I’ve been introduced to a lot of financial software, and I’ve never seen anything comparable to EleVia Electronic Invoicing
Minneapolis, MN (PRWEB)
May 18, 2017
By gaining more control over unbilled receivables with EleVia Electronic Invoicing software, national engineering leader TRC was able to reduce its Days Sales Outstanding (DSO) by 5 days in the first year of implementation. DSO is a calculation used by companies to gauge their Accounts Receivable (A/R) performance.
“We send out 7,000-8,000 client invoices a month,” said Dawn Dostie, TRC’s National Billing Manager. “We initially purchased EleVia Electronic Invoicing so our Billing department could quickly see the status of all those draft invoices in the review cycle. But we found the software also gave us the ability to better manage our unbilled Receivables. As a result, we reduced DSO by 5 days in the first year of implementing EleVia Electronic Invoicing,” Dostie explained.
“Because of the time savings with the automated process, we also increased productivity in our Billing Department by 20%, and were able to reduce staff by 16%,” Dostie said.
EleVia Electronic Invoicing is an add-on product for the Deltek Vision ERP system that notifies invoice approvers via email when they have draft invoices to review, and provides a link directly to the invoices, which approvers can mark-up electronically. The system tracks the status of all invoices and provides a dashboard of key financials by project.
“I’ve been introduced to a lot of financial software, and I’ve never seen anything comparable to EleVia Electronic Invoicing,” Dostie said. “Certainly, the fact that it integrates seamlessly with our ERP system, Deltek Vision, makes it valuable. But it’s more…