Cforia’s clients span the Engineering & Construction (E&C) market space as leaders in design, development, manufacturing and services for products as diverse as electro-magnetic equipment, motors, transducers, aircraft parts, heavy industrial equipment, facilities construction and maintenance, industrial and transatlantic pipe, offshore rigging and heavy hauling as well as vessel fabrication and specialty E&C services.

Many Cforia clients are engineering experts and operate under strict ISO 9001:2008, AS9100:2009 regulation guidelines and are certified FAA/EASA 145 repair providers, in addition to winning coveted Associated Builders and Contractors Excellence in Construction (EIC) Awards. Our clients provide many cross-functional and co-located support services and are ranked among the top industrial construction, engineering and maintenance service providers in the world.

Cforia brings over a decade of unmatched experience in providing solutions to help E&C companies optimize working capital, receivables collections, dispute/deductions management, global credit risk and ePayments, including MT940, EDI 820/823, ACH, EFT, BIA2 and Lockbox processing.

Cforia is a global enterprise software provider, delivering industry leading working capital and accounts receivable (AR) automation software. Over 200 enterprises are managing $240 billion in Accounts Receivable portfolios with Cforia today. Our fourteen years of success have been driven by superior technology integrated with proprietary real-time data integration tools across complex and disparate ERP systems. We help you achieve a single view into your client interactions and we are experts in legacy hardware and software environments including SAP, Oracle, JD Edwards, PeopleSoft, Microsoft Dynamics, QAD, Infor and AS/400 iSeries.

The Cforia Collections Snapshot℠, Credit Risk Analytics, Order Management, Clean vs. Dirty Receivables Tracking, Multi-Languages/Currency, Global Parent/Child Risk Roll-Up and Multi-Business Unit Solutions are available to E&C companies in either Cforia Hosted℠ or On-Premise delivery options.

Cforia’s comprehensive software suite for E&C companies maximizes Accounts Receivable performance and accelerates cash through a full software suite which includes OCR Auto Cash Application, Credit Provisioning/Decisioning/Risk Analytics, Collections Prioritization, Deductions/Dispute Management Workbench, Electronic Billing and Online Payments and A/R Collaboration and Client Portals. Cforia’s A/R Automation empowers Finance Departments to independently manage their own electronic dunning correspondence, reports and credit and collections business logic, without relying on your overburdened IT staff, vendor intervention or costly external consulting resources.

The Cforia Solution for Engineering & Construction Enterprises:

Build Shareholder Value: Cforia helps increase the bottom line with reduced days to pay, bad debt and chargebacks.
Cash Forecasting: Cforia ensures accurate predictions of cash flow and liquidity that helps a company further optimize assets by enabling strategic management of investments.
Real-Time Financial Controls: Cforia integrates seamlessly with the source accounting system to provide current data, not batched, for informed decision making.
Sarbanes-Oxley Compliance: Cforia makes it easier to track and report the necessary credit and receivables metrics, plus segregate responsibilities such as credit coding and approval.
Metrics: Cforia provides information to enable Root-Cause Analysis of slow pays, short pays, chargebacks and other receivables issues to develop business process improvements.
One-Click Sort: Cforia gives CFOs easy access to customer accounts, collector efficiency and company cash flow performance.
Rapid ROI: Cforia is easy to install, easy to implement and easy to use

Suggested Resources:

Why Cforia: Cforia Product & Solutions Overview

Financial Shared Services: Cforia Global Order to Cash Management