Cash & Collections
The MAX cash and collection system makes the processing of cash
easy by providing a one step process for all types of cash entry.
For standard payments, you need only select the account and the
transaction type. MAX can even do automatic cash application, making
up payments from unapplied balances equal to or greater than a regular
payment.
MAX watches your money by printing payment coupons, late payment
reminders and late payment notices at the correct time. Extensive
collection reporting including delinquency reports and the collection
notes facility will help your people keep on top of their accounts.
You are allowed an unlimited number of collection notes attached
to each account. Collection notes may be printed or viewed on the
screen.
The inquiry function gives you up-to-the-minute account status
and history with the touch of a finger. And the interface to Microsoft
WORD allows you to generate form letters using information directly
from the MAX database.
Automated credit bureau reporting using the METRO 272 format is
included in the MAX version.
Investors and participants can be paid by checks generated by
the MAX system.
Cash and Collection Processing provides:
Online Processing |
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A one step process for all
types of cash entry. |
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A warning if there is an outstanding
late charge. |
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Options for non-standard payments. |
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Online access to search and review the
account balances. |
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An end screen with totals so you can balance
your batch. |
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An optional edit that can be printed to
review information
before posting. |
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Option for banks to process your receipts. (Lock Box
Processing) |
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MAX also conforms to the universal online credit
bureau
reporting requirements |
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MAX has internal procedures to ensure the accuracy
of
each customer's account record |
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MAX watches your money with payment coupons,
late
payment reminders and late notices. |
|
Delinquency reports and the collection notes facility
will
help your people keep on top of their accounts. |
|