CashCollector Wins Golden Spider Award for Innovation

24th November 2006:

Having recently launched a unique software solution for Credit Controllers, CashCollector has now been judged the Best Technology Innovation of 2006

Dublin, Ireland – 24th Nov 2006. Chasing payment from debtors is an unpopular, expensive & time-consuming overhead for any company that sells on credit. CashCollector has therefore been developed as a secure, intelligent software to reduce the costs & inefficiencies of the Collections process by offering a Virtual Credit Controller ™.

Companies using CashCollector benefit in two ways. Invoices are firstly delivered electronically by email, saving the costs of postage and paper, whilst also ensuring invoices are delivered instantly to debtors. This is supported by the functionality which earned CashCollector the Innovation award – dubbed the Virtual Credit Controller ™ - which contacts every debtor by email on the first day an invoice becomes due for payment. If this email is not opened for any reason, the software can also send a fax or letter making the software particularly useful to compaies who have a lot of debtors to chase but do not have the resources to phone each one immediately payment is due.

Commenting on the win, Chief Executive Officer David Malone said,
"The Golden Spider Awards have earned a lot of credibility with the business community in Ireland, so naturally we are delighted to win the Award for Best Technology Innovation for 2006.

Anyone in business can relate to the issue of delayed payment from debtors, so a software solution that visibly improves the rate of collection with measurable results is understandably attracting a lot of interest across all industries both in Ireland and Internationally.”

CashCollector was also recently shortlisted for the New Company of the Year by the Irish Software Association and costs from just $100 per month.

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