Management and Enforcement of Receivables

Product Area: Internal portal

Department: Financial Management

Solution description

Electronic evidence of company receivables and their life cycle - origination of a receivable, its assignment, individual escalation steps towards debtors - from notification, suggested ways of settlement, up to submission to legal proceedings and court settlements. The automatically set process provides the sequence of individual enforcement steps, and also serves as the basis for decision making on settlement of the individual cases. Statistics for the after-due amounts/invoices and their statuses are at immediate disposal.

Business gains

• Less administrative load.
• Elimination of errors in the process
• Increased number of enforced payments; account reconciliations
• Decrease in costs for enforcement claims
• Control over amount of overdue invoices and status of the enforcement process