We help finance departments to automate manual, paper-based accounts receivable processes and improve performance against key measures such as days sales outstanding (DSO), aged debt and cash flow.
At the same time you can meet rising customer service expectations and increased demand for paperless invoicing – all while reducing your operating costs.
All financial information at your fingertips
Our Columbus accounts receivable solutions work with your ERP and finance systems to reduce reliance on paper and manual effort.
A centralized content management hub provides online access to critical documents such as orders, invoices, contracts, reports and proofs of delivery (PODs) for your finance team and your customers. You can also replace manual data entry with automated updates, automatically prompt customers to make payments, and manage multi-channel delivery of all financial documents.
Macro 4 accounts receivable solutions
Our solutions are quick to implement and deliver process improvements throughout the accounts receivable cycle.
Sales order processing
Invoicing/billing
Credit management
Payment integration
Contract management
Benefits of Macro 4 accounts receivable solutions
Efficiency gains
Automate manual processes, drive out paper and release time for higher-value tasks
Cost savings
Reduce printing, mailing and document management costs by switching to digital delivery
Improved DSO, cash flow and profitability
Pre-empt payment queries and collect payments faster, at lower cost
Greater customer satisfaction and loyalty
Fulfill orders faster and provide better information to assist customers' accounts payable teams
Lower carbon footprint
Minimize printing and physical delivery of documents and their associated emissions
Flexible workload management
Handle workload peaks by providing online access for staff at multiple locations
Accounts receivable automation in action
Online PODs result in fewer unpaid invoices and improved cash flow
For a food distribution company, implementing a solution to allow online access to signed POD documents has delivered a reduction in unpaid invoices, faster resolution of queries – leading to faster payments and improved cash flow – and staff time savings.
The company is an intermediary that delivers produce from manufacturers to major retailers, so the manufacturers pay the company based on goods listed on signed PODs – and the retailers pay the manufacturers using the same information.
PODs are captured digitally, stored in Macro 4’s Columbus system and accessed through a secure web site where manufacturers, retailers and the company’s own billing team can check exactly what has been delivered. In addition to credit control, cash flow and productivity gains, the system has resulted in improved customer service and the renewal of lucrative retailer contracts.
Days sales outstanding fall to lowest level ever
The finance team at a recruitment company were concerned that invoices were often sent to customers several weeks late because they were spending time manually collating supporting documentation such as timesheets.
There were also delays responding to customer requests for copy invoices due to a lengthy process that involved downloading information from the company’s accounting system.
Now, invoices are available online and can be sent to customers by credit controllers with a single click from their Columbus accounts receivable solution. As a result, payment queries and copy invoice requests are turned around much faster.
Debtor days are at their lowest level ever, and the credit management team has started receiving bonuses for exceeding their debt recovery targets.
Why Macro 4?
Rapid implementation
With us you can transform your accounts receivable processes within weeks
Passion
Our whole ethos is about helping you achieve your business goals
15+ years of experience
We’ve implemented financial solutions across many different sectors and organization profiles
Enterprise scalability
Our software is used by some of the world’s largest organizations
Flexibility
Our modular design makes it easy to extend the scope of your solution over time
A global partner
We have local teams ready to support you, wherever you're based
Additional resources
Want to find out more about our accounts receivable solutions? Take a look at these useful resources.
Wolseley
Implementing a digital-first invoicing strategy
TNT
Swiftly delivering global eInvoicing for one of the world’s largest express delivery companies
Sales order processing
Reduce manual effort, minimize errors and eliminate order entry bottlenecks by turning paper orders into electronic documents that are processed automatically
eInvoicing
Eliminate the problems associated with handling paper and allows you to improve your finance processes by invoicing your customers digitally
Credit management
Bring together scanned PODs, correspondence and invoices for easy online access by credit management personnel and customers
Frequently asked questions (FAQ)
What are accounts receivable solutions?
Accounts receivable solutions are technology solutions that increase the efficiency of the accounts receivable function by automating manual processes and reducing the use of paper documents.
There are opportunities to make efficiency and cost savings throughout the accounts receivable cycle, for example by switching from paper invoices to eInvoicing, providing centralized access to documents that would otherwise be scattered across different systems, and linking related documentation such as contracts, orders, invoices and PODs.
What are the benefits of accounts receivable solutions?
Accounts receivable solutions deliver a range of benefits to an organization and its customers.
- For the organization, the benefits include increased efficiency, as finance teams can process customer orders more quickly, with minimal manual effort; and faster customer payments, which reduce DSO and improve cash flow. eInvoicing can deliver significant cost savings by eliminating the costs of paper and postage. Ultimately, accounts receivable solutions reduce financial overheads and increase profitability.
- For customers, a more streamlined ordering and invoicing process takes up less time, and simplifies the process of reviewing, approving and paying invoices. You can provide customers with financial data for upload into their ERP and purchasing systems, eliminating the need for manual data entry. Increasingly customers appreciate the benefits of digital-first processes and expect suppliers to offer eInvoicing as an alternative to printed invoices.
How do Macro 4’s accounts receivable solutions work with ERP systems and other financial systems?
Our accounts receivable solutions work with existing outputs from your ERP and accounting applications and feed information from financial documents and processes back into those systems. This reduces effort as finance teams no longer have to re-enter information into your systems – all data exchange happens automatically. And because we work with data and documents that you already produce – manipulating and processing the information as required – there is no need to make any changes to your other financial systems. This approach enables you to achieve major improvements within weeks rather than months.
Want to learn more?
Discover how our accounts receivable solutions can improve your financial performance and reduce costs.
Let's talk