Our Cash Allocation solution
Cash allocation is the third link in the order-to-cash chain. Order-to-cash is defined as the process that starts with a customer order and ends with the payment of the invoice.
Cash allocation refers to the matching and processing of incoming payments against accounts receivables. Incoming payments processing is a laborious task, especially when using manual tools like spreadsheets. Onguard’s cash allocation solution MatchMaker automates the entire process so that you can focus on the exceptions. Automatically reconcile your outstanding debtor invoices.
All bank formats
Automated distribution of payments
- - to integrate with any financial package.
- - extensive process controls within the booking process
Automatically match at least 80% of payments
Save time and money
Increase employee productivity
Direct or manual matches
Debit and credit invoices
Several ledger accounts
Integrated with all ERP systems and accounting packages
Cloud and on premise
Multi language and multi-currency
Specific matching methodsFor the automatic matching process, a number of criteria exist that a found match has to meet. You can supplement these with standard criteria, such as invoice number, debtor number and/or zip code, combined with the amount paid.MatchMaker offers even more. It also allows you to match based on other criteria with the help of complex reconciliation algorithms. For instance, reconciliation can be based on purchase number, payment service provider, customer number and payment specifications.MatchMaker comes up with suggestions for further (manual) processing for the remaining workload, thus allowing you to process it fast and easy.
Multiple ledger accountsYou can easily split payments and book overpaid or underpaid amounts to various ledger accounts, such as interest, costs or payment discounts granted.
Debt invoices and credit notesYou can automatically generate a credit note to credit an amount. Moreover, you can match the debit invoices and credit notes, without any payment being required.
- Database - SQLServer 2008R2 / SQL Server 2012
- Clients - Windows 7 / Windows 8 / Windows 10 (.NetFramework 4.0)
- Reporting - DevExpress or Microsoft Reporting Services (option)
- Development method - Scrum
- Implementation - Prince2
Easy IntegrationOur cash allocation software solution can easily be integrated into your corporate environment. As a result, many of our customers opt for a cloud solution. Of course, local installation is also possible. The cloud solution offers you great advantages:
- Access to your workload and/or administrations, anywhere, anytime
- Focus on your core activities and no extra pressure on your internal IT department
- Efficient support by our support desk
- Maximum security