British American Tobacco Selects GETPAID for Centralized Management of Credit Operation

Parsippany, NJ ? The GETPAID® Corporation, the leading provider of software and services for working capital optimization, has announced the selection of GETPAID 7i web-based order-to-cash solution by British American Tobacco Coordination Centre Belgium for streamlined processing and improved customer service.

“Our processes were predominantly manual causing us to seek a solution for improved management of data and resources,” explains Jean-Marie Jacobs, treasurer for British American Tobacco Co-ordination Centre Belgium. “As a result of integrating GETPAID with our existing ERP solutions, we can manage our customer information and data flow more efficiently, giving us increased visibility and the ability to deliver greater value to our customers.”

“We evaluated several different options and found that GETPAID offers the most technologically and functionally advanced solution for managing the credit and finance operation,” adds JM Jacobs.

The GETPAID solution will be integrated with SAP to support the British American Tobacco CC credit operation covering Belgium, France, Spain, Switzerland and the Netherlands. GETPAID will be used to drive standardization of credit collections across seven different business entities.

Key Benefits to British American Tobacco Co-ordination Centre Belgium :

• Ability to drive standardization across the entire credit operation.

• Increased visibility to portfolio with reporting, performance tracking, online effectiveness monitoring & cash forecasting.

• Faster customer response time with centralized access to data, streamlined processing and systematic treatment of accounts receivable.

• Formalize the collection processes.

“As corporations extend their global reach and seek cost advantages, corporate finance and treasury departments are centralizing operations. A key component is the availability of solutions such as GETPAID to support this deployment model,” explains Dianna Piumelli, CEO of The GETPAID Corporation. “By centralizing credit and collections, British American Tobacco Co-ordination Centre Belgium can leverage resources to improve operating efficiencies while standardizing policies and procedures across the enterprise. GETPAID is well suited for financial shared service centers, with the ability to configure each business unit separately, while leveraging a single instance of GETPAID.”