Case Studies
Major Integrated Media Company
Company Significantly Reduces DSOs and has Project Payback Time in Less Than 6 Months
J&B’s customer, a major American integrated media company,sought a more efficient and cost effective method of revenue collection. Its existing system, which entailed a web of third party lockboxes, paper check processing, and multiple legacy ystems for cash application, was costly, time consuming,and labor intensive. Company management realized that centralizing its payment processing, if properly implemented, could accelerate the cash cycle, introduce automated workflows, and give the company more control over the entire revenue collection process. The centralized, automated payment processing system would be implemented concurrently with the company’s new ERP platform, and interoperability was essential to restructuring of Treasury functions.
In 2007, after evaluating several competing software providers, the media company determined that J&B offered the ideal solution for the application and the experience and expertise to meet the company’s aggressive schedule.
In this case study, we describe how J&B Software partnered with this major media company to implement a highly integrated payment processing solution that included remote capture, data recognition, and image archiving. Since deploying J&B’s payment processing solution, the media company has reduced costs, improved cash flow, and eliminated the many workflow inefficiencies associated with manual processing. We also describe how the implementation has improved visibility and control in the company’s overall Treasury operations.