OnGuard Cash Allocation matches received payments against outstanding invoices in your OnGuard database and provides real-time payment information to your collectors preventing unnecessary communication with your customers. This software learns and improves over time. It prevents unnecessary actions by making payment information available to your collectors so you no longer risk calling up customers that have already paid. You do not bother your customers when not needed and you can spend your time on the right actions. You will save time in your processes and enjoy the benefits of improved insight into customer behaviour. In addition to matches on payer, debtor and invoice, OnGuard Cash Allocation uses information on customer groups, promised payments and payment plans to increase the accuracy of matching.
Processing incoming payments is a labour-intensive process. OnGaurds cash allocation solution, matchmaker allows them to automate this process. The extremely extensive and intelligent matching rules help you to automatically match at least 80% of payments to a customer and an invoice. This saves you time right away, so that you can focus on exceptions.
- Specific matching methods
- Complex reconciliation algorithms
- Automated distribution of payments
- Suggestions for further (manual) processing
- Automatic processing of payment discount lines
- Role-based’ authorisation
- Delivery of journal entries to the accountancy system or ERP package
- Extensive process checks within the entry run
- To be implemented individually or in combination with CreditManager and/or Collector
Multiple administrations possible in one database in multiple languages and currencies. Suitable for international organisations.
SOFTWARE AS A SERVICE:
A fixed amount for each employee per month and always the latest version of the software available. Therefore, no large investments (fast Return on Investment) and your IT department will have less work.
Higher reconciliation percentage and therefore higher productivity through the automatic processing of payments.
Smarter and faster payment processing.
SAVINGS IN TERMS OF TIME AND MONEY:
Effective deployment of employees. For example, with regard to exceptions and other financial administrative jobs.
HIGHER EMPLOYEE SATISFACTION:
Less ‘production work’.
MICROSOFT GOLD PARTNERSHIP:
Support at the highest level and security and continuity of your solution.
Have a watch of the video below to get a better understanding!