WSoftSoftware To Launch Integrated Software Suite
matically applies the cash. For companies with more than one database/ERP system, the program provides a single source to apply cash. By increasing the efficiency of AR to apply cash, the company now has more time to do Credit and Collections in turn reducing a company’s days sales outstanding. The Disbursement Program increases a company’s options to make payments. Most systems allow for ACH and printing checks to a local printer. WSoftSoftware’s Dis- bursement program takes the payment information and allows companies to make payments not only by ACH and in house printing, but also allowing your bank to print and mail checks. The program also allows payments via credit card and eliminates intercompany disbursements. The program centralizes the credit and collection pro- cess into one program. The AR Collection program shows the user who is not paying their bills and allows the user to drill into that customer’s AR. This program displays who to call and the phone number. It allows the user to not only email your customer their statement but emails a copy of the invoice and signed bill of lading. “Now the customer has all the information to pay their bill,” said the software’s creator, Jim Williams. “In short, this software reduces the need for a large accounting staff, while increasing the accuracy and speed of the process.” For more information about the software and a biogra- phy of the creator, visit www.WSoftSoftware.com or email Jim Williams at Sales@WSoftSoftware.com
WSoftSoftware has announced the impending release of a single-source integrated software suite that can increase the accuracy of a company’s AP and AR processing and increase disbursement options from two to five. The soft- ware gives companies a quicker way to send customers not only statements but copies of invoices and signed bill of lading/delivery receipt. One of the largest independent corrugated companies in the U.S. has been using this software for over 15 years, and it is now ready to be released to the corrugated indus- try and the general public. The AutoAP program allows a company’s vendors to email or FTP their invoices, which then gets imported into the AutoAP Program. This program then performs a three- way match to verify a PO was entered, the product was received, and matches the vendor’s invoice. Unmatched invoices go on a daily exception report that gets emailed to the user who will be required to fix the exception. By reducing the time it takes to process a company’s AP, the company has more ability to negotiate better terms with the vendor. The Lockbox program reduces the time it takes to ap- ply cash. This program imports your bank’s lockbox file, matches the payment to the customer’s invoice, then auto-
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October 25, 2021
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