ARMAC
ARMAC: Accounts Receivables Monitoring & Control
ARMAC stands for Accounts Receivables Monitoring and Control System, a specialised software designed to optimise and automate accounts receivable management.
This system aids businesses in maintaining a healthy cash flow by ensuring the timely collection of receivables, crucial for funding working capital, seizing short-term opportunities, and mitigating risks.
- Streamlines the collection of accounts receivables to enhance cash flow.
- Integrates with existing ERP systems to synchronize ARMAC's AR data on daily basis.
- Provides a dashboard with detailed KPIs for AR process effectiveness.
- Facilitates proactive follow-up actions with automated reminders and templates.
Features
- Senior Management Dashboard: High-level view with drill-down capabilities, offering key AR KPIs like DSO, collection targets, and efficiency.
- Automated Target Assignment: Assigns collection targets automatically up to the customer level.
- Efficient Follow-up System: Automated email templates and reminders for outstanding invoices and payment due dates.
- Cash Flow Projections: Tools for forecasting and managing expected cash inflows.
- Comprehensive AR Analysis: Dashboards and aged outstanding analysis for AR management and supervisors.
- User-Friendly Interface for Collection Staff: Actionable dashboards, strategic planning tools, and follow-up scripts for effective collection.
- Document Management: Enables documentation of communication and quick creation of minutes of the meeting post-calls.
- Credit Risk Monitoring: Automated periodic monitoring of Credit Risk rating to enable taking informed decision for further business with high-risk Sundry Debtors
Coverage
- Working Capital Management: ARMAC is essential for businesses looking to optimise their working capital without relying on costly financial institution funding.
- AR Process Efficiency: Ideal for companies seeking to improve the efficiency of their AR processes with actionable insights.
- Risk Mitigation: Useful for organisations aiming to reduce financial risk by ensuring consistent cash flow.
- Opportunity Investment: Supports businesses in maintaining liquidity to capitalise on short-term investment opportunities.
- Financial Reporting: Ensures accurate financial reports by providing up-to-date receivables data.
Benefits
Improved Cash Flow
Enhances the business's cash position by ensuring on-time AR collection.
Cost Reduction
Cuts down the costs associated with delayed receivables and reduces dependency on external funding.
Productivity Increase
Automates routine tasks, allowing staff to focus on critical collection activities.
Data-Driven Decisions
Provides robust data analysis for better decision-making in AR management.