Cforia Software Speaks on Technology for the Trade Credit Function at National Association of Credit Management Western Region (NACM) and Credit and Financial Development Division (CFDD) National Conference in Portland, OR
Cforia demonstrates Best Practices and Technology in Order-to-Cash processes as featured speaker at NACM Preferred Partners Panel.
A world leading provider of Order-to-Cash (OTC) and Accounts Receivable (A/R) Integration and Collaboration Automation Software, Cforia Software, Inc. will share insights from the recently released white paper published in the Credit Research Foundation (CRF) Business Journal at the conference hosted by NACM Oregon, Wednesday, October 14th through Friday, October 16th in Portland, OR. The article focuses on the huge cost of Deductions in the U.S. today.
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.
“We are very excited to continue our commitment and partnership with NACM as a Silver Sponsor and Exhibitor at the conference,” says Chris Caparon, COO at Cforia Software. “Many of our customers are NACM associates and they always find the NACM events a great opportunity to reconnect and share new ideas with industry peers. We continue to hear that finance information environments are more challenging than ever, especially with increased departmental demands, internal audit, external regulatory requirements, mergers and acquisitions.”
“As we expand our customer base across the globe, our partnerships with accredited, nationally recognized credit groups such as NACM, become more and more crucial to our growth,” continues Caparon. “So many of our current customers rely on NACM for educational purposes and networking events. Our involvement and their support has proven to be a very beneficial ingredient for our customers and for us.”
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.
About National Association of Credit Management Oregon nacmoregon.org
NACM Oregon is the premier resource for business credit services. We have been helping credit managers succeed since 1896 by providing a comprehensive suite of products, services, and tools to thousands of businesses. We are committed to providing resources that help you improve your company’s financial success.
Credit and Financial Development Division (CFDD) nacm.org/welcome-to-cfdd
CFDD Chapter is a group of credit professionals organized with a focus on education, networking and professional support for employees of member firms of the National Association of Credit Management. Membership enhances professional status while promoting attainment of educational goals, business contacts, networking opportunities and leadership development.
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.