PARSIPPANY, NJ – The GETPAID® Corporation, the leading provider of software solutions for working capital optimization, today announced that Tri-K Industries, a leading provider of specialty ingredients and technical expertise for the global cosmetic and personal-care marketplace, has selected GETPAID On Demand® to strategically manage accounts receivable.
“We were looking for a cost effective method of automating the management of our accounts receivable,” explains Joe Krasinski, Chief Financial Officer for Tri-K Industries. “The GETPAID On Demand solution offers us the benefits of automation technology without the capital expense and IT support requirements associated with licensing software. We are a medium sized but growing company, with GETPAID On Demand gives a company like ours a chance to use software we otherwise couldn’t afford. As a result, we can manage our growth by implementing strong controls for accounts receivable, with automation and strategic workflow.”
The On Demand or Software-as-a-Service (SaaS) model offers significant benefits for companies looking to minimize operating costs, increase competitiveness and focus on core competencies. The key advantages of using an On Demand solution are lower up front costs, a faster ROI, predictable ongoing expenses, ease of installation, automatic service upgrades, and reduced IT resource requirements. GETPAID On Demand addresses these concerns with unprecedented flexibility, scalability, and functionality offering a large selection of features and options, to satisfy the diverse requirements of the GETPAID customer base.
“Companies of all sizes are faced with requirements to improve cash flow and mitigate corporate risk while minimizing operational costs,” states Dianna Piumelli, CEO for The GETPAID Corporation. “However, many small-medium sized companies are unable to meet these challenges due to lack of capital, IT resources, infrastructure, and ongoing system support. As a result, we are seeing significant growth in our On Demand offering as organizations seek alternatives to traditional software licensing.”
GETPAID On Demand is an online subscription based service whereby companies can access the solution via the Internet to automate credit, collection and dispute management, without installing software. GETPAID is used by companies to strengthen financial and operational performance including reduction in DSO, increased productivity, reduced bad debt expense, and improved management of internal controls for Sarbanes-Oxley.
Key Benefits of GETPAID On Demand®:
- Flexible Configuration to Match Unique Business Requirement
- Easy to Learn, Simple to Use
- Low Risk Investment, Quick ROI
- Backed by Market Leaders with Over 18,500 GETPAID Users Worldwide
