Magazine article Business Credit

Accounts Receivable & Credit Control (ARCC)

Magazine article Business Credit

Accounts Receivable & Credit Control (ARCC)

Article excerpt

Since its inception, Bugle Boy receivables have been managed in a factoring environment, negating the overall need for a comprehensive accounts receivable software package. However, a recent business decision to handle four new divisions as inhouse receivables necessitated either development or the purchase of a software package.

After an intensive evaluation period and after observing a live demonstration, our credit, accounting, and MIS people all felt that the NMC package afforded us the opportunity to best meet Bugle Boy's business requirements in a timely manner.

One of the primary concerns about any software package is whether it affords credit management the ability to monitor the receivables, to allow timely follow-up of priority issues, and to reflect the status of the account base in a variety of formats and sorts. NMC's report management menu ensures visibility of all phases of management control.

The software package is menu-driven and user-friendly in all areas, allowing a smooth testing stage prior to the actual start-up of the system. The system documentation is easy reading and slowly takes the user through each menu and sub-menu option. The user tests three different batches in an instrumental cash application mode for easy personnel training. NMC also provides an in-house training seminar with the package.

The strengths of the system are it ease of use and its reporting capabilities. Alternative package are strong in standard accounts receivable cash application programs but are weak in credit and collection management. …

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