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New Internet Based Solution Helps Business Owners Manage Credit & Receivables

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SOURCE: www.onsitecreditgroup.com

Onsite Credit Group’s collection software provides expert programming for small and medium sized businesses.

Toronto, Ontario (PRWEB) June 25, 2012

SimplyPaid, http://www.SimplyPaid.ca, today announced its North American launch, providing small and medium-sized business with a framework for credit and receivables management, helping them organize their processes and ensuring that they get paid on time.

The downturn in the economy has been difficult for business owners and many have cut back their staff in an effort to remain profitable – meaning they don’t have an in-house credit department or designated credit manager. Suppliers are also scaling back the trade credit they extend and are looking for faster payment from customers. Bankers are even more reluctant to lend in this economy meaning that cashflow is key to every business. That’s where SimplyPaid comes in.

SimplyPaid helps users manage receivables by importing customer information from their company’s existing invoicing program. Even businesses that invoice customers manually can use the solution. SimplyPaid runs a series of reports based on this information and provides the user with a framework for follow-up, ensuring the maximum effect and increasing collection amounts.

“In an economy where having a lean staff is becoming the norm, it’s important to have a solution like this to make people’s jobs easier, and less time consuming,” says Ian Fearon, President of SimplyPaid. Ian explains that, “simply by following the process and utilizing this solution, businesses can increase cashflow by 30 per cent. That means lower borrowing costs, improved profit margins and the opportunity to negotiate prompt payment discounts from suppliers. SimplyPaid is much more than collection software; it’s also an excellent training tool.”

Perfect for the small or medium sized business owner SimplyPaid simplifies the A/R process and is ideal for employees who are carrying out a number of job functions and don’t have hours to spend tracking the company’s receivables and past-due customers.

SimplyPaid makes the A/R process easy, generating follow-up emails that can be sent to customers automatically, helping to ensure that the proper procedure is followed, even by those who are not credit managers or extremely credit savvy. There is also an option to send reminders by fax or letter.

Users are provided with real time responses to the most often used reasons for nonpayment and receive automated reminders to follow up with customers if payment is not made. Reports are also generated to highlight operational issues that may be affecting cashflow.

SimplyPaid supports every major off the shelf software package (QuickBooks, Simply Accounting, and Access) as well as all CRM software (like SAP) and can be used on any platform that can access the internet. This includes smart phones, tablets, desktops and laptops. SimplyPaid is internet based, and does not need to be installed by the user, so it’s as portable as the business owner.

About SimplyPaid;

SimplyPaid is a product of Onsite Credit Group, a group of credit professionals that have been helping clients manage their largest financial asset, accounts receivable for the last five years. SimplyPaid is an internet based solution that integrates all of Onsite’s expertise into an easy to use tool for business owners and their staff.

Business owners can visit http://www.SimplyPaid.ca for more details and to calculate the amount of money they can save using SimplyPaid.

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