BRYN MAWR, PA- April 3, 2001 - ezBackOffice, the application software
company, today announced the availability of ezCash release 2.0, a web-based collaborative
software solution that enables companies to collect their outstanding accounts receivable
faster and more efficiently.
ezCash, is an innovative application of web-technology that enables finance
organizations to accelerate cash flow by dramatically improving the accounts receivable
collection process. Company personnel can track collection efforts and share knowledge
about an account. Through this collaboration, coordinated actions facilitate faster
collections as well as improve customer relations. For example, before speaking with a
customer, Sales and Service personnel can remotely review account balances and plan steps
to resolve payment or customer satisfaction issues.
ezCash is valuable for any company with a large number of customers
or invoices, especially those that depend on data from multiple ERP and legacy systems
to help them collect their outstanding accounts receivable. Its collaborative design
enables people to see the entire outstanding accounts receivable position, age it and
analyze it to optimize collection efforts.
By reducing accounts receivable, typically measured in Days of Sales
Outstanding (DSO), our clients will increase cash available to the business and reduce
financing costs. We guarantee improved cash flow in 90 days!
Release 2.0 is built on the Microsoft technology platform.
This release is underpinned by a complete database design that incorporates the
business logic and rules necessary to track and collect outstanding accounts receivable.
Release 2.0 allows browser-based inquiry and update over a LAN / WAN and can operate
effectively on 56kb dial-up lines. Functionality includes visibility to Open Items, Aged
Open Items, and Cash Receipts for customers, collectors and client-facing personnel. It
also includes call tracking and follow-up assignment of actions necessary to resolve
outstanding accounts receivable issues.
ezBackOffice is an application software company that delivers
collaborative software solutions that address the business needs of the medium to
large-size company. Our web-based solutions help companies manage transaction volumes
while broadening accessibility to critical information.