CreditForce: Intelligent Collections Management
We are pleased to announce that Plexus Law has decided to implement Innovation Software’s SRA RCAB (Residual Client Account Balance) management module. Designed for law firms, the software is highly efficient and effective, enabling firms to radically reduce the amount of time required to manage potential and actual residual balances, ensuring compliance.
The solution also includes a COFA dashboard that provides an overall picture as to the state of compliance, and instant interactive insights into potential flash-points.
Best-in-class features to optimise working capital
It's our business to increase your cashflow. We provide an end-to-end solution that focuses on cash generation, rapid query resolution and intelligent workflows. Your business will benefit from improved customer satisfaction, DSO reduction by 30% or more, and productivity gains of 50% plus.
Intelligent cash matching and input tools
We know that time is money. CreditForce provides unrivaled match rates using an intelligent automated cash allocation system that learns as you go, providing huge efficiency gains. Matches up to 96% of Customer Receipts against invoices automatically and reduces the time to do this by 75%.
Automatic updates from credit rating agencies
With real-time monitoring of your accounts, set accurate credit limits and get notified of any changes. Reduce bad debt exposure by ensuring automated compliance with terms and credit limits. Looks ahead to protect your business from unwanted surprises.
Interactive dashboard reporting and analysis
Make the complex simple with our cutting edge dashboard suite. Measure every A/R KPI to realise peak performance. Our BI and machine learning tools will help identify bottlenecks that are affecting your cash-flow, increase visibility across the business and help optimise productivity and profitability.
Financial Controller - Top 100 Law Firm
CreditForce is the most effective Collections Management System on the market today. It provides access to every element of information you might want about your Clients, WIP and associated Receivables.
Solutions that address Collections, Risk, Working Capital Management with Forecasting, Query, Dispute, Exposure Limit and Collections Target Management keeping a constant focus on Lock-up and DSO reduction.
Fully Integrated with the world's leading ERP and PMS including: Microsoft Dynamics AX, Aderant, Elite 3E, Galaxy, Lawsoft, Lewis Nexis, Microsoft Dynamics, Miles 33, SAP, SOS, Tikit Firmware.
With users in over 26 countries around the world, our software is trusted from Australia to America, Hong Kong to Venezuela.
You can expect a 50% improvement in your Collections Team's productivity, 30% reduction in WIP and Receivables levels and significant reduction in Bad Debts.
You can expect a 75% reduction in the time needed to match and allocate cash with the intelligent Auto Cash Allocation module.
Boasting the most powerful, user friendly dashboards and interface in the sector, Intuitively analyse your data to manage risk and prioritise the task lists relevant to each member of your organisation.
Comprehensive compliance tools ensures essential data about client matters is captured and letters of engagement are on file - 100% compliance with SRA regulations.
We provide an in depth range of consulting, training and support services to bring best practise to your collections process and optimise your debtor performance. Our UK-based support team know you by your name, not as a number.
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