Direct Debit Management Software

Integrates with all standard ERP AR data and with Email Remittances, Bank Reconciliation, Bacstel-IP, SEPA and Benelux Processing. Caters for all bank interface requirements.

This module facilitates automatic updates to A/R and G/L once collections are completed. It creates a direct debits file based on either invoice due date or discount due date. Multiple collection contracts are possible per customer and invoices/customers can be de-selected based upon specific customer requests. Advanced functionality enables   collection of invoices based upon instalments. For customers who require pre-approval before collections are carried out, there is a pre-authorisation function. The module is configurable for different collection periods and phases.

This module enables a more efficient business process, allowing you to have more control over the collections cycle. For example, it includes a dishonour function for failed collections (reversing A/R and G/L entries) for chosen customers. Expect to improve cash forecasting accuracy based on predictable, quantifiable planned collection dates and amounts.

Cashbook direct debit automation software enables BACS users to meet key AUDDIS originator requirements including:

• Submission of a test AUDDIS file to BACS containing genuine bank details and at least 3 records of each AUDDIS transaction code 0N & 0C (zero N & C).
• Converts all current DDI files to AUDDIS.
• Transmits a DDI to the paying bank using  transaction code ‘0N’ within 10 working days of the customer signing the DDI.
• Once an AUDDIS user, all future DDI’s can be submitted via AUDDIS.