BUSINESS CREDIT RADIO is honored to welcome Mr. Bryon Thompson, the Executive Vice President of TermSync, Inc in Madison, WI to discuss "Going Beyond DSO with TermSync". Bryon oversees the sales and rapid growth the company is experiencing. Previously, he was the Regional Executive for ADP, the Fortune 500 payroll and HR company. Bryon's background on helping companies streamline back-office efficiencies by leveraging technology solutions make him a great fit to tackle the challenges that A/R faces - the last department to see any significant advances in technology in today's business world.
"TermSync’s accounts receivable platform supports a network of over 50,000 businesses. Our approach of engaging both vendors and their customers on a centralized platform leads to improved customer relations, reduced processing costs, and faster payments.
Because we are a third-party platform, we provide value to our clients, but perhaps more importantly, our process is accepted and appreciated by customers of our clients. Accounts Receivable is often one of the largest assets on the balance sheet and can be a critical interaction between you and your customers. Yet, it is still managed like it was 40 years ago. Our software allows clients to take a more analytical and efficient approach while focusing on more than just DSO. Getting paid on time is important (and our software accomplishes that), but truly great companies realize that Accounts Receivable is also about serving the needs of the customer."
BCR is sponsored by Credit Management Association (CMA) at www.creditmanagementassociation.org.