Millipore Receivable Management System

What are the benefits of using Millipore Receivable Management System?.

Who really needs this? Do I really need it? What are the bottom line benefits for me?.

What is it?

Millipore Receivable Management System is interactive web enabled software for executives of the company to update results or progress of the Receivable Tasks assigned and generate MIS reports based on the data. It is an organizational Receivable planning tool. Just as each Sales person in the company uses a planner for day-to-day Sales Receivable Tasks, Millipore Receivable Management System helps the whole company organize Receivables and align itself towards the common goals of the company on a daily basis.

Using MRMS, a centralized Receivable management utility, and a company can assign Receivable Tasks, monitor and manage all Receivable Tasks of the company from a central location. It is a solution to the common problem of goals misalignment in Invoice departments in companies. An organization, which has several goals to be achieved, needs to track progress on all of them at the fundamental level of each individual performing a task. With MRMS, this is a breeze. It eliminates the guesswork out of the progress measurement of any Collection in an organization.

What are the benefits of having Millipore Receivable Management System?

· MRMS provides centralized management of Receivable Tasks of all Sales Persons

· Helps senior management to not only assign Receivable Tasks to their subordinates, but also monitor progress on a day to day basis, these assigned Receivable Tasks can be accessed and the executives update the progress or results of the Receivable Tasks.

· Sales Persons work schedules get organized by helping them focus on only the

Critical Receivable Tasks

· Reports shows

Ø Comparison of Previous Receivables

Ø Ageing Analysis Report

Ø Salesman Outstanding Report

Ø Salesman Collection Report

Ø Days Sales Outstanding Report

Ø Login Audit Report

· Graph of Receivables

· It serves as an excellent record (archive) of all Receivable Tasks that the organization is performing

· Easy access to progress status for senior management

How does it work?

Once MRMS is installed and access provided for every Sales Executives and managers in the company, as part of their daily routine, they open MRMS first

thing in the morning. MRMS will show them a list of all the outstanding Receivable Tasks that they have including those assigned by their supervisors through

Excel files. They then plan their work for the day accordingly and as they complete their Receivable Tasks, they start Update the Remarks and Promised Date.

Managers will also follow a similar routine except track their progress.

Using MRMS, Administrator, Power User can

Create Users
Uploads The Following Files
- Invoices
- ST Forms
- EMD
- Collections
- JV
Update the Outstanding Details
Monitor progress
Monitor Audit Details
Monitoring Outstanding, Invoice, Collection, Advances, Remarks Details
- Sales Person Wise
- Division Wise
- Sub Division wise
- Region Wise
Generate management reports, queried on particular person or hierarchical level, client, Receivable task status, promised dates,

Collection Dates, Invoice dates, Receivable Tasks exceeded due dates

o Collection Comparison - Month Wise

o Collection Comparison - Year Wise

o Outstanding

o DSO Month Wise

o DSO Year Wise

o Funds Flow

Using MRMS, Executives, National Manager, Regional Manager, General manager can

Monitor and update Remarks
Track pending Receivable Tasks based on Hierarchical Modal
Generate management reports, queried on particular person or hierarchical level, client, Receivable task status, promised dates, Collection Dates, Invoice dates, Receivable Tasks exceeded due dates based on Hierarchical Modal

· Collection Comparison - Month Wise

· Collection Comparison - Year Wise

· Outstanding

· DSO Month Wise

· DSO Year Wise

· Funds Flow

Access level and functionality of the software is designed with the hierarchical organization of the company. For example, employees do not have free

access to Receivable Tasks of other individuals in the organization.

Technical Details

Client Platform

Windows 9x / NT / Me / 2000 / XP

Front End

Visual Basic .Net, ASP.Net

Back End

MS SQL 6.0 and above

Multi User

Yes

Lan & Web Enabled

Yes

Operating System

Windows 2003 Server or Equivalent supporting .Net Framework and IIS6.0

How do we set you up?

Install MRMS

Once you purchase MRMS, ZIAC will ship you the software and help you install and set it up on your company network. It is a simple process of installation.

Create and setup organization chart

The next step is to input your organization chart into the software. If your company does not have an organization chart designed yet, this is the time to do it. If you need help in this area, ZIAC representatives can sit with you and prepare and guide you through the organization chart design.

Upload Task inventory

Collect Invoice, ST Forms, EMD, Collection Details .Enter These into MS Excel in the format specified by ZIAC and Upload These Files, ZIAC representatives will be happy to help you through this step.

Provide system training to your administrator

ZIAC will educate your system administrator regarding the technical aspects of maintaining the MRMS database, security, employee profiles etc.

Provide system training to all employees

ZIAC will provide a training session to all employees on how to use the software. Since this is not a complicated system, it is a very simple training session that may last an hour or so.

Who really needs this? Do I really need it? What are the bottom line benefits for me?

This is an organizational Receivable planning tool and is necessary for any company, small or large having Invoice Infrastructure. We have found that the

productivity of the company as a whole increases tremendously within days of implementation of this software. Managers will need to be in tune with each of

their Executives skill level and speed with which they complete their Receivable Tasks so they can effectively collect the Amount on a timely basis. Executives

will need to be more responsible as their accountability to completing Receivable Tasks is greatly increased since there is now a transparent mode of tracking

all Receivable Tasks in the organization.

Bottom line benefit of implementing MRMS is that your long term goals and short term goals are actually broken down and planned out in sufficient detail and

tracked every single day. Thus, Collections are finished sooner and goals achieved faster.

Here are some questions you can ask yourself to evaluate whether you need MRMS or not. If you have MRMS, you will be able to answer “Yes” to all of

these questions.

· Are you able to execute Receivable Tasks in time?

· As a manager, do you remember all Collection Details that you and your Executives are working on?

· Do you know the status of every single Collection task you are responsible for as a manager?

· Is your information very accurate on the status of the jobs under progress?

· Do you know the Receivable completions of each of the Receivable Tasks?

· If you are the CEO of the company, do you know exactly How Much amount Collected Each Employee in Your Organization?

How can we get it?

Please contact Ziac Software. Through the website at www.ziacsoft.com or by email at info@ziacsoft.com or by telephone at (080)23315464/23469659.

After obtaining basic information about your organization, ZIAC will provide you with an estimate for the software. Once you purchase the product, ZIAC

representatives will send you the software either electronically or through a CD along with the installation instructions. You can then start the installation.

ZIAC representatives are always available to lend you a helping hand in case you need any technical help.

Client Platform	Windows 9x / NT / Me / 2000 / XP
Front End	Visual Basic .Net, ASP.Net
Back End	MS SQL 6.0 and above
Multi User	Yes
Lan & Web Enabled	Yes
Operating System	Windows 2003 Server or Equivalent supporting .Net Framework and IIS6.0