Avolent, Inc.

Description

Avolent's software solutions for eBilling and Cash Flow Optimization focus on automating and streamlining all financial interactions between a corporation and its customers, thereby providing better insight and control over how cash is collected and recognized. While many business processes have moved to the Internet, most financial transactions with customers such as invoice delivery, dispute management, collections, payment processing, and reconciliation (collectively known as the "invoice-to-cash cycle") largely remain a manual, paper-based process that is expensive, cumbersome, and difficult to forecast and control. The Gartner Group estimates that a typical supplier wastes roughly $6 million per year by completing financial transactions manually. Avolent's patent-pending technology eliminates much of these costs by leveraging the Internet to redefine and streamline financial transactions so that: A/R and Collections Managers can easily process disputes, payments, and reconcile online, using "straight through processing" to save millions per year and reduce DSO by 3-15 days Avolent's technology has proven to have a direct and immediate impact on the financial health of a company by reducing costs, improving cash flow, and adding as much as 1-2% margin through strategic use of trade terms.

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