High Volume Solutions
Walker a best-of- breed provider of financial, operational and analytic applications, and Creditek Corporation, the industry leader in accounts receivable factoring management and best practices consulting, recently announced an alliance that will provide turnkey outsourcing for credit, accounts receivable and billing services, helping clients focus on core competencies while maximizing long-term performance.
Companies invest significant time and capital, managing lost receivables, up to $118,000 annually per credit and collection employee according to the Credit Research Foundation. Outsourcing the receivable function can dramatically reduce this investment. For example, one leading manufacturing company recently achieved a nearly 30% drop in aged receivables in just four months through outsourcing. By combining Walker's best of breed technology with Creditek's 18 years of consulting, outsourcing and project management experience with the Fortune 1000, companies will not only save resources but will be able to focus more on customers and less on activities that do not relate to the core business mission.
"Our goal at Walker is to deliver the best financial solutions available to clients," said the Director, Business Solutions Revenue Management, Walker. "Our alliance with Creditek provides our clients with a turnkey solution to their accounts receivable process and allows them to focus on their core business." Creditek's value added services include working capital and cash flow consulting, and full source outsourcing solutions for accounts receivable, credit and collections. Walker's Revenue Management solutions are comprised of the Tamaris Credit and Accounts Receivable (CARMS) and Billing applications.
Creditek's consultants will incorporate these solutions to create an accounts receivable outsourcing solution. Tamaris CARMS is a feature-rich high-volume solution that satisfies enterprise credit and customer management requirements through its ability to process high volumes of invoices, deductions, payments and customer activity. Flexible payment processing capabilities make remittance processing quick and accurate and provide up to the minute transaction linkage to financial statements. Tamaris Billing is a flexible and highly functional solution that allows invoice production in any format and media and features full authorization and tracking. Tamaris products minimize the need for manual intervention enabling significant cost reduction and its solutions feature on-line revenue recognition providing well managed, streamlined cash flows. "Creditek's consulting and outsourcing solutions combined with Walker's financial application solutions, which offer powerful tools to improve and manage accounts receivable performance, provides unprecedented client value in improving receivable performance," said the vice president, Corporate Marketing of Creditek. "This combination of outsourcing and best-of-breed Revenue Management applications will give our clients a competitive edge in their business." Creditek focuses their business on exploiting the world class technological capabilities of the Tamaris product and ultimately maximizing receivable performance for their clients. Walker's Tamaris Revenue Management products coupled with Creditek's outsourcing services provide unparalleled accounts receivable servicing while simultaneously giving clients financial control and visibility into their customer activity.
Account Receivables
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