Chicago ? In an effort to collect receivables more efficiently, gain a clear picture of open deductions and eliminate invalid deductions, Indianapolis-based Delta Faucet has selected 9ci Inc.?s Deduction & Collection System (DCS). The implementation marks an expansion of the relationship between the two companies, as Delta has been successfully using 9ci?s CashApply System (CAS) for the past year to simplify its daily cash process delivering a significant return on investment.
Delta relies on 9ci?s solutions to provide automation and flexibility in collections & deductions control and automatic cash application that its JDEdwards (JDE) system does not provide. 9ci?s Web-based DCS module segregates deductions from outstanding invoices and provides a true asset value of receivables as well as a pure Days Sales Outstanding (DSO) statistic. The software tracks deduction resolution history, including the customer correspondence, internal investigation, collection/resolution, and reporting, and makes this data available to credit managers at a glance. What?s more, DCS facilitates seamless communication between the sales force, brokers, customers, and internal management.
?With 9ci?s Deduction & Collection System (DCS), we will be much more proactive in managing our accounts receivables,? says Carl McMaken, Corporate Credit Manager of Delta Faucet. ?DCS will help us meet our compliance and reporting requirements at the item, customer, and parent levels. It will also allow us to give back functionality to our analysts with proper approvals. We feel 9ci has worked with us to understand and meet our business needs, particularly in the deduction management area.?
“9ci’s systems will provide revolutionary work flow for managing Delta’s A/R.” says Joshua Burnett, President of 9ci, Inc. “By pairing our DCS system with our CashApply module; Delta will get an efficient, closed-loop management process. I’m confident that they will realize the same kind of return on investment as they have with our Cashapply module.”
