Cash management is becoming essential, and finance departments need tools capable of improving visibility of trade receivables. Today’s CFOs, credit managers and senior executives are looking for simple, fast and effective solutions to monitor collections, anticipate customer risks and automate financial reporting.
To learn more, read our guide: Credit Management.
With this in mind,ASTON AI has developed Aston Cash Collection. The platform automates strategic reporting on receivables and collections. Thanks to an intelligent reporting engine, companies can transform their financial data into immediately usable operational indicators.
Intelligent reporting to improve financial management
Reporting plays a central role in receivables management. Yet in many companies, reporting is still a manual process. Financial teams have to extract data, consolidate information and then pass on analyses to the various managers.
This organization is time-consuming. What’s more, it often limits team responsiveness.
With Aston Cash Collection, ASTON AI automates all reporting related to collections and receivables monitoring. This gives finance departments faster, more accurate visibility of their financial situation.
The platform allows you to track :
- the ageing scale,
- Top 10 customers,
- scoring and customer risk analysis,
- disputes,
- stimulus packages,
- the activity of collection teams,
- DSO,
- average delay,
- forecast cash receipts,
- sales trends,
- payment trends.
Thanks to this automation, teams save time and improve their financial management.
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Customized reporting for your organization
Unlike standard reporting tools, Aston Cash Collection adapts to each company’s organization.
Reports can be customized according to business needs. Users can also filter analyses by company, agency, portfolio or salesperson.
This flexibility enables finance departments to build a management environment that is truly adapted to their objectives.
In addition, reports can be programmed automatically. Users receive essential information on a daily, weekly, monthly or quarterly basis.
Reports are then e-mailed directly to the relevant profiles.
This automation improves the flow of information and greatly reduces manual tasks.
Business Case: a temporary employment agency optimizes its reporting
One ofASTON AI ‘s customers, specializing in temporary employment, required a separate aged trial balance for each of its agencies. Regional managers also needed a consolidated summary to improve their management.
Thanks toAston Cash Collection’s customized reporting engine, this organization was rapidly deployed.
The platform has made it possible to set up :
- aged scales by agency,
- data consolidation for regional managers,
- programmed automatic mailings,
- segmentation adapted to the group’s organization.
Result:
- significant time savings,
- better visibility of late payments,
- simplified regional management.
Business Case: automate reporting in the materials recycling sector
A second customer, a major player in the recycling of deconstruction materials, needed specific reporting for its sales and finance teams.
Each profile was to receive different analyses at different frequencies.
The collections department also wanted an optimized aged trial balance to improve the monitoring of outstanding receivables.
ASTON AI then set up :
- customized reports by business population,
- intelligent dispatch automation,
- better coordination between trade and finance,
- greater visibility of customer risks.
Thanks to Aston Cash Collection, the company has improved :
- monitoring receivables,
- the responsiveness of our teams,
- customer item management.
More than just a reporting tool
With Aston Cash Collection, reporting becomes a genuine strategic management tool.
The platform allows you to :
- centralize financial and operational information,
- automate follow-up tasks,
- reduce time spent on manual reporting,
- improve visibility on customer risks,
- speed up decision-making.
Each company can therefore build a management environment tailored to its own organization, business and collection strategy.
Thanks to ASTON AI, receivables data become real performance drivers for finance departments, credit managers and executives.
