National Association of Credit Managers Conference

Cashbook (Limerick, Ireland) shows commitment to the Accounts Receivable and Credit Management Community at the National Association of Credit Managers Conference May 18-21, 2008. With Anne Slowey from the Winsto- Salem, NC location and Katie Kelley from the Colorado Springs, CO location, Cashbook sponsored a booth at the in the conference Expo Hall in Louisville, KY. Cashbook provides the Credit marketplace with Lockbox Solutions and Bank Statement Reconciliation. Cashbook also offers a Global Payment Solutions as well as a new P-Card Reconciliation tool.

The Benefits To The Credit Community Include:

• Automation Of The Application Of Cash To Customer Accounts For Faster Turnaround Time.
• Deduction Handling In Cashbook Including The Ability To Send Email From The Deduction Creation Screen.
• Discount Handling With Discount Date Override From The Cashbook Processing Screen.

Accounts Receivable Module

• Allows a single lockbox solution for multiple systems and currencies.
• As long as customer numbers are included (with or without invoice information) the system can auto match many of the payments to streamline the allocation of funds and the clearing of invoices within the system.
• Discounts are taken into consideration when clearing invoices.
• Deductions can be created in Cashbook directly and then sent to the ERP system including the ability to send an email directly from the deduction screen.
• Cashbook has system access so end user does not have to have access to each of the systems or finance companies to run the process. This results in better access control to corporate financial data.
• The end user will have only the unmatched and the bank fee transactions to post on a single screen by selecting the invoices from a Cashbook list that make up the amount presented.
• Cashbook clears the transactions in the ERP system based on the selections in the Cashbook screen.

Reconciliation Module

• Cashbook pulling bank information from the bank directly and pulls the information from the ERP system(s) to create the bank statement reconciliation with the General Ledger entries for that account. The system auto matches the transactions and presents a list of exceptions. By checking the related entries, they will be marked as reconciled.
• Transactions not cleared can be marked for the next reconciliation process.
• No ERP system or Bank access is needed by the end user.
• This is a live feed from both the bank and system so reconciliation can be done on a daily, weekly or monthly basis as needed.
• No entries are made in the ERP system unless bank fee journals are needed. All reconciliation data is maintained within Cashbook.

Cashbook is an active member of the Credit marketplace and is proud to help the community with innovative time and cost saving solutions.