Access Accounting keeps cash flowing as businesses face possible credit squeeze
Press Release - Monday, January 21, 2008
With the latest headlines firmly fixed on the credit crisis businesses could face increasingly restricted cash flows, according to Access Accounting. However, today’s release of its new credit control module is set to help organisations tighten their financial reins if the credit squeeze starts to bite.
John Beech, Managing Director for Access Accounting, commented, “If UK businesses see a slowdown in the market this year, additional financing will become harder and more expensive to obtain so why borrow money when you can take it from your debtor list for free?
“Businesses should look to unlock the cash within their organisation - and they can only do this if they have a firm grip on their debtor status. I find it surprising that Access Accounting is the only mid-range software house to have a dedicated credit control module within the core accounts solution. Cash flow is the lifeblood of any business; without it even profitable companies can struggle to fund growth and may actually go out of business if money runs out.”
The new module is the most effective way for businesses to reduce debtor days and improve cash flow. Part of the flagship solution, Access Dimensions, it delivers industry best practice and meets HMRC legislative requirements.
Until today, credit controllers have mainly worked from simple debtor reports using manual processes. With Access Dimensions’ new Credit Control module, up-to-date information is easily available from a single screen. Providing full control of the whole credit control process, the automated escalation of debts ensures they receive timely attention, resulting in fewer debt write-offs and improving cash flow as well as making the best use of staff resource. In addition, flexible workflow options ensure every department works from the same data, creating a consistent approach to credit control.
This latest release of Access Dimensions also incorporates Automated Bank Reconciliation, simplifying the reconciliation process and providing complete visibility of cash balances to further help organisations keep tighter control of their finances.
For more information on Access Accounting and its software solutions call 0845 3453300 or visit www.access-accounts.com.
Access.080121.HC.CreditControl
Notes to Editors:
Access Accounting is the UK’s leading business software house serving the mid-market. Its solutions have been chosen by over 10,000 UK companies - helping them to achieve business success.
A subsidiary of Access Technology Group Ltd, Access Accounting was the first UK vendor to recognise the potential of Windows and create a mid-range accounting platform based on this technology. Today it offers four scalable, web-enabled systems including its flagship solution, Access Dimensions. The company also offers Access Payroll, a combined payroll/personnel suite, which is fully compliant with the latest CIS regulations.
Access Accounting is a Microsoft Gold Certified Partner and a member of the Business Application Software Developers Association (BASDA). It has also received accreditation from major authorities including the Institute of Chartered Accountants in England and Wales (ICAEW) and the HM Revenue & Customs’ rigorous Payroll Standards Scheme. In 2007, the company won ’Financial Software Provider of the Year’ in the Real FD/CBI FDs’ Excellence Awards and ’Mid-range accounting Software Provider of the Year’ in the Sift Media Business Software Satisfaction Awards – both voted for by customers.
Media information:
Helen Carpenter
Head of Group PR
Access Accounting Ltd
T: 01206 322575 / 07833 936311
F: 01206 322956
E: helen.carpenter@access-accounts.com
W: www.access-accounts.com
