TOTVS Antecipa optimized the company's cash flow, with the convenience and practicality of being 100% integrated into the management system
Labtest, a reference in the biotechnology market and the largest Brazilian in vitro diagnostics industry, found in the TOTVS Techfin portfolio the solution to one of the main problems of any business: anticipating receivables to optimize cash flow. The issue was resolved thanks to TOTVS Antecipa, a tool that speeds up and automates the process of receiving the company's future values.
Labtest started using the TOTVS system, the largest technology company in Brazil, in May/2021 and since then it has been able to significantly improve decision-making on the company's cash management. “With TOTVS Antecipa, visibility of the entire portfolio and cash flow became much faster and simplified our anticipation of receivables, one of the slowest in the Brazilian banking process. And all this with more competitive rates than what we find in the traditional market of large banks” says Emmanuel Tiago de Souza, Vice President of Finance at Labtest.
With the TOTVS Techfin solution, the anticipation of receivables is carried out almost immediately, in a few clicks. The tool is integrated into the company's management system (ERP) and the service is available immediately after being enabled by the TOTVS Techfin team, through credit analysis.
Labtest uses the ERP TOTVS Backoffice – Datasul Line, and Emmanuel highlights the advantages of the integration between the Techfin solution and the management system: “TOTVS Anticipa has had a great impact on our productivity. In addition to all the financial advantages for the company, it is a 100% solution integrated with the ERP. Everything is in the same system, we have complete visibility of the company. In three clicks and a few minutes, the advance money is already in our account”, he points out.
TOTVS Antecipa guarantees competitive rates without IOF (tax on financial transactions) and TAC (credit opening rate). In addition, the platform allows access to the portfolio's receivables, requesting advances, managing the anticipated portfolio and consulting information on limits and fees.
“The implementation of the system is simple and easy. At Labtest, in a few weeks the system was configured, tested and put into practice, with a return to the financial area in a short time. With this, we bring efficiency and productivity in cash management to companies of all sizes, allowing them to focus and be even more competitive in their business”, concludes Eduardo Neubern, executive director of TOTVS Techfin.
