ACCOUNT RECEIVABLES

Part of an integrated system of applications covering all receivables related functions whereby the receivables can be of various kinds. 

Ocean Receivables module provides the user with all financial data on receivables and supports that all receivables are collected timely. As the module provides relevant information the decision making is made simpler whereby the productivity gets improved.

Ocean Receivables is closely coupled with other modules of Ocean Financial Application Package: Ocean Payables, Cash Management and General Ledger

> more on Ocean Receivables module

FUNCTIONALITIES AND FEATURES

Receivables of various origins, registering and supervision of the changes
Data processing and corresponding reporting
Receivables on behalf of client and customer
Real time processing of financial transactions
Broad range of possibilities for invoicing and collecting of funds
No limits on the number of transaction types with different accounts and defined entry rules
Besides conventional approach, multi-segment data access enabled
Automatic choosing and closing depending on maturity
Data on fund/cash amount is available at any moment
Gathering of information on all payments (invoices, fund returns, revenue etc.)
Control of transactions with minimum input data, generating of credit and indebtment notes
Automatic receivables create open items in GL 
Maintaining the data on client status and possibility of automatic creating in the General Ledger 
Timely invoicing for consolidated and individual fund collecting
Liquidity - grouping of debtors per monthly receivables and due dates
Creating of reminders for outstanding balances
Risk Tracking - combined with Ocean Risk Analysis
External system data interface - banks.
Reporting in MS Word and Excel.