Cashbook’s Direct Debit module allows companies to automate the collection process for direct
debit customers. 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).

Cashbook uses the ERP data to select invoices due across company unit, currency and within a
specified date range. It then generates a collection file in your banks file format. 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.

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 includes ability to collect invoices
based upon instalments
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
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