Credit and Collection
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Automation with Powerful Accounting Features
Automate your credit and collection activities with powerful accounting features.
Surf through your invoice details and payments across all your connected systems and perform automated accounting tasks such a period end reclass.
Control your bad debt provision process and automate your daily credit and collection activities so that you can focus on collecting your cash.
ANALYTICS
- Generate a consolidated aged trial balance by invoice items with key information by document, posting and due dates.
- Create your corporate structure to easily analyze your outstanding receivables by business partners, standardized items and more. For example, if you have 326 different item codes across all your invoices that really represents the same item, simply map these source items to your master item code and there you have it, a simple view or your standardized items.
- Having different items on your invoices that are not handled the same way from an accounting perspective ? Now when you receive partial payments, what is the receivable at the end of the period ? Is it a customer deposit or a trade receivable ? And what if you needed to invoice your client but cannot record this revenue and receivable because of IFRS 15 for example ? No worries, our solution is the answer to all those questions. Automatically generate the accounting reclass entry based on your needs !
- Prioritize partial payment application on invoices items based on your standard item codes.
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ENHANCE YOUR COLLECTION PROCESS
- Define your credit categories to capture and manage your invoice line items. These categories represent what you want them to be. For example, you could have a bad debt category, an intercompany category, a customer deposit category, etc.
- Automate the assignment of credit categories to invoice line items and spend your time performing more valuable tasks.
- Submit invoice line items as you are analyzing your receivables or performing collection to your credit categories.
- Determine the percentage of allocation into a credit category in order to perform an accurate segregation of your receivables by invoice line items.
- Control the credit and collection submission. Review your credit category requests to approve, modify or reject while keeping an audit trail.
- Focus on calling your clients to collect your cash while having information at your fingertips.
- Document your collection activities by adding notes to the client file where everyone who has access can see.
- Increase your collection efforts with information at your fingertips.
- Become very efficient with powerful collaboration tools in a centralized environment.