CCR2 Technology
that has changed, but now there are a huge number of obstacles and hurdles in the way that, if you are not careful, will erode any profit you make. Profit is not the ‘be all and end all’ and
some businesses survive making a small profit or a loss each year, the trouble is, clients are now asking more questions and expect suppliers to prove that they have a sustainable business – both in terms of good cashflow and profit – and this is really where NEXUM can kick in. Apart from reducing the manual effort
involved, streamlining the collections process, automating management information, checking compliance, and keeping data secure, NEXUM will also manage and maintain expenditure budgets at client level. Every activity by any member of your
team, or as a result of the system’s automation, can be costed and recorded as either a chargeable activity or as a ‘budget’ activity. As a result, it is possible to analyse
July 2017
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precisely how much you are spending in overheads for each client, plus how much you are collecting, how much you are billing and whether the work is profitable or not. Furthermore because NEXUM is a
Every activity by any member of your team, or as a result of the system’s automation, can be costed and recorded as either a chargeable activity or as a ‘budget’ activity
workflow tool, you can analyse spend and profit by collections stage, specific actions, and individual collectors.
Conclusion At NEXUM, compliance is about blending the elements mentioned above into one environment, aimed at minimising the effort required to remain compliant whilst meeting your business targets. Being able to achieve this within a solution
that you can tailor when change occurs, provides enormous benefit to a DCA, as the first challenge may be complying ‘today’, but, as we know from recent times, ‘change’ is the one constant theme that will continue for years to come. CCR2
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