Streamline cash flow management and liability reporting
while improving decision making and staying compliant
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Accounts Receivable Software
Get a holistic view of your accounts receivables and complete visibility into the status of declined, outstanding, one-time, and recurring payments. By leveraging the accounts receivable solution, built on NewgenONE, you can conveniently access the customers’ information and details of their respective invoices. Enable your business users to capture any customer-stated reason for late submission of invoices and easily add a remark specifying the next committed payment date. Leverage the case management feature to dynamically create and assign tasks based on customers’ actions. Standardize all transactions while giving single-click access to collections’ information, sourced directly from core financial systems. Auto-segregate receivables, along with the supporting artefacts, based on aging; archives complete information into a centralized repository.
Accelerate Digital in Your Finance Function
Read this guidebook for CFOs to understand how you effectively leverage technology to modernize financial operations and deliver tangible results.Learn More
Collections and Dunning
- Auto assigning invoices to respective collection agent
- Detailed invoice analysis
- Options to hold/extend the payment period for the invoices based on customers’ request
- Auto classification/triggering of invoices
- Instant generation of collections summary
- Dynamic task assignment to users from different departments—insurance, legal, etc.
- Robust integration with third-party systems
- Easy-to-use self-service portal for customers/partners to submit onboarding requests
- Configurable business validation rules to avoid fraudulent requests
- Options for a customer to submit their update requests on the customer portal
- Dynamic routing of approvals
- Real-time integration with ERPs
- Exception handling and auditing
- Continuous monitoring and alerts
Streamlined contract management
Decreased process cycle times by 50%
Improved processing efficiency by 60%
We have compiled tools and documents to help you in your journey. Knowing that “what you see depends on where you stand,” we have something for you, as a line-of-business operations in-charge, an IT leader, or a C-level executive, for your industry-specific needs.
At this stage, you might find that the available technology/solution is going beyond your initial expectations in terms of scope. This is also the stage of building consensus among your peers for your industry-specific needs, whether you are a line-of-business operations in-charge, an IT leader, or a C-level executive.
This stage is all about looking beyond features and functions. After all, addressing just the immediate need can translate into “short term gain but long-term loss.” Invest in a technology that solves for your today’s needs and is extensible and configurable for your unknown future needs. As a line-of-business operations in-charge, an IT leader, or a C-level executive, you don’t want to go through the same process in another 2-3 years !
It all comes down to choosing the right partner. Their innovation history, industry focus, local presence, support services, partner ecosystem, technology strength, cost effectiveness, customer references, risk rating, and lot more needs to be evaluated. As a line-of-business operations in-charge, an IT leader, or a C-level executive, you are all evaluating them from your unique perspectives!
That feeling of achievement and relief after a successful, on-time, in-budget project is all what you look for. Believe us, the feeling is mutual. As a line-of-business operations in-charge, an IT leader, or a C-level executive, make sure you celebrate the milestone, recognize everyone who made the project successful, and identify your additional digital needs.
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