British American Tobacco Co-ordination Centre Brussels Selects GETPAID for Centralized Management of Credit Operation.PARSIPPANY, N.J. -- The GETPAID(R) Corporation British American Tobacco British American Tobacco Plc (LSE: BATS, AMEX: BTI, KLSE: BAT) is the second largest listed tobacco company in the world. It is based in London, England and is a constituent of the FTSE 100 Index with a market capitalisation of over £29 billion as of June 2005. CC Brussels to Integrate Multiple Business Entities into a Common Platform for Expedited Processing, Lower Operating Costs operating costs npl → gastos mpl operacionales and Improved Customer Service The GETPAID(R) Corporation, the leading provider of software and services for working capital optimization, today announced the selection of GETPAID 7i web-based order-to-cash solution by British American Tobacco Co-ordination Centre Belgium for streamlined processing and improved customer service. "Our processes were predominantly manual causing us to seek a solution for improved management of data and resources," explains Jean-Marie Jacobs, treasurer for British American Tobacco Co-ordination Centre Belgium. "As a result of integrating GETPAID with our existing ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. solutions, we can manage our customer information and data flow more efficiently, giving us increased visibility and the ability to deliver greater value to our customers." "We evaluated several different options and found that GETPAID offers the most technologically and functionally advanced solution for managing the credit and finance operation," adds JM Jacobs. The GETPAID solution will be integrated with SAP to support the British American Tobacco CC credit operation covering Belgium, France, Spain, Switzerland and the Netherlands. GETPAID will be used to drive standardization of credit collections across seven different business entities. Key Benefits to British American Tobacco Co-ordination Centre Belgium : --Ability to drive standardization across the entire credit operation. --Increased visibility to portfolio with reporting, performance tracking, online effectiveness monitoring & cash forecasting. --Faster customer response time with centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. access to data, streamlined processing and systematic treatment of accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying . --Formalize the collection processes. "As corporations extend their global reach and seek cost advantages, corporate finance and treasury departments are centralizing cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. operations. A key component is the availability of solutions such as GETPAID to support this deployment model," explains Dianna Piumelli, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of The GETPAID Corporation. "By centralizing credit and collections, British American Tobacco Co-ordination Centre Belgium can leverage resources to improve operating efficiencies while standardizing policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental across the enterprise. GETPAID is well suited for financial shared service centers, with the ability to configure each business unit separately, while leveraging a single instance of GETPAID." About British American Tobacco British American Tobacco is the world's second largest quoted tobacco group. With more than 300 brands in their portfolio, they make the cigarette chosen by one in seven of the world's one billion adult smokers. British American Tobacco holds robust market positions in each of their regions and have leadership in more than 50 of the 180 markets in which they do business. The Group has 81 cigarette factories in 64 countries, producing some 853 billion cigarettes in 2004. The Group also has 9 Other Tobacco Products (OTPs) factories in 7 countries, which manufacture cigars, roll-your-own and pipe tobacco. Their companies, including associated companies, employ more than 90,000 people worldwide. About The GETPAID Corporation The GETPAID Corporation provides software and services for working capital optimization. GETPAID helps companies increase cash flow, prevent revenue leakage, meet regulatory compliance, and boost operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: by delivering the only end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. to manage the Order-to-Cash cycle. The GETPAID solution suite embeds policy, automates processes and drives workflow for streamlined credit risk management, collections, dispute processing, online customer self-service, and cash application, with detailed forecasting and analysis. GETPAID is backed by over fifteen years of research and development as well as a comprehensive services and support organization, and a customer network of market leaders across every primary industry. The GETPAID Global Services Organization (GSO GSO abbr. general staff officer ) is comprised of credit and finance experts who bring with them the shared experiences and best practices of over 700 implementations in over 35 countries. The GSO delivers process consulting, implementation, 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 18,500 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. |
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