The New A/R Payments feature introduces significant improvements to our accounting workflows. These upgrades are designed to enhance efficiency and accuracy in our financial processes.
Benefits of the New A/R Payments Feature
Improved Auditability and Traceability: Enhances the ability to track transactions, ensuring every activity is easily traceable and auditable.
Efficient Handling of Unapplied Balances: Streamlines the management of ‘on-account’ balances, reducing complexities associated with unmatched payments.
Seamless Multi-Currency Management: Facilitates easy processing of multiple currencies, enabling smooth handling of international transactions.
Streamlined Workflows for High Transaction Volumes: Optimizes processing for large numbers of transactions, ensuring speed and accuracy.
Key Outcomes for Accounting Teams
Faster reconciliation processes, saving time and resources.
Clearer reporting, providing more precise insights into financial status.
Reduced manual errors, minimizing inaccuracies in transaction processing.
See articles below for further information:
Centralized Payments Page & Multi-Currency Support
Unique Payment Numbering, Status Management & Audit Integrity
Payment Creation, Application & Bulk Workflows
Visibility & Cross-Linking Across Records
Edit Controls, Unapply & Validation Rules
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