Case Study

CUTTING ADP BY 54% AT ONE OF THE LARGEST RETAIL REAL ESTATE COMPANIES IN THE UNITED STATES

CUTTING ADP BY 54% AT ONE OF THE LARGEST RETAIL REAL ESTATE COMPANIES IN THE UNITED STATES

Pages 2 Pages

©2019 VERSAPAY CORPORATION versapay .com WHO Industry: Commercial Real Estate Invoices per month: 5,000+ ERP: JD Edwards TODAY THE STARTING POINT A large U.S. retail real estate company has dramatically reduced late paying and default tenants. By implementing a solution that has an easy to use interface, sales collection functionality, accepts a wide variety of payment methods, and has the ability to handle pre-payments, its average days to pay (ADP) A highly manual AR process resulted in a number of the company’s tenants in default or not paying on time. Invoices were sent out via mail and provided tenants with limited visibility into the variable billings that change each month, including; credits, disputes, CAM backup, and reconciliation. Payments were accepted

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