Method and apparatus for managing remittance processing within account receivables
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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-
Mar 20, 2007
Grant Date -
N/A
app pub date -
May 2, 2000
filing date -
May 2, 2000
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
The Account Receivables System's Remittance Processing Module accepts funds in domestic and foreign currency and translates the funds into the required local currency for reporting purposes. The Remittance Processing Modules automatically generates and also performs exchange gain and loss calculations Auto Draft and Reverse Application functions. The Remittance Processing Module accepts funds electronically, and, under certain conditions, automatically applies and updates a customer's account in the most efficient manner.
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