If you currently use Oracle Accounts Receivable this may affect you.

Mokum have taken the pain away by creating an email solution that will allow you to reduce your print and postage costs, potential environmental impact and embrace the available technology.

Why not take this opportunity to reduce your postage costs, potential environmental impact and embrace the available technology.

Below are further details on the solution, if you are interested please contact the sales team on +44 (0) 207 536 9962 or  mokum@mokum.com

Many clients send tens of thousands AR paper documents each year. This method sometimes requires time-intensive, manual processing to deal with reprint requests, documents being lost in the mail or within the customer’s internal mail system, and increased customer service calls. Consequently you may be missing the opportunity to gain some operational improvements and strategic benefits through using electronic document processing.

In essence, the more effectively you send these documents the faster and more accurately these can be processed and payment received.

In the simplest form (i.e. sending customers their AR documents via email as a PDF attachment) the recognised advantages are considered to be:

Reduced Days Sales Outstanding (DSO)

E-invoicing specifically could help retrieve money more quickly from customers by reducing the amount of delivery time whilst the invoice is in the post. Statistics suggest the average DSO for a business is between 40 and 60 days. Businesses which use e-invoicing report a fall in their average DSO.

Reduced print and delivery cost

If documents are sent electronically, money can be saved on the cost of paper envelopes and postage. Furthermore, copy invoices could be emailed and there is no third party storage cost.

Reduced requirement for sending out copy documents

The direct delivery of customer facing documents to the customer’s inbox minimises the likelihood of them claiming they have not received them or that they must be lost in the post. Time delays are minimised, as copies can be resent and received by them immediately

Faster dispute resolution
The sooner the customer receives the document, the earlier they can raise any concerns they have about their account or the amount due.