Parsippany, NJ — The GETPAID® Corporation, a leading supplier of credit management software and services, announced today the selection of its products by Monsanto Company (NYSE:MON), a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality.
“Our product produces dramatic results,” states Dianna Piumelli, president and COO of The GETPAID Corporation. “By integrating GETPAID, Monsanto will be able to leverage their SAP system to increase the efficiency of their credit management processes.” Monsanto elected to implement the GETPAID Software product as part of its plan to reduce trade receivables as a percent of sales.
According to Piumelli, companies who implement GETPAID typically reduce their overdue receivables by twenty-five percent, reduce their DSO by ten to twenty percent, and significantly decrease outstanding disputes.
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