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
PSIpenta
 
 
 
 
 
 
Perfection in production
audius:CRM+ERP for production and trade
Industry solution combines CRM and ERP in one software
Automated billing of subscription contracts and recurring invoices
REMIRA POS
 
 
 
 
 
 
A proven system with international appeal and success
ERP twyz.enterprise
 
 
 
 
 
 
WaWi, CRM, HR und Projekte - 100 % webbasiert.
Scopevisio
Scopevisio
 
 
 
 
 
 
Cloud enterprise software for the mid-market companies
ERP system for compounders, masterbatchers and recyclers
bertaplus ERP
bertaplus ERP
 
 
 
 
 
 
ERP, Warehouse Logistics and E-Commerce - The Solution for Medium-Sized Businesses
WEST System©
 
 
 
 
 
 
WEST System© as an integrated complete system for services, industry and trade
Show all 56 programs with Open item management