What is Automated Collections Software?
Automated Collections Software enables you to automatically track, prioritize collection calls, letters, and emails to your business debtors to assure faster payment of what they owe you.
Collection automation should include smart, predictive, and proactive workflows to make sure collection contacts are timely, and that no accounts slip through the cracks - at the same time eliminating routine, repetitive work.
This cloud software works with ERP and corporate financial systems as "bolt-on" modules to drive the credit and collection processes that deliver DSO, cash flow, and working capital.
Carixa Credit-to-Cash Platform Features
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. Carixa can improve your DSO, productivity, and cash flow.
Carixa Collections 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.
Carixa Deductions provides similar powerful rules-based functionality for the management, workflow, and resolution of customer deductions, chargebacks, and disputes. It includes auto-matching and reconciliation against cash and credits.
Carixa Auto-Cash Application provides automated remittance processing and matching against your receivables, and works seamlessly with your present financial system, or integrated with the Carixa Cloud suite. Either way, you get real-time results in payment posting quickly clearing and match remittances to invoices, credits, and deductions, Only with Carixa’s unique matching and exception handling process, can you achieve 99.9% daily remittance clearing.
More power with Carixa Pay™, and Carixa Retriever™
Add Carixa Pay™ and RPA/AI-powered Carixa Retriever™ to further transform your manual collection processes. For example:
- 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.
Carixa is provided through an arrangement with Smyyth Technology, LLC. Leib is one of the Smyyth companies.
More Benefits
- Achieve best-in-class DSO and cash flow, and reduce delinquency and bad debts.
- Assure outstanding results without adding staff with system-driven performance.
- Workflows, goals, and risk priorities drive all collection activity.
- Common collection actions are "touch-less", eliminating repetitive work.
- Collector and company performance dashboards and KPIs.
- Robotic document fetching and processing.
- Dashboards Reporting, Metrics, and KPI’sDetailed audit trails.
Contact us today to get started
We're prepared to help improve your cash flow and reduce bad debts today.
