GRM Expands Its Financial Services Offering with Accounts Receivable Workdown Solution

By Georgio Salas.
Updated Feb 28, 2023

JERSEY CITY, N.J. (PRWEB) February 28, 2023 - GRM Information Management, a leading provider of enterprise content management (ECM) solutions is expanding its financial and accounting solutions with its enhanced Accounts Receivable (AR) Workdown product.

Particularly in industries where mergers and acquisitions are commonplace, there tends to be multiple, active Accounts Receivable software solutions. This often proves problematic as it makes the collections process more inefficient and increases the probability of errors by virtue of Accounting staff being unfamiliar with the full breadth of active systems. Or worse, data is sometimes lost and accounts become uncollectible by virtue of system failure or sunsetting of the system.

All of these downsides can be avoided with the adoption of the Accounts Receivable Workdown solution. With the adoption of the solution, data from all systems is consolidated in the highly-reliable and secure GRM cloud platform. Once all of the data is consolidated, its normalized and organized to mimic the interface and functionality of the primary Receivables system that staff is accustomed to using. This adoption allows for other systems to be retired and improves the efficiency with which staff collects Receivables.

GRM CEO, Avner Schneur states that Our AR Workdown solution demonstrates how quickly our platform can deliver value. This is a perfect example of rapid implementation and simple integrations yielding a really substantial and near-immediate payoff.

And in addition to the core functionality of the solution, the platform can also house and organize important, related receivable documentation such as remittal advice and denial letters that prove critical in resolving the more complex Receivables challenges quickly.

***About GRM GRM Information Management is a leading provider of document storage services and digital information management systems. GRMs robust, cloud-based content services platform serves as the centerpiece of the digital solutions that GRM provides its clients. Serving a diverse base of industries such as healthcare, government, legal, finance and human resources, GRM delivers its clients services such as digital conversion, advanced data capture solutions, document management systems, workflow automation, legacy data archiving, compliance and governance, business process management and advanced analytics capabilities, as well as a full suite of document storage, scanning and physical records management services. GRM maintains offices in 14 major metros across the U.S., including Atlanta, Austin, Baltimore, Boston, Chicago, Dallas, Houston, Indianapolis, Los Angeles, Miami, New Jersey/New York, Philadelphia, San Francisco and Washington, D.C. GRM also has facilities in Lima, Peru; Rio de Janeiro, Sao Paulo, Brazil; and Bogota, Medellin and Cali, Colombia. For more information, visit GRM Information Management.