Media / Communications

J&B Software's has developed an electronic suite of solutions for check clearing float time and reducing cost specifically for companies in the media and communications industries. Media and communications companies often receive large-dollar payments. As a result, these firms are often able to significantly improve cash flow and funds availability by processing payments with an in-house solution like J&B's Media/Communications Package. Other financial benefits include the elimination of lockbox fees from outsourcing, improved funds availability, automatic invoice matching and enhanced research capabilities. Today technologies have improved to a point to where these solutions are cost effective and easily implemented and maintained.

Media/Communications Package Improves Days of Sales Outstanding

Days of Sales Outstanding (DSO) can be improved with Media Payments because funds hit your account earlier than they would with an outsourced lockbox. The savings in interest from the additional cash flow can alone justify the solution.

Media/Communications Package Saves on Lockbox Processing Fees

Once the solution is in place, companies will save on lockbox fees. In addition, many companies do not need to implement additional resources to manage the Media Payments solution in-house.

Media/Communications Package Extends the Payment Processing Window

Many companies can extend the time that they can process payments each day. This improves their availability of funds.

Media/Communications Package Improves Research Time

Users can simply key in the check number, date, amount or other payment identifiers to easily locate an item.