Solutions by Industry
An algorithm that automates payment collection reminders to customers through personalized interactions
Kapittx ensures streamlining of daily payment collection efforts by taking all invoices and supporting documents and presenting then to right customer contacts before their due dates.
Accounts receivable specialists are able to save hours of their time per day, enabling them to do more than just handle invoices, calling and following up clients to remind them of their balances, and more
Advances in technology and regulation have changed customer preferences and created a demand for customized services, more convenience, and faster delivery. Paper invoicing and supporting documentation further delays the order to cash cycle. KapittX helps solve the AR challenges with relevant solutions that make it easier for customers to pay on time.
Reconciliation continues to be one of the key operational processes for FMCG companies supplying Modern retail and e-commerce companies. If done well and on time, it helps collect payment faster. With thousands of line items to reconcile daily, for many FMCG companies, it takes weeks or maybe more than a month to reconcile Goods Received Notes (GRNs), payment advice, customer ledgers with invoice quantity, unit rate, leading to delayed payments, manual errors or at times write-offs. With Kapittx you can reconcile in minutes. Kapittx will enable your team to focus on those GRNs or invoices that really matters leading to significant gains in collection efficiency and customer satisfaction.
IT & ITeS
Software companies often have project billing needs with specific supporting documentation and approval from various customer stakeholders. KapittX allows you to present your supporting documentation alongwith the invoice for faster approvals. This helps realizing cash on time.
Wholesale & Distribution
Cash flow plays a critical role in the success of any business. Many times wholesalers/distributors act as the financing intermediary between manufacturers and retailers. Added to that are day-to-day practical challenges like disputes, returns, mismatches etc. Many receipts are ‘on account’ making reconciliation with outstanding invoices a big challenge. KapittX with its superior fund application module helps your accounts department optimize their time.
Logistics & Transportation
This sector is critically dependent on efficient collection of receivables as most suppliers have to be paid upfront while chasing customers for outstanding invoices. KapittX with its automated reminder feature allows you to focus on your core business by reducing time spent on receivable tracking.
Mostly all accounts are prioritized by using the ageing buckets and 25% of the collections’ team’s time is spent on preceding accounts in order rather than building relationships with the customer.
Kapittx uses intelligence to build the prioritization of your customers, as a solution Kapittx has built a comprehensive dashboard which shows you the accounts that need follow-ups.
Having limited resources and visibility of the updates or changes in the collection pipeline, makes it really difficult for you to see your cash-flow forecast for the upcoming week/month/year which leaves you ill-equipped to make financial decisions for the health of your company.
You can now use Kapittx Analytics and dashboard to clearly view your processes on the sales and collections front. It allows you to keep a trail of all the changes in the collections pipeline in real-time which helps you plan your week/month/year better with good strategies to grow your business.
Is tracking email difficult for you as well? Trying to make out who is doing what in the entire organization through mail trails and spreadsheets isn’t easy and far-off from being efficient.
Kapittx has found a way around to turn your manual effort into a single click job. Using the Kapittx CRM dashboard, you can coordinate with the stakeholders, map your customers to the responsible account manager, and resolve all the disputes raised on a particular invoice at an internal level.
We are 24/7 available
Let’s talk business or just have a coffee.
We would love to hear from you.