Accounts Receivable

With Accounts Receivable, you manage open receivables invoices that are automatically created from sales processes. You manage and control open items with various analytical tools to optimize accounts receivables handling. The primary source of incoming payments is incoming bank statements loaded within the Cash Management process. They are automatically reconciled with open invoices. Easy-to-use views make the post processing of open items convenient and efficient.

Alternatively, manually post incoming payments and easily reconcile the payment with an open item. Several analytical tools are available to monitor the receivables, allowing you to react quickly if you discover a declining payment discipline among your customers. You can easily create dunning letters for overdue items and follow the dunning history of your customers.

Key Process Steps Covered

  • Manage and complete customer master data
  • Analyze open items
  • Reconcile open invoices with incoming payments automatically
  • Process unassigned incoming payments to open invoices easily and efficiently
  • Analyze efficiency of payment collection processing
  • Process customer correspondence
  • Process overdue item interest calculation

Benefits

  • Provide more detailed and comprehensive analysis of Accounts Receivable
  • Provide automatic incoming payments clearing with the Electronic Bank Statement and rule-based reprocessing for uncompleted items
  • Process dunning of overdue items easily
  • Process customer correspondence such as account statement or balance confirmation easily
  • Provide item level interest calculation for overdue invoices