Credit Management

MECOMS™ Credit Management automates the matching of open invoices with incoming payments, based on dynamic, configurable rules. Ambiguous payments are flagged to be reviewed by the staff.

Non-paying customers automatically receive reminders and a list of those customers who still fail to pay can be sent directly to a credit-collector agency.

Intelligent matching engine

MECOMS™ Credit management handles cash-inflows by matching incoming to outstanding payments automatically. This process can be set up as needed by weighing the matching of several variables.

As a result, payments are matched and processed according to best fit of variables and not to oldest outstanding invoices. Payments which are unmatchable are lined up in a Work Bin for further manual processing.

The Work Bin suggests the most plausible fit of payments, refunding or posting invoice to certain accounts. This management-by-exception approach allows the staff to focus on those cases that truly need their attention.

Reminder management

MECOMS™ includes comprehensive reminder management. Reminder cycles can be grouped per customer, terms of payment or method of payment. Furthermore, reminders and their cycles can be readily created and adapted.

The cost of reminders can also be posted. Prohibitive notes can be posted on dubious debtors‘ accounts. Besides costs also all kinds of interests on reminders can be calculated and linked with cycles or customer groups.