The software has over the last 12 months revolutionised the way organisations apply their cash receipts.
What is generally a manual, long winded and rather dreary process that "gets in the way" of doing the real business of collecting unpaid debt, Alloc8 now enables up to 90% automation from receipt (BACS/Cheques, Faster Payments etc.) to allocation at invoice level within minutes.
Release 4 incorporates:
- web enabled technology - multiple secure access and visibility from anywhere within the organisation
- customer self service portal - allowing customers a view of their statements, copy invoices, payment committal and query raising
- new matching rules and algorithms providing allocation to invoice level and keying to sales ledger within minutes of receipt
- full dashboard and performance monitor - cash forecasting
- early warning indicators of customers who may be straying from their regular payment patterns
The non-invasive system integrates with all leading bank and erp systems and is flexible for multiple instances of these within organisations with legacy systems or on the fast path to acquisition allowing resources to be diverted to higher priority tasks.
The whole process of cash allocation now becomes an invisible, cost effective, highly efficient process.