This case at a glance
| Client | Major IT services company |
|---|---|
| Challenge | Expected collection dates by payment method could not be managed together |
| What we did | New GRANDIT (web ERP) implementation, with receivables and collection dates in one view |
| Products | GRANDIT |
| Results | Collection dates managed in one place, with a clearer cash flow outlook |
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About the client
• Industry: Major IT services company
• Company overview: The client mainly provides network and IT infrastructure building, system development, and operation and maintenance services. -
Challenges
• Need to manage journal data and receivables data together
In standard GRANDIT, when accounts receivable are recorded, journal data (payment terms and amounts) and receivables data (expected collection dates) are managed separately. When there are several payment methods, it was difficult to keep each expected collection date together, and the client wanted to manage journal data and receivables data in an integrated way. -
Solution
• Visualizing accounts receivable including expected collection dates
To reflect expected collections for each payment method accurately and improve receivables management, we built a way to review outstanding receivables and expected collection dates together, based on journal data. -
Results
• More accurate management of due dates and receivables
A mechanism that manages the different expected collection dates for each payment method, such as cash and promissory notes, in one place has made due date management more efficient. This reduces trouble from late payments and the workload of collection reminders and greatly improves the accuracy of receivables management. With expected collections now clear, the client has also stabilized cash flow and speeded up management decisions.
