economic management and control of the treasury of companies have always been a necessity to guarantee the viability of SMEs. Even more so since the coronavirus health crisis impacted the world population and the financial and business framework of the entire planet.
According to a study by the consulting firm Ernst & Young, company bankruptcies are estimated to increase by 42% in 2022, due to the repayment terms of loans guaranteed by the State, in a macroeconomic context that is difficult to bear and which also continues to show signs of worsening. For this reason, it is essential that companies have intelligent management tools, advanced software that help them manage their treasury, avoid liquidity problems and guarantee the best investments of their available capital.
In this line, Agicap has launched two new applications, specially designed to reduce late payments from customers and simplify the management of payments to suppliers, called Agicap CashCollect and Agicap Payment. Thanks to these utilities, companies can now anticipate the impact of invoice payments on their future cash situations, anticipating upcoming scenarios that could be really critical for their development and with enough advantage to take optimized measures for each case. .
Kevin Sipin, Country Manager at Agicap Spain, states in this regard: “We are very pleased to bring these two new tools that meet the needs of simplicity, time savings and agility that companies are demanding. Both are the result of careful observation of the problems found in client companies and of an advanced R&D process by Agicap in order to offer them the best solution. Following this innovative technological contribution, our digital treasury management is now the most successful on the market, especially in terms of helping companies grow.”
The unique advantages of advanced software
To your treasury control and forecast program on a single platform, easier and faster to centralize cash flows, debt positions and forecasts to make the best business decisionsAgicap now adds two new software products.
The first of them, Agicap CashCollect, facilitates monitoring and detailed analysis of customer payments and accounts receivable. In addition, the program optimizes the “order to cash” cycle by reducing delinquencies and defaults and providing accurate monitoring of the company’s key performance indicators. Among its most notable benefits are real-time visibility into the status of customer invoices, automated reminders to free up time-consuming and low-value tasks, Days Sales Outstanding (DSO) optimization, and of course , the reduction of unpaid bills.
For its part, Agicap Payment It has been designed to simplify and speed up the collection, storage, verification and payment of supplier invoices and support automation. Thanks to the use of this utility, there is no need to enter data manually due to its OCR (invoice character recognition) functionality, and the grouped programming of payments presents real-time visibility of the status of supplier invoices and their expiration date.
