The Company:
Major Parts Manufacturer and Distributor
The Issue:
Improve the identification of credit risks and collection opportunities
The Solution:
Vizion developed and implemented an advanced reporting and analytics engine. Visual tools (dashboards and scorecards) graphically illustrated key Accounts Receivable metrics that tracked:
* Aging
* Credit risks
* Collection opportunities
* Days to pay trending
When the client visually identified an issue or trend the solution enabled them to point-and-click for immediate access to relevant detailed reports capable of drilling drown all the way to invoice level information by account.
The Results:
Within six (6) months the client's days sales outstanding (DSO) was decreased by 1.5 days which resulted in a significant contribution to the company's bottom line