Contract Accounts Receivable and Payable 

Purpose

The Contract Accounts Receivable and Payable component is a subledger developed for industries with a large customer base and a correspondingly high volume of documents to post. This includes insurance companies, utilities, telecommunication, and public service companies.

Features

This component provides standard accounts receivable and accounts payable functions including posting, payments, and dunning. This component currently consists of:

·        Basic Functions

·        Business Transactions

·        Integration

·        Closing Preparations

·        Information System

·        Job Control

·        European Monetary Union and Contract Accounts Receivable and Payable

·        Archiving

·        Interfaces

·        The Event Concept

·        Data Processing in Mass Runs

·        Enhanced Message Management