Automated Collections Management Engine

The Need:
To collect money in a more timely manner. Reduce the number of days your invoices are outstanding.

The Solution:
The Automated Collections Management Engine developed by Miles Technologies.

The Results:
Payments are received faster, cash flow is improved and your business runs better.

Does your company spend hours and hours every month in attempts to collect on past due invoices? Do you find that your efforts are unfocused, sporadic, inconsistent or ineffective? Miles Technologies can help by implementing the Automated Collections Management Engine that will enable your company to take control of your collection issues, automatically, saving your company valuable time while improving cash flow.

Let's face it. Collecting money is not a fun job. Yet, it is vital to your business' success. Do you really want to review invoices on a daily or weekly basis to determine what is past due and who needs to be contacted? This is a time consuming and mundane task for anyone, plus it's not cost effective to pay an employee to thumb through hundreds of invoices to figure out a plan of action for those that are past due.

In fact, I'll bet that you can determine an effective plan of action one time based on the number of days an invoice is past due and you could apply this same plan of action to the future as new invoices become past due. Why keep spending time on this thought process when you'll most likely make the same decisions over and over again. Wouldn't you like a system that knows which invoices are past due, knows how many days they are past due, and knows which communication to send to your customer based on the number of days? Well, it's all possible.

By implementing the Automated Collections Management Engine, you can devise as many collections campaigns as you see fit for your business. Therefore, you could have different campaigns for different types of customers. Each customer can be associated with a campaign type. After the campaigns are created and you associate the campaigns with your customers, the communications take place automatically, without having to think about who to call, when you last called, why you are calling, etc.

The Result:
Improved Cash Flow for Your Business.