Do you set your collection team targets and need to follow their progress over the month?
Introducing Cash Target, the newest module of our Augmented Cash solution. Cash Target enables you to track, allocate and manage your collection targets at both collector and individual team level, with detailed dashboards set up to help you work towards your collections KPIs.
With Cash Target, team leaders can set collections targets to individual collectors and the entire collections team at their level. The Accounts Receivable Manager can allocate a set target to their team leaders, who are then responsible for allocating targets to their individual collectors.
The dashboards work in a similar way – depending on the user’s role they can either see performance towards the target at whole organization level, team level, or individual level, which helps each person in your collections team work towards a shared goal.
The ability to track, allocate and manage your collection targets at both collector and individual team level is critical for working towards your collections KPIs. Cash Target, the newest module of our Augmented Cash solution provides the necessary visibility to allow you to track your team’s progress monthly and quarterly, with updates taking place daily. Integrated with Sidetrade Augmented Cash, it gives your cash collectors a single system to effectively manage, measure and take action on collection activities.By adding targets, users are notified if the total team target has not been met upon saving.
Cash Target modules includes
- Multi-level target setting: the Accounts Receivable manager can allocate a target to their team leaders, who can then allocate targets to individual collectors
- Role-specific dashboard view: depending on role and permissions, users can view performance towards target at whole organization level, team level, or individual level
- Multiple KPIs to help you monitor performance, including targets, total collectable amount, total cleared amount, and total cash in