{"id":65626,"date":"2021-11-05T10:04:10","date_gmt":"2021-11-05T09:04:10","guid":{"rendered":"https:\/\/www.cashontime.com\/en\/?p=65626"},"modified":"2024-10-22T10:54:58","modified_gmt":"2024-10-22T09:54:58","slug":"upergy-lettering-automatic","status":"publish","type":"post","link":"https:\/\/www.cashontime.com\/en\/customers\/upergy-lettering-automatic\/","title":{"rendered":"UPERGY absorbs additional collection volumes with CashOnTime lettering solution"},"content":{"rendered":"<blockquote><p>CashOnTime Allocation has met all its objectives! The productivity gains are real and significant. We have considerably reduced the cost of processing a cash receipt.<\/p><\/blockquote>\n<h2>An international group<\/h2>\n<p>Founded in 1996, UPERGY (formerly VDI Group) specializes in the trading of essential and non-strategic consumables in two areas:<\/p>\n<ul>\n<li>Health and Safety (health articles, 1st aid, protection for people at work\u2026)<\/li>\n<li>Batteries<\/li>\n<\/ul>\n<p>Positioned in two high-potential markets, the listed group employs over 300 people in 8 countries (France including La R\u00e9union, England, Belgium, Germany, Spain, Italy, China and Tunisia).<\/p>\n<p>Its 6,500 product references are aimed at companies, professionals, local authorities and private individuals.<\/p>\n<h2>Particularly strong growth<\/h2>\n<p>UPERGY has been a CashOnTime customer for 10 years, using the solution since 2011.<\/p>\n<p>Over the years, the group has expanded significantly through both organic growth and acquisitions. In 2011, UPERGY generated sales of 53.4 million euros. \u201cBetween 2002 and 2011, our sales rose from \u20ac15.8 million to \u20ac53.4 million, a more than 3-fold increase,\u201d explains UPERGY\u2019s Deputy CFO.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignright wp-image-66220 size-medium\" src=\"https:\/\/www.cashontime.com\/en\/wp-content\/uploads\/une-croissance-particulierement-forte-360x240.jpg\" alt=\"croissance forte\" width=\"360\" height=\"240\" srcset=\"https:\/\/www.cashontime.com\/en\/wp-content\/uploads\/une-croissance-particulierement-forte-360x240.jpg 360w, https:\/\/www.cashontime.com\/en\/wp-content\/uploads\/une-croissance-particulierement-forte-710x474.jpg 710w, https:\/\/www.cashontime.com\/en\/wp-content\/uploads\/une-croissance-particulierement-forte.jpg 1024w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/>This strong growth was logically accompanied by an increase in invoices and customer collections. In 2012, UPERGY counted 17,000 collections per month (+189% versus 2010!) for 9,000 customers. \u201cWe\u2019re experiencing an explosion in the number of incoming payments, and these payments settle invoices representing small amounts (on average \u20ac500). It was therefore essential for our <a href=\"\/en\/articles\/accounting-lettering\/\">lettering<\/a> to be inexpensive,\u201d she explains.<\/p>\n<p>c5.5 FTEs (Full Time Equivalent) are responsible for manually reconciling incoming cash receipts with open invoices: \u201cwith the increase in cash receipts, we couldn\u2019t cope any more: processing customer cash receipts was falling behind schedule, the accounts were not up to date, and we were following up customers who had already paid their invoices\u201d.<\/p>\n<p>UPERGY has chosen to automate the processing of its customer cash receipts in order to meet 3 objectives:<\/p>\n<ul>\n<li>Increase productivity to support the Group\u2019s development and absorb the volume linked to the business model,<\/li>\n<li>Free up accounts receivable accounting time for higher value-added analysis and control tasks,<\/li>\n<li>Improve the reliability of accounts receivable, and therefore the relevance of reminders.<\/li>\n<\/ul>\n<h2>The CashOnTime productivity suite<\/h2>\n<p>CashOnTime Allocation was quickly chosen to meet these 3 objectives.<\/p>\n<p>Initially, UPERGY opted for CashOnTime Allocation to automatically process its 3,200 monthly transfers. Within 2 months, the solution was up and running. Interfaces with the Harmonie ERP (Agresso) and user training went smoothly.<\/p>\n<p>\u201cIn the first few days, our automatic lettering rate was already 53%\u201d, explains the Assistant CFO, \u201cand today we\u2019re up to 75%, thanks to the enrichment of third-party RIBs as we go along. Every day, CashOnTime Allocation receives transaction advices from our banks and automatically processes 75% of transfers. Processing the remaining 25% is greatly facilitated by the lettering assistance offered by the solution. The most complex cases are handled manually, by calling the customer\u201d.<\/p>\n<p>In a second phase, UPERGY opted for GEC Connect, a solution particularly suited to e-commerce stores. Between 2010 and 2012, UPERGY saw a 745% increase in online payments! GEC Connect proved indispensable for automatically recording these entries in UPERGY\u2019s accounting system (Harmonie).<\/p>\n<h2>cSubstantial benefits thanks to the accounting lettering solution<\/h2>\n<p>The Assistant CFO concludes by pointing out that \u201cGEC has met all its objectives! The productivity gains are real and significant. CashOnTime Allocation has made it possible to absorb the explosion in the number of invoices and payments. Now, 130 hours a month are enough to process all incoming transfers, which corresponds to less than one FTE! Our teams are much calmer when they follow up with their customers, because they can rely on reliable, up-to-date accounting data.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-66221\" src=\"https:\/\/www.cashontime.com\/en\/wp-content\/uploads\/des-benefices-considerables-grace-a-la-solution-de-lettrage-comptable.jpg\" alt=\"benefices solution lettrage comptable\" width=\"1024\" height=\"683\" srcset=\"https:\/\/www.cashontime.com\/en\/wp-content\/uploads\/des-benefices-considerables-grace-a-la-solution-de-lettrage-comptable.jpg 1024w, https:\/\/www.cashontime.com\/en\/wp-content\/uploads\/des-benefices-considerables-grace-a-la-solution-de-lettrage-comptable-360x240.jpg 360w, https:\/\/www.cashontime.com\/en\/wp-content\/uploads\/des-benefices-considerables-grace-a-la-solution-de-lettrage-comptable-710x474.jpg 710w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>What\u2019s more, users are delighted with the ease of use and ergonomic design. We have considerably reduced the cost of processing a collection. And to increase productivity still further, we ask our sales staff to encourage their customers to pay us by bank transfer.<\/p>\n<p>In addition to automatically recording e-commerce payments in UPERGY\u2019s accounting system, GEC Connect also enables all bank charges to be recorded, thus avoiding manual input and saving considerable time.<\/p>\n<h2>What next? What kind of automation?<\/h2>\n<p>cIn order to further improve efficiency in accounts receivable, UPERGY is considering extending the scope of GEC to automate the processing of transfers received from foreign banks and checks, which until now have been handled manually.<\/p>\n<p>\u00a0<\/p>\n<p style=\"text-align: center;\">Want to find out more about the <strong>CashOnTime<\/strong> solution?<\/p>\n<p style=\"text-align: center;\"><a data-obflink-url=\"L2VuL2NvbnRhY3Qv\" class=\"bouton vert\" tabindex=\"0\">CONTACT US<\/a><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"<p>CashOnTime Allocation has met all its objectives! The productivity gains are real and significant. We have considerably reduced the cost of processing a cash receipt. An international group Founded in 1996, UPERGY (formerly VDI Group) specializes in the trading of essential and non-strategic consumables in two areas: Health and Safety (health articles, 1st aid, protection [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":66304,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"UPERGY is equipped with automatic lettering software","_seopress_titles_desc":"Consumables trading specialist opts for CashOnTime to automate its accounting 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11:41:28","menu_order":0,"mime_type":"image\/png","type":"image","subtype":"png","icon":"https:\/\/www.cashontime.com\/en\/wp-includes\/images\/media\/default.png","width":150,"height":150,"sizes":{"thumbnail":"https:\/\/www.cashontime.com\/en\/wp-content\/uploads\/logo-upergy.png","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/www.cashontime.com\/en\/wp-content\/uploads\/logo-upergy.png","medium-width":150,"medium-height":150,"medium_large":"https:\/\/www.cashontime.com\/en\/wp-content\/uploads\/logo-upergy.png","medium_large-width":150,"medium_large-height":150,"large":"https:\/\/www.cashontime.com\/en\/wp-content\/uploads\/logo-upergy.png","large-width":150,"large-height":150,"1536x1536":"https:\/\/www.cashontime.com\/en\/wp-content\/uploads\/logo-upergy.png","1536x1536-width":150,"1536x1536-height":150,"2048x2048":"https:\/\/www.cashontime.com\/en\/wp-content\/uploads\/logo-upergy.png","2048x2048-width":150,"2048x2048-height":150,"dimo-home-posts":"https:\/\/www.cashontime.com\/en\/wp-content\/uploads\/logo-upergy.png","dimo-home-posts-width":150,"dimo-home-posts-height":150,"dimo-related-posts":"https:\/\/www.cashontime.com\/en\/wp-content\/uploads\/logo-upergy.png","dimo-related-posts-width":150,"dimo-related-posts-height":150}},"secteur_activit\u00e9e":"Distribution","Localisation":"Auvergne Rh\u00f4ne Alpes","effectif":"297 employees","benefices":"<ul>\n<li>reduction in the cost of processing a collection.<\/li>\n<li>ceasy-to-use, ergonomic tool.<\/li>\n<\/ul>\n","url_francaise":"https:\/\/www.cashontime.com\/clients\/upergy-lettrage-automatique\/","url_espagnole":"https:\/\/www.cashontime.com\/es\/clientes\/upergy-rotulacion-automatica\/"},"_links":{"self":[{"href":"https:\/\/www.cashontime.com\/en\/wp-json\/wp\/v2\/posts\/65626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashontime.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashontime.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashontime.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashontime.com\/en\/wp-json\/wp\/v2\/comments?post=65626"}],"version-history":[{"count":1,"href":"https:\/\/www.cashontime.com\/en\/wp-json\/wp\/v2\/posts\/65626\/revisions"}],"predecessor-version":[{"id":72977,"href":"https:\/\/www.cashontime.com\/en\/wp-json\/wp\/v2\/posts\/65626\/revisions\/72977"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cashontime.com\/en\/wp-json\/wp\/v2\/media\/66304"}],"wp:attachment":[{"href":"https:\/\/www.cashontime.com\/en\/wp-json\/wp\/v2\/media?parent=65626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashontime.com\/en\/wp-json\/wp\/v2\/categories?post=65626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashontime.com\/en\/wp-json\/wp\/v2\/tags?post=65626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}