BRYN MAWR, PA- July 7, 2005 - ezBackOfficeTM and A2 Resources have released their newly published white paper, "How to Realize Capital Improvements by Automating Your Collection Process," which addresses the challenges and critical factors needing consideration in order to successfully deploy a collection automation solution.
Co-authored by David Schmidt and George Sprenkle, this white paper provides comprehensive descriptions of the specific issues that finance executives face as they embark on making process improvements designed to accelerate their cash receipts.
This paper illustrates the benefits that arise from managing and improving:
- Collection Velocity. Reducing cycle time using dynamic collection strategies that are customized to your business and your customers
- Transaction Costs. Increasing visibility to your receivable information and applying specialized skill sets to collection tasks
- Portfolio Risk. Reducing your overall portfolio risk and past due exposure
- Sales Activity. Providing greater visibility into customer credit, focusing on your credit-worthy customers and spending less time on your higher risk accounts
- Financing Eligibility. Decreasing your rollover and increasing the collateral value of your receivables
- Regulatory Compliance. Documenting your invoice, deduction and risk management processes
- Customer Service. Building rapport with your customers, becoming proactive early in your collection process
"How to Realize Capital Improvements by Automating Your Collection Process" is available in PDF format on the ezBackOffice website at: www.ezbackoffice.com.
About David Schmidt
David Schmidt is an active principal at A2 Resources, a commercial credit consulting firm specializing in process improvement and cash flow optimization with a focus on software evaluation and consultation. Before founding the firm in 1994, David spent 17 years in the field of corporate credit management in a variety of roles. He began his commercial credit career in 1976 as a business analyst with Dun & Bradstreet after graduating from the University of Michigan.
As a thought leader in the credit and collection industry, more than 100 articles written by David have been published in a variety of business and trade publications. He is also a contributing editor for the Business Finance Magazine and the monthly newsletter, Credit Today, and writes a bi-monthly column for Collection Advisor Magazine. David is also a co-author of the seminal text on automating collections, "Power Collecting: Automation for Effective Asset Management." (1998, John Wiley & Sons, New York, NY).
A member of the Credit Research Foundation (CRF), the New York Credit & Financial Management Association (NYCFMA) and the National Association of Credit Management (NACM), David has served as director of his local NACM chapter and chairman of industry credit groups. He has also presented workshops and spoken at both local and national conferences.
About George Sprenkle
George Sprenkle is the Chief Executive Officer at ezBackOffice, an application software firm he co-founded in 2000. ezBackOffice specializes in innovative Web-based receivable management systems and solutions. George has more than 20 years of experience in the realm of finance and a strong international background that includes asset management and systems implementations.
More recently, George helped several start-up companies with their financial planning and infrastructure deployment. Previously he was CFO of Gentia Software, PLC, a multinational firm providing analytical applications to Fortune 1000 clients. He also worked at Unisys Corporation (and its predecessor, Burroughs), a $7.5 billion integrator of hardware and software systems, where he held key positions in their financial organizations.
George graduated from Temple University with an undergraduate degree in Business with a field of concentration in Accounting and Finance. He is a CPA and currently chairs the audit committee for Moro Corporation.
About A2 Resources
A2 Resources offers cost-effective, system-based solutions geared to increase your cash flow and minimize your bad debt. The company´s up-front solutions are designed to lessen your post-sale collection problems. Their back-end solutions help to dramatically expand your collections and deduction/exception processing capabilities to enhance cash flow while minimizing collection and bad debt expenses. The pro-active approach of A2 Resources to commercial receivables management helps you turn debts into dollars and delinquent accounts into paying customers.
ezBackOffice is an application software and services company offering innovative Web-based solutions, enabling Fortune 5000 companies to realize significant improvements in their back office operations. Our solutions are designed to benefit the medium-to-large size company. Our ezCash credit and collection solution empowers our clients to extract greater value from their accounts receivable operations, significantly lowering their operating expenses and accelerating their cash flow. ezBackOffice solutions are designed to run on MicrosoftTM (MSFT) WindowsTM 2000 and WindowsTM Server 2003 operating systems and easily interface with the industry leading ERP solutions from OracleTM (ORCL) and SAPTM (SAP).
For More Information Contact: