How SmartBix Transformed EFCO’s Billing and Receivables Management
How SmartBix Transformed EFCO’s Billing and Receivables Management
- March 5, 2025
- 4:51 pm
EFCO, a global leader in innovative formwork and shoring solutions, is also pushing boundaries to continously innovating their back-office operations. As part of their innovative initiatives, EFCO Philippines adopted SmartBix, the ERP solution developed by Hivelabs Technologies, to enhance and accelerate their financial processes.
With SmartBix’s Finance comprehensive system that simplifies financial management—from managing the chart of accounts to journal entries and financial summarization. Seamless integration with the Invoicing and Purchasing modules also enables automatic generation of Statements of Account for both clients and suppliers.
Moreover, SmartBix’s Real-Time Financial Reporting Module empowers businesses to monitor financial performance at a glance. This real-time visibility into their business health supports timely and informed decision-making.
To realize these benefits, businesses can adopt SmartBix’s cloud-based ERP system, gaining a secure, automated, and scalable solution to streamline financial operations.
SmartBix Impact on Innovating Financial Management:
*Automated Billing & Invoicing
Generate, send, and track invoices automatically, reducing manual errors and processing time. The system ensures that invoices are sent on time with accurate project-based details.
*Seamless Receivables & Collections Management
SmartBix enables businesses to track outstanding balances, send automated payment reminders, and forecast cash flow more effectively—leading to improved collections and reduced payment delays.
*Real-Time Financial Statement Generation
Previously time-consuming financial reporting is now automated, providing accurate, up-to-date financial statements for better decision-making.
*Cloud-Based Accessibility & Security
With SmartBix’s secure cloud infrastructure, business finance team can access data anytime, anywhere—improving collaboration across multiple locations.
*Scalability for Growth
As business continues to expand, SmartBix provides a flexible and scalable ERP solution that adapts to their growing business needs, ensuring long-term efficiency and financial control.
Driving Growth & Financial Excellence
With SmartBix ERP, brought improvement of cash flow management, and enhanced financial transparency—empowering businesses to focus on business growth and operational excellence.
SmartBix: Powering Smarter Finance for Industry Leaders.