Infor10 Distribution Express (FACTS) Accounts Receivable

Infor10 Distribution Express FACTS' Accounts Receivable System provides critical tools to help your financial processes become more productive, more efficient and more accurate.

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Optimize Financial Processes and Mitigate Risk Other than inventory, no asset is typically larger than a distributor's accounts receivable. Infor10Distribution Express (FACTS)offers a complete set of tools that enable distributors to optimize financial processes, decrease operating costs, and mitigate risk. Infor allows you to better manage receivables by providing extensive reports and inquiries that are both convenient to access and easy to use.

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Cash Receipts

Accounts Receivable includes functionality that allows you to save time and efficiently manage your cash receipts.

• Quickly apply checks using the Auto-Apply function
• Find a customer by entering the invoice number from the remittance of a check
• Mark unapplied amounts of received cash as "on-account" for later application
• Apply miscellaneous cash straight to a General Ledger account
• Use Automatic Credit Application to apply a customer's credits to outstanding invoices
• Apply credit card payments to receivables
• Import and apply electronic payment data automatically from your bank
• The Returned Check function records bounced checks in the system so the customer'saccount is accurately reflectedOptimize Financial Processes and Mitigate Risk

Customer Inquiry

You can make financial decisions with more confidence because Customer Inquiry puts all the information you need right at your fingertips.

• View open and closed invoices with drill-down to the actual invoice
• Open sales orders with drill-down to the actual document
• Aging figures and payment history with detailed check data and credit check criteria
• Ledger Cards, to view the transactions that make up the customer's balance
• Sales figure summaries, customer notes and more

Customer and AR Document Notes easily and quickly convey vital information to employees:

• Customer Notes can be created in multiple categories, such as collection or general notes
• Urgent notes pop up in critical areas where communicating vital information is essential
• AR Document Notes can track history on the collection efforts for a particular invoice

Better Manage Your Assets

These features make managing your AR assets more efficient and accurate allowing you to improve your cash flow.

Dunning Letters based on user-defined criteria can dramatically improve your collection rate:

• Specify how many days past due an invoice has to be to appear on the dunning letter
• Base generation of Dunning Letters on invoice or due date
• Create up to 5 unique letters, each increasing in urgency based on severity of lateness
• Set a minimum overdue balance required to create and send a dunning letter

 Reports aid credit management and collections processes while providing several options:

• Open Receivables Report and Aged Trial Balance can be restricted to disputed invoices only
• or for just those customers over their credit limit
• Sales History Report gives a quick snapshot of sales, cost and gross margin per customer
• Use the Check History Report and Ledger Card Print to resolve customer account issues

Key Reports

Accounts Receivable provides reports including:

• Open Receivables
• Aged Trial Balance
• Sales History
• Check History
• Output formats include HTML, XML, Microsoft Excel®