Tishman Speyer identified the accounts receivable process as a key area where technology could improve efficiency and provide a greater level of management visibility. Inadequate visibility into the status of debtor accounts resulted in two problems: users who had the relevant information had little ownership of, or responsibility for, the accounts receivable process and reduced effectiveness in debt collection.

solution

Open Box developed a portal-based Accounts Receivable system with a browser interface. Integrating with the back-office accounting system, the application automates large parts of the accounts receivable process.

Benefits

Improved management visibility into the accounts receivable function
Greater understanding of debtor account status and timely debt collection follow-ups
Integration with back-office accounting system
Improved Cash Collection Cycle
Customized, user-definable filtered views of accounts receivable data