that need addressing rather than collecting, there are significant savings that can be made with the right software implementation. The need to call the client to discuss the collection can also be managed using the assigned work feature, to allow the status of accounts to be updated to ensure reminders are sent to call back in a timely fashion. The right processes are vital in any business operation. Automating business debt collection using the cloud, using the cloud gives businesses the opportunity to track things efficiently and get paid faster. If your business is using manual collection tracking methods, maybe now is the time to be evaluating if there is a better way.
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