Cforia releases white paper in the Credit Research Foundation (CRF) Business Journal focused on the $34.4B to $171.1B cost of Deductions in the U.S. today.
Cforia Software, Inc., a world leading provider of Order-to-Cash (OTC) and Accounts Receivable (A/R) Integration and Collaboration Automation Software and Platinum Sponsor of both the NACM and CRF organizations, will be discussing new systems, processes and Best Practices Methodologies for managing Disputes, Deductions and Short Payments at the Transportation Revenue Management Group (TRMG) Fall Conference, Sunday, October 11th through October 13th in Colorado Springs, CO.
Using conservative Deductions averages and taking the United States Federal Reserve 2015 Q1 calculation for “Non-Financial Business; Trade Receivables; Assets” of $3.422 Trillion dollars, Deductions represents a $34.4B to $171.1B annual problem, in the U.S. alone.
Cforia’s Dispute Lifecycle and Collaboration Management Suite offers complete Order-to-Cash lifecycle systems targeting the compression of Dispute Resolution Cycles. These modules seamlessly interface with complex enterprise financial value chain systems (Quoting, Configuring, Sales Order Entry, Customer Warranty, Claims Management, Proof of Delivery, Imaging, Scanning, Fax, Telephony), and most ERPs and Legacy Code (e.g. IBM AS400 RPG, SAP, Oracle, Microsoft, Infor, JDE and others).
TRMG is a not-for-profit industry organization hosted by NACM Gulf States focused on providing a platform for information exchange primarily to the freight transportation industry and companies who supply products or services to the trucking/transportation/logistics management industries in the finance and accounting areas of credit, collections, dispute management, cash application and risk analytics.
Cforia is participating in the Scholarship Silent Auction sponsored by Associate Members. Scholarships have allowed hundreds of NACM Gulf States members the financial assistance to attend educational classes, conferences, seminars, workshops and Credit Congress. “Cforia proudly supports NACM Gulf States’ Transportation Revenue Management Group (TRMG), as the group provides valuable networking and educational events for the industry,” said Cforia Software COO, Chris Caparon.
“Cforia continues to work towards better serving our global Transportation and Logistics clients, continued Caparon. “They support all aspects of Truckload, Dedicated, Expedited, Medium-to-Long Haul, Regional and Local Van, Temperature Controlled and Global Intermodal as well as full Transportation and Logistics services.”
Cforia’s comprehensive software suite for Transportation and Logistics providers 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 Resolution Lifecycle Management, Electronic Billing and Online Payments, and A/R Collaboration and Client Portals.
About the Transportation Revenue Management Group (TRMG) – www.nacmgs.org
NACM Gulf States (National Association of Credit Management) is proud to host the Transportation Revenue Management Group (TRMG). NACMGS is a not-for-profit trade association dedicated to protecting the rights of business credit grantors to obtain historical, factual information customer payment history in order to prevent fraud and assure sound business financial health. NACMGS facilitates the legal exchange of trade payment histories and provides a safe, monitored environment for transportation credit and financial professionals to share knowledge between peers and industry experts, enhancing each member representative’s access to the tools & resources to make the best possible selling decision for their company.
About Cforia Software www.cforia.com
Cforia 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(SM) or 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 an overburdened IT staff and external resources.