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<h2>1. Difficulties for sales staff when tracking debt using Excel files&nbsp;</h2>To monitor their sales and debt, most salespeople nowadays still rely on conventional tools like Excel or Google Sheets. Data from many sources including contracts, receipts, and invoices must be manually entered into personal tracking files. They enter the fresh transaction data into these spreadsheets every time. Along that procedure they ran into the following challenges:<h3>1.1. Challenging to handle big amount of customers&nbsp;</h3>Tracking debt using Excel files is somewhat challenging when a company has many suppliers and customers. Every client and supplier has unique transaction data, hence entering and maintaining this data in an Excel file calls for great attention. This requires a lot of time and effort even if it helps salespeople understand data. Particularly in cases of high transaction volume, hand data input may often result in mistakes, therefore compromising data accuracy.<h3>1.2.Difficulty in tracking debt of many customers at the same time</h3>Excel files cause even another issue as data is kept as separate files. Sales staff have to gather data from many files then synthesize manually when they need to create a report. Apart from time-consuming nature, this procedure is prone to mistakes and uncertainty.<h3>1.3. Difficulty in synthesizing debt reports</h3>Tracking accumulated data at the conclusion of the term is difficult using manual management techniques. Businesses struggle to quickly understand the state of approaching debt, which results in challenges managing cash flow. This influences solvency as well as potentially seriously disrupts firms' finances.<h2>2. Risks when using Excel spreadsheets in businesses</h2>Management of company data using Excel spreadsheets has resulted in several major mistakes. For instance:<ul><li>Public Health England (2020): Excel data processing restrictions caused lost 15,841 test results, therefore impairing disease control.</li><li>Fidelity Magellan Fund (1995): Typographical mistakes causing 2.6 billion USD in financial disparities compromising the fund's image.</li><li>University of Toledo (2004): A mathematical mistake resulted in a $2.4 million budget estimate miscalculation, therefore lowering budget efficiency.</li><li>London Olympics (2012): incorrect data input oversold 3,000 tickets results in financial loss.</li></ul>An FSN study shows that, despite substantial danger, 71% of companies still rely on Excel, indicating ignorance of possible hazards. These courses underline the need of managing data differently in order to raise corporate security and efficiency.<h2>3. Visualize debt information right on your phone</h2>One of the outstanding features of the SaleX application is the ability to provide debt information visually. Instead of having to look at raw numbers in Excel files, sales staff can easily track the debt situation as shown below.<figure class="image"><img src="https://api.estuary.solutions/estuary-web-mediafile/file/36e7d0e3-721e-4f4e-ba71-fd06aa119f56"></figure>On the customer debt list page on the SaleX application, there is information to help sales staff understand the current debt situation based on the sales staff's total remaining debt and the debt limit assigned by Sales manager on their Sales staff. From there, sales staff can plan sales strategies so that debt does not exceed the allowed debt limit.<figure class="image"><img src="https://api.estuary.solutions/estuary-web-mediafile/file/163f7495-ad23-4065-ba43-76fc805326bf"></figure>Moreover, on the debt invoice list page of each customer, sales staff can also view detailed information about debt invoices such as the total number of days overdue, invoice code and total debt of the customer to remind customers not to exceed the repayment deadline.A big advantage of SaleX is its portability and convenience. With cloud computing platforms and mobile applications, sales staff can access the system and track sales and debt information anywhere and at any time. This is especially useful in current context when many businesses are switching to remote working or have employees working in many different locations. Thanks to SaleX, sales staff are no longer bound by space and time, they can work more flexibly and effectively.<h3>3.1 Information is updated and synchronized quickly</h3>SaleX allows data to be updated and synchronized instantly. Every time there is a new transaction or when information needs to be changed, the system will automatically update and synchronize data. This helps ensure that all information is accurate and continuously updated.Rapid updating and synchronization not only helps minimize errors but also enhances transparency in information management. Sales staff and other departments within the company can easily access the same source of information, thereby improving work efficiency and minimizing problems caused by inconsistent information.In the digital age, applying technology solutions to sales and debt management is an inevitable trend. SaleX application not only helps sales staff work more effectively but also brings many practical benefits to businesses. With SaleX, tracking sales and debt is easier, more intuitive and more accurate than ever. Not only does it save time and effort, SaleX also improves analysis and decision-making capabilities, thereby helping businesses develop more sustainably.&nbsp;To register for the trial of<a target="_blank" rel="noopener noreferrer" href="https://estuary.solutions/services/internal-working-system"> SaleX - Sales Management System</a>, please contact:Estuary Joint Stock companyHotline: 028 6276 1700Email: thuyhoang.nguyen@estuary.solutions or info@estuary.solutions&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://estuary.solutions/contact?msg=Request+Demo+Sale+Automation+%26+CRM+%28SaleX%29&amp;service_id=3">REGISTER FOR SALEX DEMO NOW</a>

Debt tracking is more convenient with the SaleX application

Thuyhoang

Tracking debt and sales does not always go well. Using manual techniques like Excel files or depending on other divisions in the firm still presents challenges for many sales people. The SaleX programme was developed to provide more debt and sales management ease, therefore addressing this issue.

Debt tracking is more convenient with the SaleX application

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