With the successful implementation of Wincollect, AAPT saw in immediate reduction in their Days Outstanding by 15 days. So successful was the implementation that the choice was made to roll it out to their entire Commercial RM divisions..
Wincollect was chosen because of its flexibility and its resulting ability to deal with the varied and complicated nature of our businesses, its price point and its proven track record of reliability.
The introduction of Wincollect to AAPTs collections has allowed the business to focus on fundamental roles critical to success:
- Cash Collections.
- Credit Risk Management.
- Accountability: Upstream in the business.
- Flexibility: enabling us to assess the commercial costs and benefits of the various credit roles and make adjustments to activities performed.
Accordingly this has resulted in:
- Improved DSO's: Reductions have been acheived across all divisions within the business. Since conversion DSO's have reduced on average by 15 days. As an example our wholesale unit moved from 48 days to 32 days.
- Improved Cashflow: On average we saw a $5.3m increase in receipts per month.
- Improved Operating Costs: operating costs reduced by 17%.
The successful implementation of Wincollect has greatly changed AAPTs business model and has allowed Credit & Collections to be a responsive and nimble business unit well able to meet the demands of an ever changing market.
Tasmanian Collection Service (TCS) is the largest debt collection and credit reference agency in Tasmania, Australia. It has been using the Wincollect Enterprise Suite products since 2009 to handle all aspects of their debt collection cycle.
TCS have 3 offices and over 30 staff using Wincollect, and by tuning the system to our processes we have been able to progressively streamline our operations whilst reducing overheads.
From an IT perspective, we have greatly valued the open access to the SQL database backend, which has provided us with the opportunity to create specific in-house process driven extensions to the product as needs arise. It has also allowed us to remain adaptive to our clients requirements, and comprehensively mine the data for our decision support needs.
We look forward to having Wincollect as a key part of our business model into the future.
With the successful implementation of Wincollect, Traffic Management Systems (TMT) saw an immediate reduction in their Days Outstanding by 20 days. So successful was the implementation that the choice was made to roll it out to their entire Commercial RM divisions..
Wincollect is a versatile solution that enables us to easily manage the different Business Streams we operate within the TMT group. Wincollect was chosen for its flexibiltiy and ease of use which enables quick reactions to a changing collection environment and its ability to deal with volumes. Amongst its strengths is its ability to be easily configured to different methodologies and collection, combined with its account segmentation capability and collector driven workflow options. Wincollect is an essential part of the TMT stable of software products.
TMT uses Wincollect to manage the following business streams within the Group.
South Africa Fine Recovery - Wincollect currently has over 1,8 million road users loaded with a total book of around R4.8 Billion. This grows with around 60,000 new accounts each month. The software's ability to easily be configured to different methodologies and collection regimes, combined with an account segmentation capability and collector driven workflows, has entrenched WinCollect as part of The TMT stable of software products.
Gauteng (South Africa) Tolling system - Wincollect is the software selected for the Gauteng (South Africa) Tolling System within the Violations Processing Centre. It has been configured to deal with all toll violators and runs as a bolt on package to the tolling system. Currently there are over 2 million accounts and approximately 4 million unique invoices (Violations) and growing. This toll project is the largest of its type worldwide and has been engineered to world class standards. Wincollect as a leader in recovery software, easily slots into its specific role and enhances the solution as a whole.
Wincollect Collections - Wincollect is the best collection software that I have encountered. As the CEO of one of the largest collection agencies in South Africa and now as an independant consultant to the credit and debt recovery industry, I have no hesitation in suggesting WinCollect as the tool of choice for a world class solution..
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