Aceva Technologies, a leading provider of enterprise applications for revenue and receivables management, today announced Aceva Receivables and Cash Management Suite version 6.0. Addressing the need for companies to better manage their working capital, version 6.0 combines advanced forecasting and search capabilities with full global support to ensure that users have the critical insight necessary to drive down days sales outstanding (DSO) and improve cash management ? two key metrics to increasing working capital performance. In addition, with complete localized support, the new release enables global companies to easily roll-out a working capital solution to its regional offices worldwide, while still maintaining enterprise-wide visibility and control.
“Being able to align execution with strategic intent is essential to working capital performance management,” said Sanjay Srivastava, chief operating officer of Aceva. “To that end, version 6.0 advances a company?s ability to blend historical data with forecasted outcomes to help drive execution that delivers on working capital goals.”
According to John Van Decker, senior vice president and principal research fellow with the Robert Francis Group, “Measuring and managing business-critical processes requires solutions that offer global oversight, predictive analytics for enhanced planning and forecasting, and the ability to align corporate strategy with advanced process automation. This requires applications focused on working capital performance to empower corporate finance departments to improve cash management and increase process effectiveness to reduce DSO and unlock working capital.”
New features that enable companies to optimize working capital on a global level include:
Advanced Forecasting Capabilities
- Forecasting based on a full range of metrics and values
- Ability to append supporting documents and attachments to forecast
Powerful Search Algorithms
- Search on reference data that is linked to accounts and underlying documents
- Protection of account and document fields from being searched
- Multi-level search down to document line-item data
Fully Localized Product Support
- Localized user interface
- Local language billing statements
- Language specific documentation and correspondence management
Availability
Aceva Receivables and Cash Management Suite version 6.0 is available now. For more information, email info@aceva.com or (650) 227-5540.
