One of the most important news of this release is the possibility to easy track and manage the cash flow.
The financial crisis emphasizes the need for tracking and managing the cash flow, in order to be able to run the business efficiently.
The correct management of payments means to anticipate and control them in order to assure the organization's financial stability.
Without having a good management of cash flow, you can not get the answers regarding the solvency and existing cash. Knowing in real time the payments peaks, controlling the payment terms, the possibility to stop or notify the exceeds in credit limits, all these are useful tools in managing the business. BIT Software helps you to improve the cash flow management adding in this release new functionality:
- Possibility to track the customers status
- Automatic movement of the customer credit status (ok, on hold, credit watch, credit stop) in accordance to the established credit limit and open invoices.
- Automated generation and sending of dunning letters depending on dunning levels and time periods
- The dunning letters can be printed or sent by email in pdf format
- The notification mechanism is done on organization or organization group level
- New and improved reports
- Reorganization of packages in order to easily manage the modules and add more functionality in the standard pack
- New functionality in the Commercial modules
- Enhancements in the Manufacturing module
- Managing rights on operations for sales and purchasing modules