Collect-IT Overview Video

AR Management & Credit Collections Software

Watch this short overview of the features in Collect-IT software.  Collect-IT is accounts receivable and credit collections software that helps you manage AR more effectively and collect on customer invoices so you get paid faster. It reduces the AR collections cycle with features like automated workflow, programmed messages, detailed task lists, and calendar management. More on Collect-IT »

Written Video Summary

Slide 1: Collect-IT by Dynavistics is an accounts receivable and collections management software that is designed to help you get paid faster and answer the question, “Where is my money?” Slide 2: So why is this important to you? Profitable businesses can go bankrupt.  Just because your income statement shows a profit, your company can still be at risk. If you wait until 90 days to start collecting you have already lost 26% of your receivables. After 9 months, 90% of invoices are uncollectable. So good collections management is crucial. Slide 3: So why is this so hard for you to collect receivables and ensure a positive cash flow? The standard features in most ERP systems can’t answer the following important questions: “Is ABC Company paying on time? If not, when did they say they would pay? Did they pay when they said they would?” In many cases collectors don’t have repeatable processes so collections efforts are more reactive than proactive. There’s no easy way for them to stay on top of what next steps should be taken and when Correspondence has to be created and manually sent for each touch point Management has no visibility into what actions have been taken to attempt to collect or how much effort has been made These problems lead to excessive costs and bad debt. Slide 4: How does Collect-IT Help? Your ERP Accounts Receivable data is integrated and leveraged so Collect-IT acts as an extension of your ERP’s Accounts Receivable module Customizable strategies can be set up including action statuses, performance tracking, and on demand call list development. Automated workflows minimize collections time through programmed email messages, detailed task lists, and an up-to-date calendar. Detailed reporting gives visibility into what actions have been taken and identify risk areas for bad debt. The end result is reduced costs, increased cash flow, and less bad debt. Slide 5: Here are a just couple screen shots to give an idea of how it works. Users can view their tasks in a list or calendar view so they know which action items need to be taken. A dashboard view with drill-down provides accurate, real-time information on collections status. More on Collect-IT »