Kolleno
-Accounts Receivable Management: Spend less time managing your receivables. Enrol your clients and replace outdated manual processes with automated digital collection strategies and communications.
-Payments & Reconciliation: Provide your clients with multiple digital payment options (ACH, Credit Card, Open Banking) making it easier to complete payments and reconcile your books.
-Reporting & Analytics: Receive regular automated reports and analytics to fit your business needs and stay on top of your cash position.
-Credit Insights: Obtain proprietary customer ratings based on credit checks and engagement data to facilitate informed decision-making and optimize payment plans.
-Cash Flow Forecasting: Predict your future cash position based on current and historic payment data.
Kolleno
Kolleno
Meet Kolleno at stand FM.3060 on the 16-18 May 2023 at the ExCeL London when the co-located IFSEC, FIREX, Facilities Show and Safety & Health Expo events take place!
Product News
Kolleno on Forbes
Late payments are endemic: in the UK alone, more than half of small and medium-sized enterprises say customers setting their bills late is having a critical impact on their businesses - and more than 400,000 fear collapsing as a result. Yet coming up with solutions to the problem is difficult – other than the hard grind of manually chasing every bad debt.
Product News
Case Study - EPI Fire Protection & Seucurity
In 2020 EPI Fire Protection & Security partnered with Kolleno to solve the following challenges:
- Due to the nature of the industry EPI Fire Protection & Security was operating in it was necessary to decrease the Days Sales Outstanding (DSO6 in order to improve internal liquidity and to be able to rely on the steady and predictable cash flow.
- The staff was spending too many working hours monitoring the invoice payments dynamics, contacting the clients and following up.
- EPI Fire Protection & Security has outsourced the credit-control previously, however it was looking to bring this function in-house3 On the other, hand the company did not want to hire additional staff to perform this duty.
- EPI Fire Protection & Security knew that some months were better than the others, in terms of cash flow, however, it did not monitor the repayment reports.
Product News
Case Study - Zerem Electrical
In 2020, Zerem Electrical partnered with Kolleno to solve the following challenges:
- Due to the nature of the industry Zerem EleGtriGals was operating in, it was necessary to de-grease the Days Sales Outstanding (DSO) in order to improve internal liquidity and rely on steady and predictable cash flow.
- Staff were spending too many working hours monitoring invoice payments dynamics, contacting clients, and following up.
- Some staff were demotivated to send payment reminders, as they were afraid to ruin great customer relationships they have nurtured.Zerem EleGtriGal outsourced the credit-control previously, but was looking to bring this function in-house. However, the company did not want to hire additional staff to perform this duty.
- The turnover was growing, which would lead to more errors in the invoicing because they were prepared manually.
![[Facilities] What To Do When Customers Are Not Paying On Time](/r0th_S-file134863.jpg)
