Explore how Growfin
Enhances your ERP
As invoices scale and monetization gets complex, ERPs struggle to handle AR. Rising DSO and unreliable cash flow forecasts are telltale signs that your ERP needs enhancement.
Compare Growfin With Your Tech Stack
Here's how Growfin works with NetSuite
Oracle NetSuiteis great at its breadth of functionality and scales well for receivables at first. But as invoices scale, cash flow and efficiency starts taking a hit. Rising DSO and bad debt reserves, unreliable cash flow forecasts, and slow books close are tell tale signs that your ERP needs enhancement.
Features
Prioritizing accounts to go after
Growfin
Prioritize based on predicted Health Score of each customer, which is in turn based on the payment behavior.
Features
Handling large volumes of invoices
When volumes grow, account coverage becomes a challenge. Smaller accounts are usually left in the lurch.
Growfin
Designed to handle all levels of invoice volume.
Features
Personalized follow ups for customers who do not pay
Growfin
Collection Strategies in Growfin lets you handle personalized follow ups.
Features
Collections Tracking
Collection details such as payment status of invoices are tracked as notes in Spreadsheets, Emails and Slack. Context remains hidden in disparate sources.
Growfin
Collections CRM lets you track all conversations at a single place.
Features
Dispute Management
Ticketing software or Cases module in a CRM.
Growfin
Dispute-handling capabilities are built into Growfin.
Features
Collaboration with other stakeholders
Collaboration happens on email and Slack with Cases Module, ticketing software and spreadsheets used for visibility.
Growfin
Built-in collaboration capabilities make it easy to work together - communication and work happen on the same platform
AR as of Report is available in some cases, no other extensive AR-specific reporting capabilities.
Growfin
Advanced collection reports are available in Growfin, which includes the AR Aging report.
Features
Trend Insights and Prediction
Insights into trends and prediction is not available here.
Growfin
Growfin calculates Expected Pay Date using multiple signals like past payment history and current status of a receivable (promise-to-pay or a dispute) to forecast and predict cash inflow.
Features
Tracking collection team’s performance
This is manually tracked using spreadsheets.
Growfin
Advanced collection reports are available in Growfin, which includes the AR Aging report.