SAN MATEO, CA – Aceva Technologies, Inc., a leading provider of enterprise software applications for revenue and receivables management, today announced that Network Appliance, a leading provider of enterprise network storage solutions, has deployed the Aceva Revenue and Receivables Management Suite for collections automation worldwide. The Aceva Revenue and Receivables Management Suite helps global corporations such as Network Appliance to minimize accounts receivable, reduce revenue leakage, and enhance customer satisfaction.
Network Appliance required a solution to scale its global collections management operations without having to dramatically increase headcount or sacrifice business control. By leveraging Aceva’s technology to automate cash forecasting, dispute resolution, and the collections process, Network Appliance is developing the processes and infrastructure to achieve improvements such as reductions in days sales outstanding (DSO) and improved working capital management.
“We are pleased that Aceva’s technology has fully delivered on the flexibility and functionality required to realize Network Appliance’s vision for global collections operations,” stated David Gondorf, Worldwide Credit and Collections Manager for Network Appliance. “Aceva’s vast capabilities allow us to bring best practice processes into our accounts receivable function so we have better visibility and control over collections processes worldwide.”
Robust Feature Set Addresses Global Requirements for Collections Management
Network Appliance selected Aceva’s technology for its deep functionality. These capabilities include:
- Strategic account segmentation
- Comprehensive receivables portfolio management
- Extensive collections automation
- Automated dispute management and resolution
- Flexible cash forecasting
- Robust reporting and analytics
- Comprehensive international capabilities
“Network Appliance’s implementation of Aceva’s technology underscores our vision of the vital role that revenue and receivables management solutions play in driving critical corporate objectives,” stated Sanjay Srivastava, COO of Aceva. “We are pleased that Network Appliance is already benefiting from Aceva’s technology, and we look forward to playing a key role in supporting the company in achieving its cost savings, process quality, and organizational productivity goals.”
About Aceva
Aceva Technologies is a leading provider of enterprise application software solutions for revenue and receivables management. Aceva’s solutions for order quality, dispute prevention, inventory transaction reconciliation, deductions management, collections management, and cash forecasting directly address quote-to-cash process breakdowns, quality issues, and automation requirements. Aceva’s products deliver end-to-end revenue and receivables visibility, continuous business policy monitoring, collections process automation and workflow, as well as comprehensive reporting and analytics. As a result, customers are able to optimize financial performance and working capital, improve operational excellence and customer satisfaction, and comply with internal controls and regulatory requirements.
Headquartered in San Mateo, California, Aceva’s customers include Honeywell, Sun Microsystems and Philips. For more details, visit www.aceva.com, send email to info@aceva.com or telephone 1-650-227-5500.
