Sihl implemented VersaPay ARC®, a cloud-based solution that automates the entire invoice-to-cash process: presentment, collaboration, collections, payments and cash application. With ARC, Sihl has brought their AR into the 21st century.
ARC enables true online invoice presentment, allowing Sihl to meet the demands of its customers while eliminating the direct costs associated with paper-based invoicing. ARC provides a self-service portal for customers to view and print invoices online 24/7/365, make payments with the method of their choice, including ACH, EFT and credit card, and communicate with the AR manager directly within the platform.
ARC automates the tedious tasks in the AR process, permitting the accounting team to focus on projects that have measurable business impact, including analyzing financial statements and further improving customer relationships.
By investing in VersaPay ARC, Sihl has given customers control over their accounts and increased team efficiency, resulting in improved customer satisfaction and reduced DSO.