Summary:

The Problem

A/R costs grew rapidly when new payment options were introduced, induce customers to use new recurring, electronic payment channels, improve customer satisfaction while lowering payment process costs, reduce Days Sales Outstanding (DSO), increase automation ROI

The Solution

Conduct an automation assessment of accounts receivable process, document organizational metrics vs. industry standards, employ PayStream’s methodology and benchmarking data, exploit PayStream’s library of best practices across the industries,apply PayStream’s Payment Process Analysis(TM)

The Benefits

Streamline vendor vetting process and timeline, slash Days Sales Outstanding (DSO), improve financial flexibility with released working capital, enhance customer satisfaction with a Web-based environment, reduce A/R workload through self-service presentment and payables process.