Companies such as ADP and EDS have demonstrated the effectiveness of contracting out payroll and computer operations for a great number of businesses.
Today, the effectiveness of outsourcing can be applied to many non-core functions within a company. The receivable function meets all of the criteria of a non-core function that can be better handled by an outside provider. ROM is such a provider.
With today's technology, ROM becomes a seamless A/R department within your financial structure. Through integrated data systems, ROM obtains your slow paying account information and processes these accounts rapidly and effectively towards resolution. With ROM's state of the art computer and communication systems, we provide you with the end result you desire: increased cash flow, lower costs, more satisfied customers, and better and more detailed information, enabling you to manage your department more effectively.
Let us show you how ROM can help you focus on what you do best.
Accounts Receivable Outsourcing
Outsourcing the receivable function relieves you of the day-to-day need to oversee a process that is better done by someone who's total focus is just that. Outsourcing isn't new. As mentioned above, companies such as ADP and EDS have shown why outsourcing non-core functions provides companies with immediate accesses to world-class capabilities. By using an "outsourcer", you immediately gain access to state of the art technology, up to the minute advances within their specialty, and flexibility to deal with technology, all for less cost then if you tried to obtain the same level of performance internally. All without the headaches of running a day-to-day department.
Outsourcing has evolved from strictly a cost savings option into a strategic management tool. Companies, through outsourcing, can become world class entities. They are no longer limited to their own resources. With the right outsourcing partners, you become capable of competing with the best.
Through our outsourcing program, you can receive whatever level of support you need, when you need it most. We have the expertise, technology and desire to help you manage your receivables. We contact your customers — in your name — with a proven customer service approach that not only speeds up the payment process, but improves customer satisfaction as well.
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Benefits: |
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Increase Cash Flow |
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Reduction In DSO (Days Sales Outstanding) |
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Immediate Access To World Class Capabilities |
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Reduction In Overall Costs |
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Identify And Address Billing & Customer Service Issues Faster And More Efficiently |
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Have Quality And Accurate Information |
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Increase Customer Retention |
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Identify & Implement Additional Selling Opportunities |
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Improve The Productivity Of Your Staff By Using ROM For: |
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Reminder Calls |
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Requests For Duplicate Invoices And Dispute Identification |
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Leaving Your Staff Free To Handle More Pressing Issues |
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Manage A Part Of Your Operation During Peak Periods |
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Assist Your Staff During An Acquisition, Merger Or Special Project |
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Clear Up Backlogged Past Due Accounts |
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Billing
We invoice your customers based on your guidelines and using your pre-determined invoice formats. You determine your statements cycles, choosing dates and intervals that meet your needs. We design cash collection processes that ensure immediate deposits in your bank so that your receivables are quickly closed. You benefit from accurate, up-to-the-minute information on the payment status of all your customers.
Consulting
We have the expertise to assist you in all areas of the accounts receivable function. We will perform a detailed, review of your billing, credit, collection and cash application processes. We will provide you with a comprehensive report and assist you in becoming the best you can be.
Customized Credit & Collection Policies
Our experienced staff will design and help you implement a formal credit and collections policy and procedures manual that will help you met the goals of your company. We will review your existing policy, procedures, processes, staff and systems capabilities to determine what changes need to take place to obtain the desired results. Our objective is to create workable policy and procedures that make sense and therefore are adhered to.
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