An efficient billing and cash management system ensures the life-blood of any business – cash - is leveraged most productively by the organization.
Datamatics Global Services offers services that help our clients manage their billing cycles efficiently. This involves identifying those who owe, raising the bill, follow-up, tallying amount received against bill amount, enforcing penalty clauses and maintaining proper accounting of the entire process. We help automate the entire process to make it more efficient and avoid revenue leakage on account of lapses in the billing process.
Online dashboards offer better visibility of cash-flow, which helps in making better investment decisions for the predicted cash inflow as per the timeline. Datamatics also sets up billing portals with automated email and text alerts and reminders that help improve bill collection. Online self-service bill management enabled on these portals allow regular customers of our clients to have visibility of their payables with the timeline, which improves the efficiency of bill collection.
- Enhanced cash management and utilization, with as much as 40% reduction in unapplied cash
- High levels of automation, with as much as 75% reduction in manual intervention
- Improved Working Capital Management and greater funds for strategic investments
- Better visibility of future cash in-flow enabling better investment decisions
- Avoid revenue leakages on account of errors and lapses in the billing process