General Electric Canada Equipment Finance G.p.

Ge Corporate Financial Services, Inc.

Alan Getgood

David Land

The Accounts Receivable System's (ARS) functions are divided into five separate modules, which includes a Credit Inquiry Module, a Remittance Processing Module, an Accounts Receivable Claim Module, a Maintenance Module, and an Administration Module. These modules are integrated with each other and interface with the client's Order, Ship, Bill (OSB) system, for smooth functioning. The ARS automatically upgrades the modules to the client by downloading on a real-time basis as they are being implemented at a central site. The ARS's interface capabilities include built-in methods for report extraction to get the data required for particular situations or clients.

Method, apparatus and computer program for managing accounting system interfaces

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.

Method and apparatus for managing remittance processing within account receivables

An Accounts Receivable System (ARS) provides an option to a client to outsource the client's accounts receivable function. The ARS is divided into five separate modules, which includes a Credit Inquiry Module, a Remittance Processing Module, an Accounts Receivable Claim Module, a Maintenance Module, and an Administration Module. The ARS provides a full range of trade receivables Credit & Collection services involving credit evaluation, credit granting, customer collection and account reconciliation, cash receipt, application and banking, all account receivables (A/R) reporting, consolidation, including customer statement preparation and mailing, ending with direct feeds to the client's general ledger system (G/L) for the client's financial statement preparation.

Method and apparatus for managing account receivables

The Accounts Receivable System's Credit Inquiry Module reviews payment history and performs credit inquiries by analyzing data from internal and external sources. The Credit Inquiry Module uses this analysis for credit management and customer contact. The Credit Inquiry Module based on customer payment data predicts overall cash forecasting for the client. The Credit Inquiry Module is utilized for account reconciliation and audit verification for tracking transactions at the customer level.

Method and apparatus for managing credit inquiries within account receivables

The Account Receivables System is a web-based system and method for collecting, tracking and processing information about a client's account receivables. The system is divided into several separate modules fully capable of interfacing with each other as well as the client's Order, Ship, Bill (OSB) system. The ARS produces a variety of reports, in a flexible format, on-line and downloads as soon as they are generated in the ARS. The ARS maintains close security over the system by providing an option for accepting the credit card information from the customer's OSB or through the ARS web site.

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Mississauga, Canada

Alan Getgood