Newly Launched Start-Up Brings Customized Credit and Collection Software To Help Small- to Mid-Sized Businesses Stay in Business

Online, November 30, 2010 (Newswire.com) - Small- and mid-sized businesses already deal with many challenges, but not getting paid for goods or services rendered should not be one of them.

"Often times smaller companies don't have the manpower to track every invoice and review every account to ensure their receivables are paid on time," said Bill Tanski, a credit and collection expert with over 25 years of experience in collections. "If small or mid-sized businesses don't get paid, they risk having operations severely impacted. Worst case, a company may go out of business because it can't collect money owed to them."

CashFlow Squared, Incorporated, a newly launched start-up company, brings to small- to mid-sized businesses (SMB) Receivables RainMaker(sm) a revolutionary software application that automates the collection and dispute management process and is designed for use in a business to business environment.

Receivables RainMaker can help reduce a company's DSO (Days sales outstanding) by 20-30% or more thereby increasing the cash flow for the business. This software helps small- to mid-sized business easily manage and automate the collection process. Once Receivables RainMaker is configured and customer and invoice information is uploaded from the company's accounting system, workflows are created, based on the type of customer and allows the collector to:

Call, fax or email customers to follow up on open invoices at the right time
Track commitment and contacts with the customer
Manage the dispute and deduction process
Provide management with statistics to reduce disputes and improve processes

The software makes it easy to resolve disputes before problems get out of hand and creates metrics and tracking information so process improvement needs are identified.

"Bottomline - when customers are cared for and their problems promptly addressed they will feel valued and be more likely to pay in a timely fashion" said Dennis Komsa, president of CashFlow Squared, Incorporated and chief designer of Receivables RainMaker. "Having implemented over 75 projects to collect outstanding invoices on four continents for various Fortune 1000 companies - I've seen over and over again that when customers are touched frequently cash can be collected faster and in instances where there is a problem, the frequent contact help to resolve disputes more professionally."

Receivables RainMaker is the only software tailor designed for small- and mid-sized businesses with implementation cost and monthly maintenance fees at a fraction of those of similar collection software used by large enterprises.