Manufacturing
AR solutions for Manufacturing
Receivable Automation
Our system integrates with manufacturer's ERP, accounting or merchandize sales system to capture invoice data and converts them into customer statements. Multiple invoices can be incorporated into a single statement. The statements include net payments including fees and interest charges and the due that the buyer needs to pay by. Payments from buyer's bank account are automatically applied to the system. New account processing, Communication and collections automation through dialer are also available. These and several other features make the credit offering process highly automated reducing operational costs significantly.
Credit Risk Management
CoreCard's Accounts Receivable management solution provides several features for the finance/accounting department to monitor and control credit risk and exposure. Some such features are ability to change credit decision model without any IT work, real time interface with credit bureaus, processing all loans for one customer from same account, ability to track profit or loss at invoice level and several reports for delinquency, payments, outstanding balance, charge-offs etc.
Flexibility
Each invoice can have different payment terms, credit decisioning rules can be tweaked any time, fees and interest parameters can be easily updated from web based interfaces. These and several other features provide business managers the flexibility they need to win customers from their competitors who offer rigid payment plans.
AR Management Solutions for Manufacturing Features
- New Accounts Processing (Browser of bulk loading, Optional bureau interfaces)
- Integration with GL, accounting or ERP software
- Customer Account Hierarchy
- Convert single or multiple invoices into statements
- Track profit/loss for each invoice
- Online bill presentment and payment
- Recourse/charge-offs
- Automatic payments
- Flexible underwriting
- Score Based Credit Limit Approval
- Delinquency Management & Chargeoff
- Statementing on Multiple Cycles
- Backdating Payments, Fees & Interest
- Multiple Payment Plans (revolving, installment, same as cash etc)
- Comprehensive reporting
- Integrated Collections module
- Champion Challenger Strategy Management
- Communication Automation