METHOD AND APPARATUS FOR MANAGING ACCOUNT RECEIVABLES

An Accounts Receivable System (ARS) provides an option to a client to outsource the client's accounts receivable function. The ARS is divided into five separate modules, which includes a Credit Inquiry Module, a Remittance Processing Module, an Accounts Receivable Claim Module, a Maintenance Module, and an Administration Module. The ARS provides a full range of trade receivables Credit & Collection services involving credit evaluation, credit granting, customer collection and account reconciliation, cash receipt, application and banking, all account receivables (A/R) reporting, consolidation, including customer statement preparation and mailing, ending with direct feeds to the client's general ledger system (G/L) for the client's financial statement preparation.