February 7, 2005 - Creditek offers advanced deduction management and document management software to enable improved business process for the management of deductions.
Creditek announced today that it has signed a multi year Business Process Outsourcing (BPO) contract
with a major consumer products company to provide Accounts Receivable Management software and services.
Creditek will support key operating units in the United States with the systems and business processes to
support the deduction management process.
Creditek will utilize its state of the art A/R management system, C.Power, to facilitate the timely and
accurate resolution of deductions and improve customer service and collections.
Combined with Creditek's document management solutions, the client will benefit from improved
DDO (Days Deductions Outstanding) and increased cash recovery levels.
Creditek's flexible technology will enable the client to improve the automation of the deduction management
process which combined with Creditek's expert analysts, will reduce the cycle time and streamline the
A/R management process". Creditek's CEO , Regina Paolillo commented, "
We are extremely pleased to have the opportunity to work with such a visionary company and further add to
our ever growing portfolio of consumer goods manufacturers."
About Creditek
Creditek is the industry leader in Order-to-Cash Cycle Outsourcing and Enterprise Receivables Management,
and has generated billions of dollars of incremental cash flow for its clients since its founding in 1982.
Creditek serves the F2000 market and the Healthcare industry providing complete BPO services tailored to optimize
order-to-cash cycle performance, accelerate cash flow and improve working capital.
Creditek leverages its shared service centers, best practices, and proprietary accounts receivable,
document management and work flow automation systems to deliver guaranteed and improved results for clients.
www.creditek.com.
Contact:
Jennifer Sherry
Creditek
jsherry@creditek.com
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