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.
 

Save time and let SoftGuide do the research for you!

Learn more now!

The function / module Open item management belongs to:

Open items

Dunning

Software solutions with function or module Open item management:

CANDIS
CANDIS
 
 
 
 
 
 
Automated invoice management
myPARM - Multi-project management software
Multi-project management and PPM software
Sage 100
Sage 100
 
 
 
 
 
 
The ERP software for small and medium-sized companies with individual requirements
FactWork
 
 
 
 
 
 
Enterprise software for automation, plant engineering, mechanical engineering and plastics
metaFood
metaFood
 
 
 
 
 
 
The professional merchandise management system for the food industry
GEBRA-Suite
GEBRA-Suite
 
 
 
 
 
 
Customized business applications with flexible modules
ams.erp
ams.erp
 
 
 
 
 
 
ERP solution with all functions for commercial and technical order processing
knk Subscription Management Module
Module of the knk publishing software for convenient management of your subscribers
YAVEON ProBatch
YAVEON ProBatch
 
 
 
 
 
 
ERP for the process industry
WEMA Merchandise Management
Intuitive and simple operation! That is our claim!
Show all 58 programs with Open item management