Re: [SYSTEM21] Automate Cash Allocation

[Richard_Caldicott@xxxxxxxxxxxxxxx]

It depends what you want to do to automate the cash process.  If you are
using advanced cash (and not everyone is...) there are tools that simple
allow you to select ranges of documents and then auto apply.  You can
select ranges to achieve you desired end result.  If however you are being
supplied with payment detail - lockbox, 820 or 823, then there are the
automatic routines via EDI, with very little if any modification or have an
interface written to populate the lockbox files CSP63/67/68 (these are also
used by the EDI processes).  We actually use a modified version of the EDI
routines that allow us to maintain the data coming from our customers,
processing over 50 large checks per month.  I would guess that we save at
least 60 % on processing time.  The biggest problem being that the
customers have a tendency to change reference numbers or short pay.  Also
on occasions 30 - 60% of the transactions are chargeback which require
'working'.  That said our simple large checks when we have them can be
processed in under 1 hour compared to over a day.

Richard


                                                                                
                                                        
                      Christy Wood                                              
                                                        
                      <Christy.Wood@mult        To:       SYSTEM21@xxxxxxxxxxxx 
                                                        
                      ivac.com>                 cc:                             
                                                        
                      Sent by:                  Subject:  [SYSTEM21]   Automate 
Cash Allocation                                         
                      system21-bounces@m                                        
                                                        
                      idrange.com                                               
                                                        
                                                                                
                                                        
                                                                                
                                                        
                      08/23/2004 04:34                                          
                                                        
                      PM                                                        
                                                        
                      Please respond to                                         
                                                        
                      System 21 Users                                           
                                                        
                                                                                
                                                        
                                                                                
                                                        




Our company is looking into automating the cash allocation process.  Any
advise on the best way to do this would be greatly appreciated.

Thanks for your help.
Christy Wood
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Multivac Inc.
11021 NW Pomona Ave
Kansas City
MO
US
64153

Tel: 816-801-3791
Fax: 816-801-4791

http://www.multivac.com


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