Cforia Software today announces the creation of a European headquarters in London. Cforia continues expanding sales and support of global multi-national companies by hiring Industry veteran Matthew White. Matt will lead business development, services and support.
Cforia Software, Inc., is a world leading provider of Working Capital optimization software. Cforia’s disruptive technology platform improves the financial performance of global multi-national organizations. Cforia’s core focus is consolidating information across multiple invoice and billing systems, creating a single productivity platform that streamlines financial shared service operations.
Cforia.autonomy™, a completely new enterprise software suite for replacing traditional solutions for managing Order-to-Cash (OTC) Lifecycles and Accounts Receivable, has received global visibility as a leading provider for working capital solutions. Features include ERP System Aggregation, Cross-ERP Parent/Child Hierarchies, Collections Process Improvement, Global Credit Risk Visibility & Mitigation, Dispute Lifecycle Management, Customer On-Line Payment Portals for Self-Service and Capacity Driven Business Analytics which generate Actionable Workflow for global OTC resources.
Cforia has been helping multi-national enterprises with software and consulting expertise. Today Cforia manages over $300B in Accounts Receivable (A/R) turnover, in over 70 countries, across hundreds of different billing and ERP systems, languages and currencies.
Chris Caparon, Chief Operating Officer of Cforia said, “We are excited to have an industry leader like Matthew White leading our European operations. Matt comes to Cforia with a wealth of industry and financial solutions experience, which are a perfect fit to support our growth. Since releasing Cforia.autonomy™ we have experienced significant growth and expansion. Matt brings over a decade of experience optimizing order-to-cash performance with a variety of solutions like SAP, Oracle, PeopleSoft, JD Edward, Infor and Microsoft ERP systems. We are investing heavily globally to support new customer acquisition and our existing client base.”
Cforia.autonomy™ leverages the Cforia.connectSM Knowledgebase, a shared best practices website available to Cforia clients. Cforia uses these shared Operational Experiences and target gaps within their traditional enterprise requirements planning systems. Cforia.autonomy™ enables peer-to-peer knowledge sharing and collaboration to socialize best practice workflows, reports and analytics across the entire customer base.
Matthew White, head of European Operations said, “I am thrilled to be joining Cforia Software to support the expansion of our global Operations. I have worked in the order-to-cash market for many years and see that Cforia is game-changing technology in the OTC space. Imagine being able to control global cash flow from multiple ERP systems, across the planet, in minutes, without IT or consultants. Our industry has been waiting for a product like this.”
Cforia.autonomyTM also provides enhanced ability to dramatically reduce client-required IT resources, traditionally needed for aggregating and rationalizing complex/disparate system-of-record and system-of-engagement, needed for customer-to-cash processes across a global enterprise.
Cforia.autonomy™, combines order-to-cash Six-Sigma DMAIC (define, measure, analyze and improve) process disciplines with Cforia’s new Capacity Driven Headcount ManagementSM resource allocation analytics to accelerate the pace at which companies can achieve breakthroughs in key OTC financial metrics.
Cforia continues to expand its global client base and achieve significantly improved financial outcomes in reduced days-beyond-term/days-sales-outstanding, faster dispute resolutions cycle times, greater command and control of global working capital, zero order-to-cash headcount growth and improved customer relationships through better Customer facing Self-Service and Collaboration Portals.
Cforia.autonomy™ operates from two (2) highly efficient User-Interface (UI) productivity screens, significantly shortening new user on-boarding and time-to-productivity. Users have the ability to departmentally create prioritized work lists in minutes, without traditional IT or required Vendor support. Users are able to reprioritize global activity for Credit, Collections and Disputes teams, anywhere in the world, in just minutes.
Cforia.autonomy™ enables authorized users to rapidly model working capital outcomes and workloads by capacity, using Cforia’s Capacity Driven Headcount ManagementSM. Within minutes, management can reassign priorities by individual resources or shared services teams, by customer segmentation and appropriate treatment strategy. Users have the ability to measure how the global teams are performing against the new order-to-cash model and if the model is delivering expected results. If the results are not measuring up, the Cforia Capacity ModelingSM process has the ability to change priorities on-the-fly, in real-time.
About Cforia Software www.cforia.com
Cforia Software, Inc. (www.Cforia.com) is a global enterprise software provider, delivering industry leading working capital and accounts receivable (A/R) automation software. Over 240 enterprises in 70 countries are managing $300 billion in A/R turn-over with Cforia today. For sixteen years Cforia has delivered superior technology integrated with proprietary real-time data integration tools across complex and disparate ERP systems of record. Cforia.autonomy™, delivers enhanced versions of Capacity Driven Headcount ManagementSM, Cforia Collections SnapshotSM, Credit Risk Analytics, Order Management, Clean vs. Dirty ReceivablesSM, Multi-Languages/Currency, Global Parent/Child risk roll-up and multi-business unit solutions. The comprehensive Cforia.autonomy™ software suite maximizes order-to-cash performance through an enterprise software suite which includes Zero-Touch OTC LifecyclesSM, Credit Lifecycle Management, Strategic Collections Management, Deductions Collaboration Portals, and FTE Resource Optimization. Cforia.autonomy™ empowers Finance Departments to independently manage their order-to-cash workflows, electronic dunning correspondence, and credit and collections business logic and business analytics, without relying on an overburdened IT staff or expensive external resources.