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Month: December 2016

How to Maximise AR Efficiency with Cash Allocation Software

Companies looking to increase their accounting efficiency will almost invariably begin by analysing their accounts receivable process, specifically when it comes to cash allocation. Done manually, the cash allocation process can be a frustrating, time-consuming activity, requiring the focus of multiple staff who could be working on reducing DSOs or resolving deductions. Instead, a team is spending entire days matching amounts received from various sources to open items on a sales ledger, often without the help of remittance slips. Once matched, it’s another process to update the customer account and […]
Cashbook Software attends MeetWest in Mayo

Cashbook Software was delighted to have attended MeetWest at the McWilliam Park Hotel in Claremorris, Co. Mayo in November last. MeetWest is the Annual Business Networking event for businesses that look to connect with other businesses in the West of Ireland. As a company with offices in Limerick and the U.S., Cashbook Software is delighted to have supported this event. All credit goes to the superb staff of Galway, Mayo and Roscommon County/City Councils along with Enterprise Ireland, the IDA & the wonderful attendees, guest speakers, contributors who hustled with […]
How Progressive Global Companies Manage Lockbox Processing

Lockbox banking is arguably an indispensable part of doing business in the modern global economy. Banks provide localised lockboxes to receive remittance payments from customers, then collect and process the payments, typically on a daily basis. Particularly for large multinational companies, lockboxes offer substantial benefits, from expediting deposits and reducing internal processing costs to providing a local address for customers. Lockboxes offer greater efficiency and visibility Since the origin of lockbox banking in the 1930s, banks have offered more complete and sophisticated methods for large organisations to expedite remittance processing. […]
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