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:

Fakturia Subscription Management
Automated billing of subscription contracts and recurring invoices
E.P.O.S.
E.P.O.S.
 
 
 
 
 
 
Equipment-Planning-Organisation-System for cranes, heavy duty transports, lift platforms
REMIRA POS
 
 
 
 
 
 
A proven system with international appeal and success
E-Invoicing 2025
E-Invoicing 2025
 
 
 
 
 
 
Simple creation and sending of e-invoices
Odoo-ERP
Odoo-ERP
 
 
 
 
 
 
Modular business software
VlexPlus
VlexPlus
 
 
 
 
 
 
The all-in-one ERP system for the manufacturing industry
OTEC --   ERP / PPS Software for Surface Finishing Technologies
OTEC - The powerful Software System for all Surface Finishing Techniques
Microsoft Dynamics 365
Microsoft Dynamics 365
 
 
 
 
 
 
MICROSOFT DYNAMICS 365 - the next generation of CRM and ERP applications
knk Subscription Management Module
Module of the knk publishing software for convenient management of your subscribers
SIVAS.ERP
SIVAS.ERP
 
 
 
 
 
 
THE ERP system for mechanical and plant engineering
Show all 54 programs with Open item management