Appvizer Top 5 best collection software : Aston AI Cash Collection
Many experts agree that late payment and non-payment are the number one cause of business failure. A problem not to be taken lightly!
Fortunately, this is not inevitable. With a solid accounts receivable follow-up and dunning process, there’s a good chance you’ll quickly recover what you owe.
But this is a time-consuming process, at a time when CFOs and other billing managers have other things to worry about. That’s why it’s a good idea to use
The question: how do you sort through all the software on the market?
The Appvizer website has selected 5 software products based on a precise list of criteria:
At the very least, a good collection software package must include certain essential functions.
The tools in this comparison generally include :
- seamless integration of your billing data,
- monitoring receivables and work-in-progress,
- dashboards to analyze various indicators, including DSO,
- automation of invoice dunning,
- personalization of these reminders messages, thanks in particular to the development of various scenarios,
- online payment, etc.
But as every company is different, due to its size, structure and the nature of its activities, some platforms go one step further.
For example, some of the software packages listed here will take into account :
- the Credit Managementdesigned, among other things, to reduce customer risk upstream of contract signature (analysis of potential weaknesses, scoring system, etc.);
- the needs of organizations operatinginternationally;
- or the dematerialization of the order to cash.
Our Aston Cash Collection platform is currently one of the top 5 platforms available on the collection market.
Appvizer’s review of Aston AI:
Aston AI is a complete dunning and collection platform. It promises to increase your cash flow by up to 50% and automate 80% of your invoice reminders.
Aimed at VSEs, SMEs, multinational ETIs and banks, it offers a range of pricing packages (and associated functionalities) to suit every profile.
Aston AI features and benefits
- Powerful dashboards. We particularly appreciate the dashboard section of the software, which allows you to observe :
- your performance and work-in-progress at different levels;
- various indicators such as your DSO, your aged trial balance, your sales, your disputes, etc. ;
- your cash flow forecast ;
- your customers’ predictive scores.
- Automated reminders. Save time with automated, personalized reminders. In just a few clicks, you can adapt your scenarios, mail or letter templates and customer portfolios.
- Features for multinationals. If you operate in a multinational company,
Aston AI takes into account different countries, currencies and languages. At the same time, it integrates with many accounting and ERP software packages. - Enhanced collaboration. Create workflows to :
- improve collaboration, particularly between finance and sales departments;
- ensure traceability of your actions.
- Online payment. Give your customers the option of paying their bills directly online (by SEPA direct debit, credit card or bank transfer)… and get paid faster!
- Credit insurance. You can take out credit insurance to cover the risk of unpaid invoices, and then manage it simply from the platform (e.g. claims reporting).
Aston AI promises to boost your cash flow and productivity. This is thanks in part to the power of its dashboards , which promise meticulous monitoring of a multitude of indicators, including your projected cash flow.
Special mention should also be made of its functionalities, which support the needs of large subsidiaries: multi-country, language and currency support, automated factoring and credit insurance, etc.
The icing on the cake: the platform offers a 30-day free, no-obligation trial.
Source : APPVIZER
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Crédit Management
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