Managing Credit, Receivables & Collections

In spite of the many benefits to be gained by using auto-cash application software to expedite collection and deductions processes, MCRC’s new Credit & Collections Benchmarks & Analysis survey reveals that just one-third (34.2 percent) of respondents have such a system in place (see Table 1). That means fully 65.8 percent of responding credit pros are still applying cash manually, costing them in both time and accuracy since data-entry staff must key in each cash application individually.