Provides Management with Real-Time KPIs across All Divisions, disparate ERP Systems and multiple Currencies.
Accounts Receivables is the largest current asset on most company's balance sheet, yet is often tracked by manual spreadsheets. Cforia's AR Business Intelligence and Financial Reporting automates this key business process.
Key Performance Indicators that provide real-time tracking of Days-Sales-Outstanding (DSO), Days-Deductions-Outstanding (DDO), Days- Beyond-Terms (DBT) and Cash Forecast. Track individual collector, departmental, divisional and enterprise wide contributions to overall KPIs. Track individual customer KPIs with trend analysis.
Standard Reports to track AR activities including:
Top 20 Reports including Past Due, Percentage Past Due, Total Due, Days Beyond Terms by Collector or Business Reporting Unit.
DSO reporting by Collector or Business Reporting Unit.
Customers over their credit limits.
Deduction Reports including Age Trial Balance by type, Open/Closed Deductions by type and monthly Deduction Recovery Percentage. Reports can be broken down by Business Reporting Unit, analyst, customer and collaborator.
Collector Efficiency Reports for work queue details including number of open letters, calls, deductions and promises.
Collector Customer Touch Tracking by type and collaborator.
Collections Efficiency Tracking for Past Due Percentage with Historical Trending.
Open AR including Collections, Unapplied Cash, Deductions, Disputes and Credits.
DBT Value by reporting unit or Customer / Parent.
DSO Value by reporting unit or Customer / Parent.
Top 20 Customers by Past Due, percent Deductions and Disputes, and Outstanding AR Balance.
Collector efficiency including Open AR, cash forecast, customer touches, disputes and deductions resolved.
Covers daily, monthly, annual, MTD and YTD periods.
Enhanced Cash Forecast leverages individual customer DBT trend analysis, PTPTransactions and separate Clean and Dirty Receivables Tracking. Automatically forecasts for today, tomorrow, this week, next week, this month and next month.
Easy to use wizard based report generation allows an Accounts Receivable department to create and modify reports for themselves, without reliance on over-burdened IT resources.
Real-Time Seamless Integration addresses multiple AR data silos within a company. Integration across disparate ERP systems provides a seamless view of AR related data.
Consolidated Reporting provides business intelligence throughout the enterprise across all divisions.
Reduce End of Month Management Reporting from days down to hours. Most companies rely upon spreadsheets with manual consolidation. Cforia's automated reporting system highly automates management reporting, so that it is just a button click away.
Features:
Real-Time Seamless Integration of any ERP system(s) including SAP, Oracle, Baan, Lawson, PeopleSoft, JD Edwards, BPCS and MAPICS.
Avoid data silos caused by multiple ERP Systems.
Provide visibility into KPIs via Reporting and Dashboard at the individual Collector, Departmental, Division and Corporate Levels.
Avoid manual spreadsheets and consolidation.
Benefits:
Reduce Financial Reporting labor while speeding up the process through automation..
Increase profitability by decreasing chargebacks through recovery and avoidance.
Reduce end of month reporting from days to hours.
Get the total picture across disparate ERP systems and multiple divisions.
"Cforia AR Business Intelligence Software allowed me to create a report that met my Management's End of Month Report Requirements in less than ten minutes. It decreased end of month preparation time from a day and a half to under two hours."
- Chris Perkins, Accounting Manager, Thermo Fisher EID
