| This highly automated feature greatly
improves transaction accuracy while increasing productivity by allowing automatic cash
posting using customer numbers or customer bank information. You have the ability to
establish those parameters which best satisfy your business practices. Benefits:
· Improve productivity by
eliminating 80% of manual cash posting labor - your cash will automatically be posted
based on user parameters.
· Improve transaction accuracy with established parameters -
automatic cash posting will eliminate human errors while the system looks at the
customer's bank information for processing.
· Provides an up-to-date picture of your receivables in a timely
manner - automatic cash posting updates your system as it is received which improves
on-line visibility to your current AR position.
Features:
· Receives payments using the EDI 820 transaction set.
· Posts the cash based on system control
parameters.
· Auto creates a cross-reference file based on the
customer and bank information if none previously established.
· Allows processing multiple banks and lock boxes
to be used for a given customer.
· Partial payments are supported.
· Establishes unapplied cash for left over monies.
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