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Description
Collections Management enables the automation of workflows tailored to individual customers, allowing for the centralization of accounts receivable and contact information. You can effectively target clients based on their balances, aging accounts, and additional criteria, while also emphasizing invoices that have been promised for payment. Moreover, it facilitates the tracking of customer interactions and necessary follow-up actions. Currently, nearly 3,200 clients are utilizing Collections Management, and we frequently encounter similar challenges faced by these customers in the debt collection process. These issues often include clients surpassing their payment deadlines, the time-consuming effort of pursuing overdue debts, and the overall burden of managing collections. By addressing these common obstacles, Collections Management seeks to streamline your collections procedure, enabling you to focus less on administrative tasks and more on enhancing cash flow for your business. In this article, we will outline the primary difficulties reported by customers and demonstrate how Collections Management can effectively address these challenges.
Description
Custom Plena bots are designed to execute a three-way match and identify duplicate entries efficiently. In addition, these bots can apply business rules to determine general ledger codes, calculate taxes, and extract crucial details from invoices. Accounts Receivable (AR) robots enhance the management of cash postings, analyze billing reports, and issue reminders for overdue invoices. The automation provided by a Plena robot makes payment collection simpler and more immediate than it has ever been. A tailored bot can be programmed to scrutinize incoming payments several times a day, making it particularly beneficial for accounts receivable teams dealing with net terms or outstanding invoices. Beyond this, AR robots are equipped to navigate even the most intricate billing procedures, accurately document receivables, and manage bad debt. Our robots take command of the keyboard, mouse, and screen on any computer to carry out tasks and make informed decisions by interacting with any application or file. This allows for the automation of entire processes from start to finish with minimal human involvement. Digital robots accomplish their tasks similarly to humans; however, they do so without errors and maintain peak efficiency continuously, thereby revolutionizing operational productivity. In essence, the future of automation lies in the seamless integration of these intelligent bots into everyday business functions.
API Access
Has API
No
API Access
Has API
No
Integrations
Microsoft Dynamics GP
Yes
Acumatica Cloud ERP
No
Microsoft Dynamics 365
Yes
NetSuite
No
QuickBooks Online
No
Integrations
Microsoft Dynamics GP
Yes
Acumatica Cloud ERP
Yes
Microsoft Dynamics 365
No
NetSuite
Yes
QuickBooks Online
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
No
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
Professional Advantage
Founded
1989
Country
United States
Website
www.professionaladvantage.com/products/collections-management
Vendor Details
Company Name
Plena
Founded
2018
Country
United States
Website
plena.io
Product Features
Accounts Receivable
ACH Payment Processing
No
Billing & Invoicing
No
Check Processing
No
Collections Management
Yes
Online Payment Processing
Yes
Overpayment Processing
No
Partial Payments
No
Receivables Ledger
No
Recurring Billing
Yes
Billing and Invoicing
Billing Portal
No
Contact Database
Yes
Contingency Billing
No
Customer Portal
No
Customizable Invoices
No
Dunning Management
No
Hourly Billing
No
Invoice History
No
Mobile Payments
No
Multi-Currency
Yes
Online Invoicing
No
Online Payments
No
Payment Processing
No
Project Billing
No
Recurring/Subscription Billing
No
Service Ticket Billing
No
Tax Calculator
No
Product Features
Accounts Payable
Approval Process Control
No
Bank Reconciliation
No
Cash Management
No
Check Writing
No
Duplicate Payment Alert
No
Fraud Detection
No
General Ledger Entry
No
Vendor Management
No
Accounts Receivable
ACH Payment Processing
No
Billing & Invoicing
No
Check Processing
No
Collections Management
No
Online Payment Processing
No
Overpayment Processing
No
Partial Payments
No
Receivables Ledger
No
Recurring Billing
No
Robotic Process Automation (RPA)
Analytics
No
Attended Automation
No
Code-free Development
No
Image Recognition
No
Optical Character Recognition
No
Process Builder
No
Third Party Application Integration
No
Unattended Automation
No