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Account Receivable Analysis

Purpose

Account Receivable Analysis was written to help companies facing various challenges, not handled properly by their ERP systems.

1. Get Net Receivable for Pharmaceutical Manufacturers, Health Clinics and others.

Receivable amounts from wholesalers need to be decreased by the amount of chargebacks, rebates and other discounts, because these amounts are deducted by wholesalers automatically. Some banks would demand manufacturers to provide the Net Receivables.

Health clinics have large receivables from insurance companies. Before these receivables are paid, they need to be improved by the insurances, and the approval rate is certainly below 100%. Estimating which of the outstanding invoice lines will or will not be paid is critical for valuation the clinic and for other true analysis.

2. Monitor AR Collector Performance

Big companies have several AR collector teams, run by several managers. Monitoring activities of each collector and each team in terms of both amounts collected from which aging period is critical to ensure that AR is not increases and debts don’t stale.

3. Provide AR Collectors with Instant Access to All Data

When collector is on the phone with the customer, he or she needs to have an istant access to all customer accounts, if more than one, and to all outstanding invoices.

4. Produce Financial Analysis Reports

Accountants often want to know Average Account Balances, Average Days Outstanding and other measures.

5. Extended Aging Periods

AR Analysis can expand aging periods from traditional 120+ days to 30 day or monthly periods for many more months.

These are the challenges, that Relasoft AR Analysis successfully addresses.

Here are some features and benefits:

Built-in Integration with Other Systems

AR Analysis works with any accounting software, and imports information in any format

Reports and Analytics

The program flexible interface shows AR Aging and customer details on any detail level and from many angles. Stored history allows to discover trends in collector performance and customer buying and paying patterns.

Reports cover all processing processing and reconciliations with the accounting software.

No Hardware Costs

Relasoft does not require dedicated servers to run. The manufacturer decides if the Suite runs locally, or in the cloud.

Relasoft AR Analysis is a great tool to have if you deal with non-standard AR requirements or consider buying a business with large AR.

Call 416-783-1027 or click on the next button to request a demo

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