Credit Management > Overview | > Facilities | > System information
Full transaction history
The system maintains a complete transaction history for each account. It automatically calculates and records the income recognised and outstanding value at every point in the agreement's life-cycle.
Multiple income recohnition types
Many different types of income recognition are provided, and the package handles multiple different types within the system.
Inetgrated nominal accounts
The package provides integrated Nominal Accounts which fully capture the impact of all transactions in real-time on a double-entry basis. A trial balance can be run at any time, and also retrospectively for any previous period.
Comprehensive collections facilities
Many different types of arrears report, and letters are available. The arrears reports can be produced separately for different arrears reps and/or sections, and as used as work-lists for the collections department.
Memo and diary functions
Free-form notes can be made on any agreement, and these can be dated to appear on diary reports.
Flexible access and customer exposure facilities
Agreements can be identified using Agreement Number, Alpha Key, or Customer Number. One customer may have multiple agreements, and full customer expenditure can be analysed and reported.
Powerful and flexible reporting
The Reporting Functions have powerful selection facilities based upon dates, agreement or hirer ranges, and up to sixteen different analysis codes which are completley user deineable. For instance, the analysis codes may represent.
- Type of Deal
- Size of Deal
- Duration of Deal
- Geographic Area
- Industry Type
- Type of Goods
- Source if deal
- Representative
- Recourse Indicators
- Funding Source or any other chosen attribute
The system will produce invoices and statements for agreements where these are appropriate.
There are many reports available, including:
- New Business Analyses
- Cash-Flow Forecasts
- Income Reports
- Balance Reports
- Accounting Summaries
Instant screen-based enquires
It is very much a system for all users, and provides a range of different screen-based enquires which provide instant and up to date information relating to all aspects of the business.
Complete details of any account, including full transaction history and any memoranda, are instantly available through any terminal (subject only to the user's security level).
There is a settlement enquiry which shows three settlement quotations for any live agreement.
There are also evaluation enquires which allow the calculation of any true rate, flat rate, APR, instalment value or term for any entered situation.