Finances
Receivables and payables management
Manage receivables and payables for: 1) reducing the risk of bad debtors 2) increasing sales using an effective credit policy
The system allows to effectively solve problems
Management of receivables and payables for each reporting date with different levels of details
Use of credit limits in the management of accounts receivable
Set-offs and debts write-offs
ABC-analysis, turnover and quality of accounts receivable monitoring
Estimate of possible expenses related to receivables and accounts payable
Price policy for different groups of counterparties generation from the point of view of compliance with them payment discipline, credit history
Building a personnel motivation system based on compliance with levels of accounts receivable and payable
Autogeneration and dispatching of tasks, payment documents for supporting critical or other conditions of contracts of levels of payables and accounts receivable
Management of accounts receivable and payable
The module provides automation of accounting of settlements with contractors in all areas of accounting of settlements: with suppliers, contractors, customers, clients, other debtors and creditors.
Provision is made for the formation of turnover balance sheets of debt accounting in various sections:
- by contractors
- by contracts
- by supporting documents – financial regulatory documents
- by documents (operational settlement documents)
- by departments
- by articles of analytical accounting and arbitrary types of analytics, etc.
The calculation and analysis of consolidated receivables and payables by organizations is carried out:
- by reporting periods
- by organizations and regions
- by aging – the structure of debt by periods
- by accounting sections – the structure of debt by sections
- by increase/decrease of debt by period
- by divisions of services
- by «initiators» of debt
- by managers responsible for product sales
- by periods of aging debt, etc.
Advantages
of our system
Maintaining parallel accounting of tax liabilities settlements, by confirmed/unconfirmed tax credit
Generating a consolidated card file of settlements with contractors for an arbitrary period
Generation of accounts reconciliation statements with the company for any period in the accounting currency, in any analytic currency
Tracking the entire debt chain: from the total amount to the primary document
Graphical representation of indicators for assessment of receivables and payables
Supporting various debt management models in the regulated and management accounting
A large amount of analytic breakdowns while registering and representing receivables and payables
Still, have questions?
How the implementation takes place
Cases
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