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
  • A one step process for all types of cash entry.
  • A warning if there is an outstanding late charge.
  • Options for non-standard payments.
  • Online access to search and review the account balances.
  • An end screen with totals so you can balance your batch.
  • An optional edit that can be printed to review information
  before posting.
  • Option for banks to process your receipts. (Lock Box Processing)
  MAX also conforms to the universal online credit bureau
  reporting requirements
  MAX has internal procedures to ensure the accuracy of
  each customer's account record
  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.

 

 

 

2002 Classic Information Systems, Inc.
Web site created by
chasenewmedia