2.1.

74 Enables interface between existing Billing and commercial systems and

Accounting system
2.1.75 Invoice, Park/edit invoice, Payment advice, Down payment
2.1.76 Ability to support rebates and discounts, to automatically calculate
discounts and payment due dates based on customer or supplier terms, to handle
prepaid invoices, to have a single credit memo cover multiple line items and
invoices, to set customer credits limits in a global or customer currency
2.1.77 To automatically create collection notifications based upon set aging levels

2.1.78 System to generate dunning or collection letters, to have credit limit and
credit hold functions, shall have credit management capabilities.
2.1.79 System shall have reporting feature to help manage accounts receivable.
2.1.80 To support aging options such as (parent/child), business from due date, and
from invoice date by reason codes
2.1.81 To support automatic generation of collection letters based upon certain
aging triggers, To support user defined credit/debit memo reason codes
.1.82 System to enable the tracking of debits and credits in FI easier
2.1.83 References Deduction Management, to have credit control tools 2.1.84 To
report in respect of returned 2cheques/insufficient funds
2.1.87 System to produce documents to be sent to classes of customer according to
information held in the customer catalog
2.1.88 System to support more than one sales ledger, System to point payments
received to the correct bank account
2.1.89 To support standard payment terms such as net 10, net 30
2.1.90 To store details of all paid and unpaid invoices and credit notes to enable
investigation of enquiries received about individual customers' affairs
2.1.91 To support customer catalogs, which record information sufficient to record
personal details of each customer, enable a variety of communication methods to be
used, and allow a wide variety of user-defined customer class
2.1.92 To account for VAT on cash expenses and receipts.
2.1.93 System shall have month and year-end procedures flexible, and permit
forward-posting or back-posting of items into the relevant period, according to
access rights
2.1.94 To show the previous balance on a statement, to view a customer status on
aging and credit limit
2.1.95 To provide payment history by customer on-line, to support multiple invoice
forms for presentation to the customer
2.1.96 To send specific customer's statement to multiple recipients, Financials
solution handle receipts of cash that do not refer to outstanding invoices
2.1.97 System to record memorandum information on customers or individual items
2.1.98 Automate received payments through banks
2.1.99 Generate all invoices for the company with some invoices printed at remote
locations.
2.1.100 To generate a customer specific Automated Clearing House (ACH) transaction
with a specified timeframe.
2.1.101 To support EDI invoices for receivables and payables, To support non-
product billing, To support online and manual payments, System shall ensure all
validation checks are satisfied prior to input
2.1.102 System to facilitate posting of cash, where single receipts can refer to
several outstanding items or customers, system to provide housekeeping
functionality.

Accounts Receivable (AR)