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Accounts Receivable, as with Accounts Payable, forms an integral part of optimal business health and profitability. Ensuring visibility and efficiency throughout the process is essential for your organisation to realise its full potential
The Rapid Accounts Receivable solution automates the process of matching remittance information with customer invoices. It reduces the amount of unallocated cash and open items that an Accounts Receivable department has on account and makes important data more visible. As a result, there is increased efficiency internally and customers experience an improvement in service.
With Rapid Accounts Receivable solution, payment receipts are automatically captured as they arrive from various sources, enabling real-time visibility of all receipts in progress. Payments are able to be applied immediately to the correct invoices and quickly reconciled with customer billings in your financial system.
Rapid Accounts Receivable is a versatile platform, built on highly flexible architecture, which successfully addresses the needs of organisations for connected business process applications.