Cfari technology allows your staff to focus their time accelerating collections, managing disputes and deductions, and assuring cash flow and profits rather than reviewing paper files, searching for information and never-ending manual rework.

Cfari is a world-class, collaborative, web-based platform for the management of the invoice-to-cash function designed for companies that need a flexible and very powerful solution for Accounts Receivable Management, used either as the system of record or “bolt-on” for specific needs.

Enterprise Solution for

• Cash Application
• Collections Management
• Deduction and Dispute Management
• Controls and Audit
• Reporting and Dashboards
• Documents
• Plus special Cfari PowerTools™
• Reconciliation
• Discounts
• Post-Audits

Features

• Automate repetitive transactions and activities
• Best in Class process workflows and escalation rules
• Document imaging
• Rigorous process controls built-in
• Collaboration in the internal-external solution-chain
• Powerful reconciliation tools down to SKU level
• Audit and control
• Executive Dashboards and real time reporting

Cfari Cash Application

Cfari cash application is highly automated, accepting 820, BAI, or other electronic data feeds, and then processing the data with powerful matching algorithms.

• Configurable rules by customer, type of deduction, dollar and percentage.
• Matches character strings within multiple fields for high hit rates
• Customer payment codes cross referenced to your system codes
• Small deductions can be written off by reason code /dollar/ percentage combinations
• Deductions created and routed automatically for immediate resolution.
• Transfers between related accounts
• Detailed History inquiry and viewer to find and correct errors

Cfari Invoice Collection

• Guaranteeing timely action on overdue receivables, Cfari drives the process according to management’s rules.
• The cash flow-collection process becomes predictable, controlled, and performance-driven to meet company objectives.
• Collection strategies based on customer, category and amount
• Follow-ups are scheduled, customer contacts tracked
• Problems are automatically escalated based on your rules
• A task tickler system always keeps analysts and collectors working on the hot items

Cfari Deduction Control and Recovery
Deduction and Dispute Management

Deduction performance optimization offers perhaps the greatest overlooked financial opportunity, and Cfari has unique capabilities to proactively manage, automate, and track the deduction process from creation to recovery, or credit issuance. Powerful workflow and issue escalation rules always keep the priority issues in front of the right person, and assures that nothing is overlooked. Automated emails/faxes simplify customer contact.

• Prioritization, classification and tracking
• Deduction strategies based on customer, category and amount
• Provides actionable data on root causes
• Streamlines research
• Increases cash recoveries
• Assured follow-up tickler and escalation
• Ability to split deductions
• Special tools for handling post audits and cash discounts

Workflow and Escalation

Cfari’s configurable event-driven Workflow and Escalation Rules Editor is at the core of the system. Collection calls, deduction research, follow-ups, exceptions, and disputes are driven according to strategies built into the system.

• Real time work flow distribution
• Who should handle freight deductions, or high priority past dues.
• What happens if the analyst has not resolved large price deduction in 60 days.
• Who is alerted if a key account is past due over X days
• What happens if a promise is broken

Cfari controls the process path for all collections, deductions, disputes, etc. The rules can be broad or granular to 200 receivable codes (Customer/Dollar Amount/ Deduction type, etc.)

Collaboration
Eliminate “off-line” processes

Cfari maintains control over the process, even for non- A/R users, regardless of where the work gets done, eliminating “off-line” paper processes. Each user or department has a Cfari work queue and is held accountable completion of his or her work. Just a few examples;

• Sales allowances approved by Sales
• Shipment shortages investigated by Distribution
• Advertising researched by the Co-op Department
• Inter-organization visibility
• Outsourcing access

Adjustments and Approvals

• Adjustments, especially of small transactions or credit-debit variances must often be adjusted, or written-off, and these are handled within the system.
• Adjustments routed for supervisory approval based on guidelines and dollar tolerances.
• Cfari maintains a detailed on-line viewable audit history of every transaction.

Reconciliation

• Reconciling large accounts in a high volume environment used to be a challenge, and sometimes impossible. Cfari solves this with unique proprietary tools to reconcile massive accounts receivable containing imprecise reference data, which can stop the typical cycle of annual write offs.
• Massive volume reconciliation capability
• Rule-based matching and reconciliation of debits, credits, returns, etc.
• Flexible match within strings of characters across multiple reference points
• Match returns and debits down to SKU level

Reporting, Views and Dashboards

• Cfari has numerous built-in dashboards, views and reports, with all data accessible to Excel, Crystal or other standard tools. To get maximum insight and control over your business, view receivables and customers a number of ways.
• Multi-level company views (i.e., analyst, manager, business, corporate rollup)
• Department specific views (i.e., credit, sales, distribution)
• Parent Child Customer views
• On-line graphical reports
• Customized aging buckets
• Summary and drill-down
• One click to Excel
• Extensive standard system reporting
• Crystal Reports or any 3rd party tool can be used for custom reports

Controls and Audit History

Being able to audit application and adjustment history is critical, especially for audit purposes. Cfari has that covered.

Multi-level security and permissions Detailed audit history is available for all applications, adjustments, transactions On line supervisory approval of all adjustments based on your rules

Document Imaging

• On-Line Documents eliminate lost files and labor
• Document association to the AR item level
• Allows other departments to approve and attach supporting documentation to disputes and deductions
• Improves efficiency and provides a “safe” storage area for audit purposes
• Enables research of post-audit deductions

Proactive, performance-driven management of accounts receivable using Cfari® technology will increase your profits by reducing DSO, and preventing revenue leakage from deductions, disputes, and payment delays.

For information you need for licensing Cfari® as Software as a Service (SaaS) or otherwise downloading Cfari® to be your company's accounts receivable software solution, please contact kmetzger@smythsolutions.com, or at +1-201-714-4547.