Posted by Adam Polka | April 9, 2018
MODEX 2018, Tecsys Booth #B2615, April 9, 2018 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, announced today Tecsys’ BMS, the most agile and dynamic monetizing and billing management system in the market today. It empowers third-party logistics providers to create and bill 100% of services to their clients, eliminating lost business and billing opportunities due to lack of backup documentation during clients’ auditing process.
“Monetization and billing of services is crucial to driving revenue growth and profitability for 3PLs of all sizes,” stated John Reichert, Sr. Director, Supply Chain Execution Solutions at Tecsys, “For too many 3PLs, emails, post-it notes, and other forms of unstructured documentation hold essential information for monetizing and invoicing of services. In addition, the launch of new business initiatives, rapid addition of customers, creative and innovative pricing and billing models can all be enabled by the latest in Tecsys’ BMS, which makes it possible, for the first time in the industry, for 3PLs to truly bill 100% of services rendered.”
Tecsys’ Billing Management System (BMS) empowers 3PLs to accurately monetize, manage current and potential services billing, track costs on an activity basis, reduce collection times, and heighten client service levels. It can also be leveraged to eliminate time-consuming manual processes and help avoid missed billing opportunities and lost revenue.
As a central system, Tecsys’ BMS captures billing requirements for all customers across all facilities with consolidated invoicing. In addition to warehousing, Tecsys’ BMS can provide billing of other services such as transportation and delivery management and value-added services.
Tecsys’ BMS enables 3PLs to schedule billing based on events such as contract renewals, materials handling transactions, warehouse capacity utilization or client-specific events. For example, the system can trigger billing based on recurring warehousing, or for any periodic, non-transaction-based charge. The out-of-the-box system can use any variable of the more than 260 monetization rules already built in.
Tecsys’ BMS provides monetization and billing for multi-attribute types of logistics services as well as variable and unpredictable services of several categories. As a tool for complex pricing, Tecsys’ BMS automates billing based on transaction type, cycle and owner. It generates accurate invoicing and detailed billing visibility across the 3PL.
Holistic visibility and traceability are hallmarks of Tecsys’ BMS. The system enables 3PLs to see variables and unforeseen situations in detail, down to the item level. If desired, data auditing may be delegated to the client, and detailed cost justification can be transparent during the auditing process to reduce costs.
Tecsys provides transformative supply chain solutions that equip our customers to succeed in a rapidly-changing omni-channel world. Tecsys solutions are built on a true enterprise supply chain platform, and include warehouse management, distribution and transportation management, supply management at point-of-use, as well as complete financial management and analytics solutions. Customers running on Tecsys’ Supply Chain Platformare confident knowing they can execute, day in and day out, regardless of business fluctuations or changes in technology, they can adapt and scale to any business need or size, and they can expand and collaborate with customers, suppliers and partners as one borderless enterprise. From demand planning to demand fulfillment, Tecsys puts power into the hands of both front line workers and back office planners, and unshackles business leaders so they can see and manage their supply chains like never before.
Tecsys is the market leader in supply chain solutions for health systems and hospitals. Over 600 mid-size and Fortune 1000 customers trust their supply chains to Tecsys in the healthcare, service parts, third-party logistics, and general wholesale high-volume distribution industries. Tecsys’ shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
The statements in this web site relating to matters that are not historical fact are forward looking statements that are based on management’s beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that Tecsys Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of Tecsys Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with Tecsys Inc.’s business can be found in the MD&A section of the Company’s annual report and annual information form for the fiscal year ended April 30th, 2017. These documents have been filed with the Canadian securities commissions and are available on this Web site and on SEDAR .
Copyright © Tecsys Inc. 2018. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.
Tags: Billing Management System, BMS, Press Release
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