Cash Application
How Does it work?
CVG Value+ cash application functionality can be broken down into 5 distinct areas:
- Fully automated payments/invoice matching
- Configurable auto-matching batching based on matching parameters and rules
- Manual matching based on a user-interface and drag-and-drop style processing
- Payments communication internally and externally to customers
- Reverse-load to ERP system of matched payment/invoices
Benefits
- Maximisation of auto-matching with minimised manual error-prone input
- Payments/matching time reduced
- Through auto-matching at the front-end and tools to facilitate easier manual matching, lower FTE headcounts can be achieved
Unique Functionality
When cash application is combined seamlessly with the Accounts Receivable process, it provides collectors with the information they need when chasing invoices which may have been partially paid.
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“The most sophisticated Collections and Dispute Management System in the world”
Project Sponsor, Global Electronics Giant
Bridging the Gap
The tighter economic conditions have prompted businesses looking for competitive advantage with their customers to implement best practice software that integrates AR credit and collections with customer service management, as Dickie Bielenberg explains.
