Lyle Wallis CCE, VP of Credit Research Foundation and Cforia Software’s COO, Chris Caparon, will be presenting OTC Best Practices in FSSC environments.
Cforia Software, a world leading provider of Order to Cash (OTC) and Accounts Receivable (A/R) Integration and Collaboration Automation Software, will be the guest speaker in a webinar hosted by the Credit Research Foundation on Tuesday, June 23rd at 11am PST / 2pm EST.
Lyle Wallis, VP of Credit Research Foundation and Cforia’s COO and VP of Professional Services, Chris Caparon, will be discussing the topics of how Financial Shared Services have evolved and 2015 OTC Best Practices to help companies release working capital trapped in manual and redundant systems and processes.
This webinar will focus on the advantages “in-sourcing” versus outsourcing or the utilization of shared services providers (SSP’s) for delivering optimized OTC methodology and analytics within a local, national or international Financial Shared Service Center (FSSC) Environment.
Cforia and CRF will discuss the critical areas for building a successful SSO and FSSC operational entities to help companies optimize the acceleration of converting invoices into cash including; dispute and deductions resolution; credit provisioning, decisioning and risk analytics; cash application; internal FSSC collaboration portals and external client-facing FSSC portals; executive dashboards and working capital analytics to reduce days sales outstanding, reserve for bad debt balances and write-offs.
Specifically, the webinar will cover the Top Five Best Practices essential for unlocking working capital in Accounts Receivable:
- FTE allocation and efficiencies optimization
- Multiple ERP Best Practices
- 100% Accounts Receivable Portfolio touches every 30 Day cycle
- Disputes handling and collaboration with internal constituents
- Global Reporting and Parent/Child risk Roll-Up visibility
Cforia Software is a Platinum Partner of the Credit Research Foundation and has worked with the organization through a number of CRF-hosted forums both as a speaker and exhibitor. Most recently, Cforia participated in CRF’s March Forum as a speaker, presenting to CRF membership on the topic of the OTC Project Selection and Fast Time to value. The contents of this presentation were also published as a white paper in the quarterly CRF Journal. You can view and download a copy of this white paper here.
Credit Research Foundation & Cforia Software
Cforia Software has been a Platinum Partner of the Credit Research Foundation since 2012. With CRF being the foremost non-profit, member-supported, education and research organization dedicated to the credit and financial management community, the partnership has proven to be very beneficial for Cforia. “The world of accounts receivable and financial management is one that is always evolving and changing. In order to better serve our current customer base and work with new clients, it is crucial that we as a software company stay educated in understanding the challenges that our client’s face.” continued Chris Caparon, COO Cforia Software. ” CRF does a superb job of providing thiscross-industry platform for up-to-date education of CRF members, and Cforia is happy to both learn from and assist with sharing best practices with themembership,”
About Credit Research Foundation www.crfonline.org
The Credit Research Foundation is an independent, non-profit, member-run organization, consisting of a dynamic community of like-minded business professionals with a vested interest in improving and fostering the field of business-2-business credit while focusing on the practices and technologies of the discipline. CRF is the premiere industry advocate for the B2B credit community; the bridge in the customer financial relationship.Cforia Software is proud to sponsor CRF as part of their Platinum Partnership Program and offer valuable contributions to the membership community.
About Cforia Software www.cforia.com
Cforia (www.cforia.com) is a global enterprise software provider, delivering industry leading working capital and accounts receivable (A/R) automation software. Over 200 enterprises are managing $240 billion in run-rate A/R portfolios with Cforia today. Its fifteen years of success have been driven by superior technology integrated with proprietary real-time data integration tools across complex and disparate ERP systems. Cforia Collections Snapshot(SM), 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 in Hosted on On-Site delivery. The comprehensive Cforia software suite maximizes A/R performance through a full software suite which includes OCR Auto Cash Application, Credit, Collections and Deductions Management Workbench, Electronic Billing and Online Payments and A/R Collaboration Portal. 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 overburdened IT staff and external resources.