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The Coins etc Electronic Remittance Delivery Service is a highly flexible, managed service, which enables Construction Companies to manage their supply base in a cost effective and flexible manner. The service offers a wide range of flexible deployment options that encourage the maximum number of Construction Industry Suppliers to participate. Reduce Expenses and Increase Reliability. At a time when the pressure to reduce costs and increase efficiency is greater than ever. Contractors require a solution that eliminates the expense and unreliability associated with remittance activities based on fax and post. Our service enables customers to communicate with their suppliers through a web based managed service. Hosted and managed by Coins etc the benefits are immediate and far reaching. Organisations that outsource all their remittance activity to Coins etc can achieve significant savings, and increased efficiency of their working capital. Apart from eliminating the cost of paper, post, and fax, contractors can also reduce their administrative overheads, and the time spent handling payment enquiries from suppliers. Benefits There are wide ranging benefits for Contractors and their suppliers: For Contractors Financial savings - reduction in costs associated with the printing and distribution of paper remittances. Greater efficiency - reduction in supplier payment queries and associated costs. More reliable - a secure, faster, alternative to postal delivery. Improved supplier relationships through improved processes, clearer communication, and continuity of service.
For Suppliers Improved cash management through earlier notification of payments. Increased efficiency - faster reconciliation of payments. Reduced invoice payment queries - through earlier and reliable payment confirmation. Cut costs - reduce paper handling and payment query overheads. Available to all suppliers regardless of size and geographical location.
BENEFITS FOR ALL
Risk reduction and confidence strengthened through reduction of manual processing and human error due to enhanced electronic data exchange. Improved cash management and forecasting for purchaser and supplier. Real time visibility for purchaser and supplier as regards remittance details Managed roll out: a wide range of deployment services available.
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