Fairfax County, Virginia (PRWEB) June 1, 2009
A new “payment office monitoring service” (POMS) tracks invoices, making billing and collections faster, better, and more reliable at a price 35% to 55% lower than comparable processes performed in-house by accounting staff.
Developed by the Accounts Receivable Management Corporation (armcor.com Ltd.), POMS for DFAS is for contractors that submit invoices to the Defense Finance and Accounting Service.
“I’ve been involved with the A/R side of the government contracting world for nearly twenty years, and I know that POMS will make contractors more efficient and profitable,” says John Fedewa, President. “POMS tracks more than 50 data points about each invoice, helping subscribers detect problems right away, before they become costly and disruptive.”
Offered with a no-obligation 40-day trial, POMS for DFAS provides subscribers with an e‑mail notification summary of all changes to submitted invoices 2, 3, or 5 times a week. Monthly, quarterly, and annual subscriptions are available.
After the free trial period, POMS for DFAS costs as little as 22 cents per day per invoice. Actual rates vary according to monitoring frequency and the quantity of invoices to be tracked, and discounts are given for longer subscription commitments.
“The bottom line is that tracking a typical Net 30 invoice with POMS for DFAS will cost an active biller between just $ 6.65 and $ 15.11,” says Fedewa. “That’s an expense that pays for itself many times over in saved staff time, reduced average days outstanding, and increased cash flow. With POMS for DFAS, you’ll never get blindsided by a collections crisis.”
According to Fedewa, POMS will offer additional enhancements and expanded capabilities in the future.
See payofficemonitor.com for more information.
About the Accounts Receivable Management Corporation:
The Accounts Receivable Management Corporation (armcor.com Ltd.) is a niche financial services company based in Greater Metropolitan Washington, DC. Founded in 1999, armcor.com is a provider of working capital sourcing, collections, A/R consulting, and specialized factoring services underwritten by private lenders securitized by government receivables. armcor.com currently offers POMS to prime contractors serving military agencies of the United States government CONUS, OCONUS, in theater, and throughout the world.
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