Method and apparatus for managing remittance processing...

Details Method and apparatus for managing remittance processing... Method and apparatus for managing remittance processing...

2007-03-20

2007-03-20

Trammell, James P. (Department: 3693)

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

Automated electrical financial or business practice or...

Accounting

C705S028000

Reexamination Certificate

active

09563633

ABSTRACT:
The Account Receivables System's Remittance Processing Module accepts funds in domestic and foreign currency and translates the funds into the required local currency for reporting purposes. The Remittance Processing Modules automatically generates and also performs exchange gain and loss calculations Auto Draft and Reverse Application functions. The Remittance Processing Module accepts funds electronically, and, under certain conditions, automatically applies and updates a customer's account in the most efficient manner.

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