Birch Telecom Improves Productivity, Lowers DSO, and Increases Cash Flow with GETPAID Software.Business Editors/High-Tech Writers PARSIPPANY, N.J.--(BUSINESS WIRE)--July 25, 2003 The GETPAID(R) Corporation, the worldwide leader in providing receivables management software and services, today announced that Birch birch, common name for some members of the Betulaceae, a family of deciduous trees or shrubs bearing male and female flowers on separate plants, widely distributed in the Northern Hemisphere. Telecom, one of the leading competitive local exchange carriers in the nation, improved productivity by 74%, achieved a significantly lower DSO See CSO. and increased tracking and reporting after implementing GETPAID Software. "By introducing automation and strategic initiation of collection activities we now have a much more streamlined and standardized approach According to International Convergence of Capital Measurement and Capital Standards, known as Basel II, the standardized approach is a set of risk measurement techniques for banking institutions. The term may be used in the context of credit risk or operational risk. to receivables management," said David Hollingsworth David Adams Hollingsworth (November 21, 1844 - December 3, 1929) was a U.S. Representative from Ohio. Born in Belmont, Ohio, Hollingsworth moved with his parents to Flushing, Ohio. He attended the public schools. , Chief Financial Officer for Birch Telecom. "Using GETPAID, we have embedded Inserted into. See embedded system. our policies and internal controls enabling us to apply best practices, resulting in a more effective collections operation." "When we initially implemented GETPAID, our DSO was too high, by using GETPAID we have realized a significantly lower DSO," states Hollingsworth. "This is attributed to both the hard work of the entire Birch Telecom team as well as the ability to better manage our receivables through the use of GETPAID." "We are pleased with the results realized by the Birch Telecom team," said Dianna Piumelli, president and COO of The GETPAID Corporation. "We have a very innovative and dedicated customer base. By introducing tools such as GETPAID, they have been able to increase operating efficiencies and cash flow, allowing them to grow their businesses while delivering greater service and value to their customers." About Birch Telecom Targeting small to mid-size businesses, Birch Telecom offers local and long-distance telephone service across more than 50 major metropolitan markets in 11 states. Birch also owns and operates a high-speed data network, delivering broadband Internet access Broadband Internet access, often shortened to just "broadband", is high speed Internet access—typically contrasted with dial-up access over modem. Dial-up modems are generally only capable of a maximum bitrate of 56 kbit/s (kilobits per second) and require the full use of a to businesses in Kansas, Missouri, Oklahoma and Texas. For more information, please visit http://www.birch.com or call toll-free (866) 347-3843. About The GETPAID Corporation GETPAID is the leading provider of software and services to support strategic receivables management; offering a suite of web-enabled software solutions to facilitate automation and collaboration. The GETPAID product line includes support for workflow automation See workflow. , strategic collection management, dispute resolution, global commerce, Internet based account inquiry, and detailed reporting and analysis. The GETPAID Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. team is comprised of experts who deliver installation, system configuration, training and on-going support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the more than 550 installations and 6,000 global users in a wide array of companies, industries and environments. GETPAID is based in New Jersey, USA, with offices worldwide. For more information, contact GETPAID at 1-973-463-1500 or visit www.getpaid.com. All trademarks, registered trademarks and service marks mentioned in this document are the property of their respective holders. The GETPAID(R) Corporation 300 Lanidex Plaza Parsippany, NJ 07054-2723 TEL 973.463.1500 FAX 973.599.0902 http://www.getpaid.com |
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