FI Accounts Receivable
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Accounts receivable starts when a new invoice has been created and covers all tasks until the payment has been made by the clients.
Process Activities
- If not yet done by PM, send invoice to client
- Send payment reminders
- Monitoring payments and update invoice status
Process Input
- All invoices managed by ]po[
- Client contact information
- Payment terms
- Sweep account information
- Invoice templates
Process Output
- List of unpaid invoices
- Invoices to be delivered to customers
- Payment reminders to be delivered to customers
Process Support by ]po[
The following ]po[ packages provide support for this process:
- Finance Invoices contains functionality required to create financial documents
- Finance Payment shows all financial documents together with their payment status and allows status changes
- Finance Core Extension allows delegating the creation of quotes and purchase orders to operational departments while maintaining centralized financial control at your accounting department
Process Performance Indicators
- Total amount of invoices overdue