Anytime Collect 2.0.4 Provides Automated Accounts Receivable and Collections Management for Business Credit and Collections Professionals

Jul 17, 2012, 17:08 ET from e2b teknologies

CHARDON, Ohio, July 17, 2012 /PRNewswire/ -- e2b teknologies released Anytime Collect version 2.0.4, the company's accounts receivables collection software. The new version provides additional automation to streamline and further automate routine accounts receivable and collections management activities such as sending reminder emails, statements, and past due notices.

Anytime Collect 2.0.4 allows companies to put their collection activities on auto-pilot. Alerts are used to automate email communication with customers when pre-determined events occur for each customer. For example, statements can be sent automatically on a periodic basis with a reminder letter days before the invoice is due if it has not yet been paid. This capability makes communications more efficient, freeing up credit and collections professionals to focus on phone calls for more urgent credit issues.

The latest version also allows companies to keep track of their worst collections offenders with broken promise tracking, providing critical insight into customer payment behavior.

"With the expanded adoption of our Anytime Collect product, our development team has leveraged customer feedback and real world scenarios to make our customers' collections activities easier," said Lynne Henslee, President of e2b teknologies. "The new features benefit not only our existing customers but it expands our opportunities for new license sales – especially for smaller companies with limited credit and collections staff who need this type of automation to reduce the order to cash payment cycle for their lean businesses."

Anytime Collect 2.0.4 provides other product improvements including:

  • The report system now includes user-defined calculations for customer-facing mail merge documents and reports allowing businesses to tailor their customer communications using dynamic customer account and invoice information.
  • Reason Codes field are no longer restricted to certain codes providing flexibility to track virtually any invoice related information.
  • Several inquiries have been expanded to include additional information for ad-hoc reporting and analysis for credit and collections Issues & Activities, Expected Payments, Customer Details, and Customer Invoices.
  • Several changes have been made to improve integration to various accounting and ERP business systems.

Anytime Collect 2.0.4 is a cloud-based accounts receivable credit and collections management system designed for B2B credit and collections management. It integrates to most popular accounting and ERP business systems helping companies reduce bad debt write-offs and days sales outstanding (DSO) with a return on investment in about two months.

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SOURCE e2b teknologies