The Receivables Document Management (RDM) arena is rapidly emerging. Solutions are no longer focused on just document capture. RDM solutions are providing visibility to all necessary documents resulting in reduced Days Sales Outstanding. Companies utilizing RDM solutions are experiencing fewer calls to customer service and are able to increase customer satisfaction. In addition to cost reduction, RDM solutions create increased revenue opportunities by providing companies with needed information to cross-sell or up-sell. Vital customer data is an invaluable tool to finance managers and RDM technology can provide this information and much more.
PayStream’s analysts have uncovered a marketplace need for better information to understand targeted solutions and exactly how these solutions can automate and optimize order-to-cash cycles by lowering cost, increasing efficiency and reducing errors and exceptions.
PayStream research indicates that medium and large corporate decision makers are actively seeking solutions to streamline the order-to-cash processes and deliver a quick ROI. However, the lack of information on available solutions has left many of these decision makers in the dark. In an effort to shed some light on the emerging RDM landscape, PayStream is formulating a third quarter RDM report. PayStream is looking for experts in the field to update our analysts on emerging financial process improvements and insight on available RDM solutions.
If you’re an RDM expert PayStream wants to hear from you. Help fill the current need for RDM solution information. Contact one of PayStream’s analysts today to discuss the RDM market or to schedule a briefing of your company’s solution.