Gaviti, an A/R collections automation system designed to help companies collect and manage client invoices, announced an integration partnership with Sage, the leader in accounting, financial, HR, and payroll technology for small and medium-sized businesses (SMBs). Through this relationship, Gaviti has integrated its accounts receivable solution with the Sage Intacct cloud financial management system to enable joint customers to streamline their user collections processes and improve overall cash flow for their business.
Receivables, although a major lifeblood for any modern business, are intensive processes that demand team members to individually reach out repeatedly to companies for outstanding invoices. Gaviti, together with Sage Intacct, offers an accounting and collections-focused software that resembles the powerful SaaS capabilities already enjoyed by sales, marketing, and other teams. Collections teams and their leadership will find payments forecasting, risk scoring, and actionable insights to enhance collections performance over time. These tools allow in-house collections teams to collaborate in a centralized workspace that is available to all stakeholders.
With the Gaviti and Sage Intacct integration, companies can easily reduce days of sales outstanding (DSO), automate all account receivables processes, and free their collections team to focus on higher-value work. “Businesses are empowering accounting departments with software capabilities, just as they are with other business-critical teams,” said Alex Komarovsky, Co-founder and CTO at Gaviti. “This partnership was driven by our customers who rely on both Gaviti and Sage Intacct to manage revenue streams.” While Gaviti is ERP agnostic, integrating with all enterprise resource planning software, the partnership focuses on efficiency, enabling setup in a few clicks, and ensuring continuous data flow between the two platforms.
Gaviti uses a universal language to standardize ERP data, making it usable across platforms. This capability, usually reserved for enterprise businesses, is being utilized by SMEs to get their invoices paid faster while reducing overdue receivables by 35%. Together with Sage Intacct, teams can streamline the collections process, from automating highly personalized dunning emails to perfecting task management.
“We are always looking for ways to help our customers make the most of their data in order to knock down barriers to growth by reducing workloads and boosting efficiency,” said Melody Williams, Sage’s Head of Business Development for Sage Intacct. “Gaviti’s software provides our joint customers with tools to improve their accounts receivables collections process and enables easier integration and syncing of data across both systems.”
This partnership is in addition to other capabilities with various Sage products, rapidly revolutionizing and automating manual-intensive processes traditionally.