Microdea Announces Release of Synergize Collections Module

Enables businesses to automate Accounts Receivable collections process, reducing customer payment delays and improving cash conversion cycle

Richmond Hill, ON (Dec. 11, 2014) – Microdea Inc. has announced the release of the Synergize Collections Module, a key component of their Synergize document management software solution. The Synergize Collections Module automates the Accounts Receivable collections process by automatically generating and distributing payment reminder packages, and by including copies of all supporting documents (such as contracts, statements of work, proofs-of-delivery) with a copy of the original invoice. This enables a business to provide to their customers the tools to facilitate timely payment.

�This software solution allows our clients to automate and streamline their document capture, billing, and receivables management functions,� states Microdea CEO Steve Divitkos. �Synergize has helped countless companies in the transportation, financial services, and insurance industries monetize their Accounts Receivable and shorten their Days Sales Outstanding. This frees up valuable cash that in turn can be used in other areas of their business.�

Synergize Collections Module is powered by Synergize, the feature rich document management, workflow and business process automation platform.

About Microdea

Microdea is a rapidly growing enterprise software company focused on the development, sale and support of document management and business process automation technology. Founded in 1995 and headquartered in Richmond Hill, Ontario, Microdea serves hundreds of customers spanning multiple countries and a diverse range of industries including healthcare, transportation, insurance, education, and financial services. For more information please visit www.microdea.com.

Source: Microdea Inc.