Cash management module of the Herakles ERP

Description

An add-on module, Cash management is aimed at keeping control of the company's financial flows. Receipts and payments are recorded against the matching invoices, customer outstanding balances update themselves, and an approval workflow can be attached to them. Bank instructions are generated in SEPA format and customer bills of exchange are remitted to the bank from within the tool; chasing follows automated, configurable stages. A single view brings together the unsettled due dates with the overdue amount identified, the unallocated payments, the list of transactions and the history of chasing and comments. The links to the source documents, a customer or supplier invoice and the related order, remain available, and the transactions are transferred to the accounting package. The forecast accepts flows from outside Herakles and bank statement balances, and the assumptions can then be adjusted.