Cforia Software Shares Insights on Deductions Impact on Working Capital in Q3 Credit Research Foundation (CRF) Business Journal and at CRF Open Forum
Cforia releases Order-to-Cash (OTC) Best Practices survey results from 230 customers in white paper focused on reducing Deduction/Dispute Resolution cycle times. A world leading provider of Order-to-Cash (OTC) and Accounts Receivable (A/R) Integration and Collaboration Automation Software, Cforia Software, LLC. will share findings from the recently released white paper published in the Credit Research Foundation’s (CRF) Q3 Business Journal at the CRF Credit & Accounts Receivable Open Forum, Monday, October 19th through Wednesday, October 21st in Ft. Lauderdale, FL. The article, authored by Cforia Software COO Chris Caparon, addresses the huge cost of Deductions in the U.S. today. “With the uncertain future of global credit markets as a ready source for working capital (and guaranteed costs), many companies are investigating the means to unlock working capital from receivables portfolios, by leveraging automation technology designed for order to cash optimization, an approach we heavily focus on with our clients,” says Chris Caparon. Cforia 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. View the complete agenda of the CRF Credit & Accounts Receivable Open Forum Credit Research Foundation & Cforia Software Cforia Software has been a Platinum Partner of the Credit Research Foundation since 2012 and has worked with the esteemed organization through a number of CRF-hosted forums both as speaker and exhibitor. 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,” says Caparon. CRF does a superb job of providing this cross-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 the membership.” About Credit Research Foundation (CRF) 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. Members in CRF include a large portion of Fortune 1000 corporations. CRF is able to provide the state-of-the-art practices and technology vital to organizations ranging in scope from the largest corporations to smaller businesses that provide and service Accounts Receivable (A/R) management functions. CRF provides a variety of member benefits that are designed to provide assistance with the real problems and challenges companies’ credit operations face on a daily basis. About Cforia Software 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.