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By: Peter Poletti

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Accounts Receivable Processing Requirements Functions & Features

Functionality covered Allow either open item or balance forward processing of receivables;Compute late charges for customers not paying within a defined time period;Provide a purge process that moves accounts receivable master file records to a history file;Consolidate multiple-location customer billings into a single open item, due from one paying location;Inter-company receivables are processed and accounted for;For reporting purposes accept cash sales as a specially coded receivable and cash receipt;.. Accounts Receivable Processing Requirements Functions & Features are an important module of the comprehensive ERP RFP Template for Discrete Manufacturing.

The ERP RFP template with Accounts Receivable Processing Requirements Functions & Features for ERP is a Microsoft Excel spreadsheet (.xlsx) featuring a total of 3761 decision criteria. The ERP RFP template allows you to quickly and easily prepare the business, functional, and technical requirements sections of the solicitation package you'll send to ERP software vendors. It ensures for:

  • complete response from each ERP software vendor
  • deep and accurate evaluation of submitted ERP proposals
  • impartial side-by-side comparison of ERP solutions evaluated
  • rational and documented selection of the best matching ERP system

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The Accounts Receivable Processing Requirements Functions & Features comprise the following elements:

  • Allow either open item or balance forward processing of receivables

    Allow either open item or balance forward processing of receivables, Processing Requirements Functions & Features

  • Compute late charges for customers not paying within a defined time period

    Compute late charges for customers not paying within a defined time period, Processing Requirements Functions & Features

  • Provide a purge process that moves accounts receivable master file records to a history file

    Provide a purge process that moves accounts receivable master file records to a history file, Processing Requirements Functions & Features

  • Consolidate multiple-location customer billings into a single open item, due from one paying location

    Consolidate multiple-location customer billings into a single open item, due from one paying location, Processing Requirements Functions & Features

  • Inter-company receivables are processed and accounted for

    Inter-company receivables are processed and accounted for, Processing Requirements Functions & Features

  • For reporting purposes accept cash sales as a specially coded receivable and cash receipt

    For reporting purposes accept cash sales as a specially coded receivable and cash receipt, Processing Requirements Functions & Features

TEC Advisor can save you up to 90% of the time you would have otherwise spent figuring out on your own which ERP solution is the best for your needs.

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Functions and Features