Stock Building Supply Selects eCredit Enterprise Edition to Manage Collections Operations

DEDHAM, MA and RALEIGH, NC – eCredit, a leading provider of online software for credit and collections professionals, today announced that Stock Building Supply, the US’s largest supplier of building materials to professional home builders, has selected eCredit Enterprise Edition to manage collections processes. Replacing an existing manual paper-based system that no longer adequately serves Stock’s growing customer base, eCredit will be used by over 100 collectors in locations throughout the US.

“eCredit Enterprise Edition presented the ideal solution for driving our collections operations, which are highly decentralized and spread out over 200+ locations in 28 states,” said Dan O’Neill, Corporate Director of Credit, Stock Building Supply. “Our business is growing rapidly and eCredit’s centralized collections data coupled with its easily configurable workflow tools will create efficiencies where we most need them.”

In addition to deploying the solution across multiple locations to increase operational efficiencies, Stock Building Supply will also use eCredit Collections Enterprise Edition to lower DSO, by providing the collectors with tools to more effectively determine where best to direct their efforts and to bring in more cash, faster.

“We are enthusiastic about the benefits we will gain from using eCredit,” continued O’Neill. “By prioritizing customers and tasks in a daily work queue, eCredit lets our collectors be more strategic about collecting cash, improving our financial health, lowering DSO and reducing bad debt.”

“Companies like Stock, who are experiencing rapid geographic expansion and growth in number of accounts, continue to find eCredit Enterprise Edition the most appropriate solution,” said Jeff Dickerson, eCredit President and CEO. “eCredit will provide Stock’s collections team the tools it needs to create value across the entire organization and the web-based nature of the application means it will be simple to add more users. We are very excited that Stock has selected eCredit to support their collections operations as they continue to grow.”