Method and apparatus for managing account receivables

Details Method and apparatus for managing account receivables Method and apparatus for managing account receivables

2007-02-13

2007-02-13

Cuff, Michael (Department: 3627)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Accounting

C705S034000, C705S040000

Reexamination Certificate

active

09561655

ABSTRACT:
An Accounts Receivable System (ARS) provides an option to a client to outsource the client's accounts receivable function. The ARS is divided into five separate modules, which includes a Credit Inquiry Module, a Remittance Processing Module, an Accounts Receivable Claim Module, a Maintenance Module, and an Administration Module. The ARS provides a full range of trade receivables Credit & Collection services involving credit evaluation, credit granting, customer collection and account reconciliation, cash receipt, application and banking, all account receivables (A/R) reporting, consolidation, including customer statement preparation and mailing, ending with direct feeds to the client's general ledger system (G/L) for the client's financial statement preparation.

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“Lasalle Bank Sets Up Outsourcing Package”, Item Processing Report, v8, n25, p. N/A, Dec. 18, 1997, no author.

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