C/Lect Consulting

ID# 001390
2246 West Greenleaf, Suite 2
Chicago, IL 60645
United States
847-854-4523 (Main Phone)
Description
The C/LECT ® Cash Preprocessor (CCP) automates cash application. The CCP processes cash and remittance data automatically for any size dollar and transaction volume company on all Accounts Receivable Systems and platforms. The CCP is installed on your computer, sized to your environment and tailored to your exact business specifications.

Outsourcing Services --C/LECT offers three options for outsourcing of your cash application, providing the maximum auto-applied rate and savings. Our services include Invoice Matching (Option I), Invoice Matching with Automated Deduction Processing (Option II) and Invoice Matching with Automated Deduction Processing and Manual Exception Handling (Option III).

ACH Remittance Processing - C/LECT has developed an ACH Remittance Processing System (RPS) to process remittances that are sent by your customer via email and attachments, separate from their ACH payment.

Claim/Deduction Management System

The C/LECT ® Claim/Deduction Management System (CDMS) is a web-based application that process claims and deductions. CDMS is work-queue driven that can be used by multiple departments, each with their own customized rules for managing and following-up customer discrepancies. Images of related documents (debit memo, check and remittance, invoice, credit memo, etc.) are automatically retrieved and stored in folders to provide maximum efficiency, drastically reducing resolution cycle time in a paperless environment.

Claim/Deduction Management System

C/LECT ® Claim/Deduction Management System -- The C/LECT ® Claim/Deduction Management System (CDMS) is a web-based application that process claims and deductions. CDMS is work-queue driven that can be used by multiple departments, each with their own customized rules for managing and following-up customer discrepancies. Images of related documents (debit memo, check and remittance, invoice, credit memo, etc.) are automatically retrieved and stored in folders to provide maximum efficiency, drastically reducing resolution cycle time in a paperless environment.

Random Sample Analysis -- Overview: C/LECT ® Consulting provides an on-site random sample of your customers’ payment habits and how they are handled by your A/R system. A summary and statistical analysis is provided based on the sample findings. By analyzing your environment, we can best prescribe the most cost effective preprocessing options, expected hit rate improvement and detail of your potential cost savings.

If you elect to purchase the C/LECT Cash Preprocessor base on the summary, the fee for the Random Sample is deducted from the final software price of your configuration.

Deliverables: Two resources onsite for two days to develop a comprehensive random sample analysis of customer rernittances.

Separate review of Lockbox, EDI, ACH with detached remittance, Large Account (top 20), Credit Card and proprietary payments.
Detailed spreadsheet of raw data used in the analysis for each segment.

Statistical Summary of all data gathered, including issues and potential recommendations for auto-application.

Potential auto-application hit rates and corresponding savings based on recommended modules and configuration.

Complete fixed-fee pricing for the C/LECT Cash Preprocessor based on recommended modules, for ease of cost justification.
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