Automated Customer Direct Debits

Testimonial

Customer Direct Debit

Cashbook Direct Debits allows companies to automate the collection process for direct debit
customers.

Cashbook uses the ERP data to select invoices due across company unit, currency and within a
specified date range. Cashbook generates a collection file in the format required by your bank.
The bank then processes the collections with receipts deposited directly to your account.

Cashbook Direct Debits includes Administration features for managing Customer bank account
and contract details. Cashbook Direct Debits can be used with any of our international banking
interfaces.

Implementing Direct Debits across even a portion of your customer base can reduce A/R
processing time and can radically improve company DSO (Days Sales Outstanding).

Features:

Creates Direct Debits File based on either invoice due date and discount due date
Integrates with all standard ERP A/R data
Administration of Customer Account and Bank data
Multiple collection contracts possible per Customer
Invoices & customers can be de-selected based upon specific customer requests
Pre-Authorization function for customers who require pre-approval before collections are
carried out
Configurable collection periods and phases
Automatic updates to A/R and G/L based on Collections completed
Dishonour function for failed collections (reversing A/R and G/L entries) for chosen
customers.
Caters for all banking interface requirements
Integrated with Email Remittances, Bank reconciliation, Bacstel-IP, Benelux Processing

Benefits:

Automates the Collection process and reduces average time spent per invoice in A/R
Direct Debits can reduce DSO by an average of 10 to 20 days
Clean, efficient business process allows you to have more control over the collections cycle
Improves Cash Forecasting accuracy based on predictable, quantifiable planned collection
dates and amounts