 |
January 20, 2005 Bowling and billiards manufacturer contracts Cantilever to reduce overdue A/RWEST LAFAYETTE, Ind. - Brunswick Bowling & Billiards has contracted Cantilever Technologies LLC, a Purdue Research Park software company, to implement a system that will improve its accounts receivable collections process. "As part of the collections process, Brunswick's credit collections personnel allot a significant amount of time to pinpointing problematic accounts, and then deciding upon and taking remedial actions," said Julie Goonewardene, Cantilever's president and CEO. "Our software, the Readiness Engine(r), will help the company better respond to overdue A/R accounts and significantly reduce their Days Sales Outstanding." Once an overdue account is detected, the Readiness Engine(r) automatically tracks all activities related to the account, and accelerates the collections process by prompting appropriate personnel based on a best-practices process. "This allows the credit department to resolve problem accounts and reconcile them to current collections activity and status more quickly and efficiently," Goonewardene said. About Cantilever Technologic LLC Cantilever Technologies is a pioneer in real-time decision and exception management solutions. Its software, the Readiness Engine(r), makes it faster, easier and more cost-effective for companies to analyze, understand and resolve problems related to everyday exceptions. Founded in 1999, the company has its headquarters at the West Lafayette, Ind.-based Purdue Research Park (www.purdueresearchpark.com), named the top research park in the nation in 2004 by its peers at the Association of University Research Parks. About Brunswick Bowling & Billiards Lake Forest, Ill.-based Brunswick Bowling & Billiards makes bowling equipment and supplies and operates more than 130 family bowling centers throughout the United States, Canada, Europe and Japan. The company, a subsidiary of Brunswick Corp., reported net sales in 2003 totaling $392.4 million. Sources: Jeanine Phipps, media relations, (765) 494-0748 (office), (765) 409-2745 (mobile), jeanine@purdue.edu Julie Goonewardene, president and CEO, (765) 775-4552, jgoonewardene@cantilevertech.com |
