IBS Accounts Receivable lets you manage and monitor every payables process including:
- Customer set-up – including credit status, payment terms & methods, and partner structure relationships
- Invoice processing – automatic invoice update, rebate handling, stepwise processing, multiple VAT rates, instalment payments, etc
- General Ledger Accounting – with expense coding, invoice allocation over time, revaluation based on currency fluctuation, etc
- Incoming payments – multi-currency order summary & settlement, batch payments, automated cash allocation, credit note management, automatic posting, etc.
- Drafts and bills handling – manage draft proposals and acceptances, create and remit bills portfolio…
- Credit management – effective credit control, automated hold & release, customer credit profile, re-aging, etc
- Enquiries – age and cash flow analysis, credit control and follow-up, full drill-down…
- Extensive reporting – cash flow and age analysis; customer lists and labels; transaction listing, open items, payment statistics, reconciliation and more.
It’s all completely transparent, trackable and auditable to deliver unparalleled levels of management visibility into the entire sub-ledger and its impact on the business.
The benefits
Our Accounts Receivable functionality helps you:
- Improve cash flow with precise control of all receivables
- Minimize bad debts – with tight controls and early warnings
- Keep customers happy with accurate, timely billing
- Automate processes to drive down costs
- Minimize errors that clog up processes
- Protect profits with rule-driven transactions
- Drive down costs through process efficiency
- Enforce policy through every step