The A/R Reporting Challenge
Most A/R Departments and Executive Management teams require extensive reporting to effectively maintain proper internal controls and make adjustments to changing business conditions. The information that is presented in these reports helps management and collections staff determine whether current credit and collections policies and procedures are working, or what needs to be changed in order to more effectively collect outstanding receivables. Reporting is also key in prioritizing collection activities, isolating problem accounts and identifying outstanding balances that need to be collected. Most companies are currently reporting with manual methods that often entails gathering input in spreadsheets and consolidating data from there.
Create Customer Reports to Fit your Business Needs
The MI2 Report Writer eliminates the need for multiple spreadsheets and other manual tools, enabling users to significantly reduce the time it takes to create a report. Because the Report Writer sits on top of Cforia’s Credit and Collections Workbench, all of your credit and collections fields are available to report on from a single database. Each user has the ability to create multiple report templates that can be saved and generated at any point in time. Report columns and search filters are all highly customizable in order to support reporting at any level. The result is a streamlined, automated reporting process that increases visibility for both the user and management team.