Have you ever walked into a meeting confident of your cash collection forecast, only to discover that the expected cash hasn’t arrived when it was due? Suddenly, you find yourself under pressure from the board for missed expectations, while your finance team is questioned for providing inaccurate reporting.
This isn’t an isolated experience — it reflects a widespread issue. Cash collection is still largely managed through outdated processes, relying on fragmented communication and the informal knowledge of credit controllers who must piece together information across multiple systems. This process can take days or even weeks for a single customer account, reducing credit controller efficiency, increasing pressure on finance managers and weakening overall financial control and visibility. Late payments have resulted in ‘14,000 businesses closing each year, equivalent to 38 businesses per day’1.
To address this, Presage allows the whole team to work from one unified platform, with specific dashboards for credit controllers, finance managers and CFO’s, helping organisations move from fragmented, manual processes to a cohesive, data-driven workflow.
With all invoice details, purchase order, sales order and receipts easily accessible in one place and stored for future use, credit controllers have a clear view on what steps need to be taken next. Finance managers have a complete overview of the cash collection process, enabling better prioritisation of workloads, clearer oversight of team activity and stronger forward planning.
From these data sets Presage can predict realistic due dates, shifting businesses from reactive guesswork to a dependable cash collection forecast. This ultimately empowers CFO’s with precise insight into when cash will be received, how long collection cycles are likely to take, and when proactive follow-ups should be initiated – enabling greater financial control across the business.
Presage is leading the way to reduce late payments and set businesses up for long term success.
