The VirtualCreditController.eu uses a unique web-based software application that guarantees fully automatic credit control. It automatically compiles a file containing all relevant debtor documents and entails all parties concerned to perform and interact from the first day the invoice has been sent until actual payment.
The VirtualCreditController.eu uses the software application CashFlowByWeb = BillingByWeb + CollectingByWeb
BillingByWeb:
Once the invoice has been sent the traditional way or electronically and/or is entered in the system and sent off, the debtor is immediately prompted to digitally confirm receipt of the invoice and approve it. This crucial approval stage offers strong legal evidence avoiding debtors to dispute an invoice at a later stage. If the invoice is inaccurate, the debtor will have to notify the appropriate department in your company directly, so that corrections can be made. This will bounce back the DSO ratio drastically.
CollectingByWeb:
After its digital approval, every invoice will be monitored until payment is made. CollectingByWeb offers different possibilities on how to collect your receivables. You can enter various monitoring parameters allowing the system to send out reminder emails at moments of your choice, even during your holiday breaks. As a result, invoices are paid faster because debtors realise that they are seriously monitored. In addition you have the possibility to focus on other tasks such as a telephone calls in case debtors ignore the reminder emails.