Improving Collections Challenge:

Challenge to track status of receivables, remind customers and ensure timely collections

BiCXOSolution

• BiCXO has in-built collaboration tools where different stakeholders can update status of collections with expected timelines thus avoiding manual excel status updates.
• BiCXO tracks committed date and reminds employees responsible for collection based on commitment
• BiCXO integrates the expectation in to the cash flow projection thus driving accountability
• BiCXO sends automated reminders to customers with varying tones of emails based on days outstanding
• An integrated view of receivables with status helps management drive the collection program more effectively than before