HarrisData Accounts Receivable

HarrisData Accounts Receivable is a software solution designed for the management and tracking of accounts receivable processes. It is aimed at mid-sized to large companies in various professions and industries, including manufacturing, distribution, retail, service, and healthcare organizations.

Key Features

Accounts Receivable Management: According to the vendor, this software provides comprehensive management of accounts receivable processes, allowing businesses to track and monitor customer invoices, payments, and outstanding balances. It also enables the generation and sending of customer statements and reminders, as well as the management of credit limits and terms.

Invoice Generation: The vendor claims that with HarrisData Accounts Receivable, users can create and customize professional-looking invoices. They can include detailed line items, quantities, prices, and taxes, and apply discounts and promotions as needed. The software also automatically calculates totals and subtotals for accurate invoicing.

Payment Processing: According to the vendor, this feature allows businesses to record and track customer payments efficiently. It accepts various payment methods, including cash, check, credit card, and electronic payments. Users can easily apply payments to specific invoices or customer accounts and generate receipts and payment confirmations.

Credit and Collections Management: The vendor states that HarrisData Accounts Receivable enables businesses to monitor and manage customer credit limits effectively. Users can set up payment terms and aging periods, automate collection processes and reminders, and track and manage customer disputes and collections activities.

Customer Statements: The vendor claims that generating and sending regular customer statements is made easy with this software. Users can include detailed information on outstanding invoices and payment history, customize statement formats and layouts, and track customer responses and follow-ups for efficient communication.

Account Aging and Reporting: According to the vendor, this feature allows businesses to monitor and analyze accounts receivable aging effectively. Users can generate aging reports to track outstanding balances by customer and time period, identify delinquent accounts, and take appropriate actions. The software also provides customizable reports for financial analysis and decision-making.

Integration with Financial Systems: The vendor states that HarrisData Accounts Receivable seamlessly integrates with other financial systems, such as general ledger and accounts payable. This integration enables the sharing of data and information between different modules and departments, ensuring accuracy and consistency of financial records and transactions. It also aims to streamline financial processes and improve overall efficiency.

Customer Communication and Notifications: According to the vendor, automating customer communication is made possible through this software. Users can send payment reminders, past due notices, and other account-related notifications via email or other channels. They can also customize communication templates and schedules, aiming to enhance customer relationships and reduce manual communication efforts.

Credit and Risk Assessment: The vendor claims that this feature allows businesses to evaluate customer creditworthiness and risk levels accurately. Users can set credit limits and terms based on customer history and financial data, monitor credit risk, and make informed decisions on extending credit. It aims to help minimize bad debt and financial risks.

Collections Workflow: According to the vendor, HarrisData Accounts Receivable aims to streamline collections workflow and processes. It automates task assignments and follow-ups, tracks and manages collections activities and progress, and aims to improve collections efficiency by reducing manual efforts.