Outcomes, not features
These are the improvements our clients typically report after moving to FRM 5 Series: real numbers from real receivables ledgers, not projections.
Reduced collection effort
Improved cashflow
Reduced reconciliation effort
Customer self-help
BASED ON REAL CLIENT RESULTS
Three ways OfficeTorque changes your month-end.
Accelerate cash flow
Interactive iBills with payment built in mean customers pay on or before the due date, so cash comes in sooner and your DSO reduces.
- Cash flow improved by an average of 20%
- DSO reduced between 39 and 61 days in real case studies
- Automated reminders follow up 100% of slow payers every month, so nothing slips through the net
Reduce operating costs
Automating most of the manual time consuming chasing, dispute resolution, reconciliation and reporting frees the credit team to focus on the higher value work.
- Collection effort reduced by 50–75%, reconciliation effort by around 60%
- 75–100% reduction in paper and postage as billing goes electronic
- Every on-line payment auto-matched to its invoice and reported via a daily PayFile, ready for matching in your ERP
Delight your customers
Customers get a self-service experience as easy as online shopping – view, pay, query and download from any device, 24/7, without picking up the phone and communicate via the channel they prefer..
- Up to 70% of customers self-serve through the secure portal
- Raise and resolve queries in a click, so disputes never quietly hold up payment
- Broken promises to pay reduced by up to 80%
Get paid sooner. Literally.
Unlock working capital tied up in receivables, reduce the cost of getting paid, and strengthen your cash flow. In just a few minutes, we’ll quantify the cash flow improvements and cost savings OfficeTorque could deliver to your business.