AR Collections Management Software
Improve cash flow and productivity with our smarter collections management solution to lower your DSO!
A Collection Management Portal for Everyone
OAN Collections Portal provides a unified workspace for your Credit, Customer Service and Accounts Receivable teams to review all your customer activity. Valuable information such as Open Sales orders, Open AR invoices and Customer payment activity is at your fingertips facilitating communication with your customers. In addition, all internal communication regarding a customer or transaction, as well as external communication with your customers is housed in one place. A configurable dashboard allows you to see your top KPI(s) by collector, operating or business unit.
Lower your Days Sales Outstanding (DSO) which is a key metric used by accounts receivable collection managers to measure the average number of days it takes for a company to collect payment after a sale has been made. A lower DSO indicates that a company is collecting payments more quickly, while a higher DSO suggests longer collection times.
Reducing the risk of bad debts by monitoring accounts closely and addressing overdue invoices promptly, organizations can prevent small issues from escalating into significant financial losses. Early intervention in collection efforts can also minimize write-offs and preserve profitability. This proactive approach ensures that fewer resources are spent on collections and more can be focused on growth and other strategic initiatives.
The OAN Accounts Receivable Collection Management solution features pre-packaged modules, industry-specific best practices, and deployment capabilities. Fully integrated with your ERP system, our solution minimizes the need for internal IT support and streamlines the process for customers
Benefits
- Support: You have access to oAppsNET’s Oracle collection experts to design, implement and support your collections process. In addition, twice a year we evaluate your company’s collections efficiency and provide suggestions to further improve the process.
- Simplify: One place for all your teams (Credit, Customer Service and AR) to manage and review all collection activities including open sales orders, open AR invoices, customer payment activity, customer dispute tracking and customer communication.
- Automate: Send reminders to your customers for timely payments using pre-configurable email templates.
- Accuracy: Accurate and timely review of a customer’s open invoices, open credits and open sales orders allows for improved relationships with customers.
- Integration: Prebuilt Oracle EBS & Fusion Integrations so the project starts in weeks not months and there is no burden on the internal IT teams.
- Reduce Costs: Lower overall AR internal and support costs
- Visibility: Dashboards to manage and drill down into all your customers credit and cash positions.
- Audit Trails: Establish accountability
Speed Up Collections with our Actionable Dashboards
Gain valuable insights into your sales ledger with our actional dashboards, offering a comprehensive view both at the aggregate level and for individual customers. This enhanced visibility enables your teams to identify which customers need focused attention, allowing you to prioritize relationship-building efforts and streamline outreach processes for improved customer engagement.
Drill Into Individual Customer Details
oAppsNET’s Collections management software enhances team efficiency by offering detailed customer profiles, real-time data, and advanced segmentation. It provides customizable dashboards, detailed transaction histories, automated alerts, and integrated communication tools, enabling precise targeting and improved management of accounts for better collections outcomes.
Explore the benefits of Advanced Collections
Find out how OAN Collections Management can help you.
Call 303-478-5763 to schedule a demo with one of our senior team members or fill out our contact form to learn more.