SoftGuide > Functions / Modules Designation > Open item management

Open item management

What is meant by Open item management?

The "Open Item Management" refers to the management of outstanding payments and open invoices in an accounting system. It involves monitoring all unpaid invoices and payment receipts to ensure that all receivables are processed in a timely and accurate manner.

Typical software functions in the area of "Open item management":

  1. Automatic allocation: Linking incoming payments with open invoices.
  2. Dunning process: Creation and management of payment reminders and dunning letters.
  3. Due date monitoring: Display and notification of due and overdue payments.
  4. Liquidity planning: Forecasting future incoming and outgoing payments.
  5. Reporting: Generation of reports on open items, payment behavior, and aging analysis.
  6. Account reconciliation: Matching of bookings and open items with bank statements.

Examples of "Open item management":

  1. Accounts receivable management: Monitoring outstanding customer payments.
  2. Accounts payable management: Managing open supplier invoices.
  3. Payment receipt processing: Automatic posting and allocation of incoming payments.
  4. Dunning run: Automated creation and sending of reminders for overdue payments.
  5. Discount management: Monitoring and utilization of discount periods for supplier invoices.
  6. Debt assignment: Management of factoring processes for improved liquidity.
 

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The function / module Open item management belongs to:

Open items

Dunning

Software solutions with function or module Open item management:

FactWork
 
 
 
 
 
 
Enterprise software for automation, plant engineering, mechanical engineering and plastics
IFS Cloud
IFS Cloud
 
 
 
 
 
 
Central platform providing industry-leading solutions for SM, ERP & EAM
bertaplus ERP
bertaplus ERP
 
 
 
 
 
 
ERP, Warehouse Logistics and E-Commerce - The Solution for Medium-Sized Businesses
metaARGON
metaARGON
 
 
 
 
 
 
ERP for pharmaceuticals, cosmetics and chemicals
ERP twyz.enterprise
ERP twyz.enterprise
 
 
 
 
 
 
WaWi, CRM, HR und Projekte - 100 % webbasiert.
Poly.ERP - The ERP system for compounders, masterbatchers and recyclers
ERP system for compounders, masterbatchers and recyclers
ams.erp
ams.erp
 
 
 
 
 
 
ERP solution with all functions for commercial and technical order processing
Sage 100
Sage 100
 
 
 
 
 
 
The ERP software for small and medium-sized companies with individual requirements
ingo365
ingo365
 
 
 
 
 
 
Customized industry solution for engineering & planning office
FEPA
FEPA
 
 
 
 
 
 
ERP software for medium-sized manufacturing companies
Show all 58 programs with Open item management