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Accelerating Cash Flowwith Accounting Seed and Chargent
Chad MeyerCEO, Internet Creationshttp://www.internetcreations.com
● Why CRM + Accounting
● Integration vs Native
● Accounting Seed & Chargent
● Ultimate 360-Degree View &Self-service (Communities)
Accounting on Salesforce
Outcomes
● Average age of our receivables 3 days.
● 8X growth > +0 FTEs
● AR default: 1/10 of 1%
Cross-department alignment & collaboration
Automation(Credit Management & Collections)
Collections/Activity History
Accounting Controls
Integration vs NativeIntegration:● Low cost of entry for limited requirements (i.e. Accounts Receivable)● Sufficient for uni-directional or read-only sync● High maintenance● Only when replacing your accounting system is out of the question
Native:● Full Accounting in a Grand Unified System● Familiar Salesforce UI● Highly customizable & extensible● Easy to automate processes (i.e. Quote to Cash)
Accounting Seed & Chargent● Accounting Seed
○ Eliminated double entry (fewer errors)○ Business rules ensure accuracy in AR & AP○ Credit
■ Manage: AR Days to Pay, Aging, High Balance■ Enforce: Capabilities similar to a bank
● Chargent○ One-time and recurring billing○ Credit cards○ ACH debit transactions (eChecks)
The Ultimate 360-Degree View:
Self-service
Questions?
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