AMCS has globally launched the AMCS Platform 2023 summer release. The release offers important new features, including:
- Order-to-cash automation helps simplify and accelerate cash flow. Newly streamlined and optimized processes enable operators to invoice faster and more easily, so they can get paid sooner. A new cash collection management module provides automated credit control to collect all receivables.
- Maximized asset utilization: The new equipment inventory module optimizes visibility and control over container assets by identifying slow-moving containers, ensuring they're available to meet market demand. This helps operators to optimize sales and minimize the costs associated with the physical loss of containers.
- Updates to the transport solutions platform user experience will boost the scheduling and maintenance productivity of both fleet owners and planners, empowering them to optimize the utilization of company fleet assets.
- The digitalization of purchase to pay. A streamlined process will allow recyclers to manage tickets for the purchase of feedstock. Scrap recyclers can capture supplier data quickly and easily to ensure regulatory compliance. Integrated supplier payments allow cash (including ATM), check, and ACH, as well as emerging digital instant payment types (using AMCS Pay) including push-to-debit and pre-paid cards. These processes will accelerate purchasing, compliance, scale, supplier payment, and financial tasks.
"Our continued investment in automation processes is the major theme of the AMCS Platform. The summer '23 release delivers real business value," says Elaine Treacy, global product director at AMCS. "Newly optimized ‘order to cash' processes will drive faster payments with less effort, reducing the risk of overdue payments and bad debt. Our new streamlined ‘purchase to pay‘ enables recyclers to purchase feedstock in an efficient and regulatory-compliant manner. In addition to supplier settlements using cash and checks, we are introducing exciting digital payment options."
The investment in the user experience of AMCS' platform and a new equipment inventory feature will allow users to drive greater utilization and financial return from their container and truck assets. Other highlights of the summer release include:
- Full integration of AMCS Vision AI into the AMCS Platform, providing new dashboards for insight as well as options to automatically charge for exceptions such as overfills and contamination.
- A new Sustainability Dashboard on the AMCS Customer Portal enables the ability to share sustainability performance metrics with their end users.
- New self-serve features, including support for interactive voice response (IVR) for PCI-compliant payments and the digital exchange of duty of care (U.K.) compliance documentation.
- For municipal operators, more streamlined invoice processing of direct residential subscribers and enhanced controls on the service status of customers, depending on their payment standing.
- An updated AMCS Academy online training platform.
