• WoodPro InSight's enterprise Accounts Receivable module is designed to meet the requirements of businesses in the Lumber and Building Materials Industry. It gives you the ability to quickly read, evaluate, and respond to the changing financial conditions with effective business strategies that enable you to monitor risk and revenue during execution. While extending credit to your customers helps boost sales, it also increases your cost of working capital and financial risk, especially in challenging economic times. WoodPro InSight’s accounts receivable enables you to streamline your receivable processes to accelerate collections, reduce credit risks, resolve exceptions quickly, and ultimately decrease your cost of working capital.

    Accounts Receivables is often the largest asset on the balance sheet and is critical to the financial health of an organization. Many features are available for managing accounts receivable:

         - Customer details regarding credit availability, aging limits, ship-to locations, and contact details are stored within the
           system for better internal and external collaborations.
         - Credit and Collection tools including payment trends, automatic reviews, account history, credit letters, etc. are integrated into the
           receivable process, providing you with effective debt management; thus, facilitating with cash flow management.
         - Electronic invoice and statements to customers shorten outstanding collection days.
         - Sophisticated trader/salesperson tracking and a comprehensive customizable commission structure have the features and flexibility to improve
           the relationships that help you generate revenue.
         - Trader analysis is available to track profitability, as well as traders and salespersons effectiveness.
         - Global currency support enables you to easily manage global transactions and international currencies.
         - Customizable reporting options are also available.


  • WoodPro InSight's Accounts Receivable module offers comprehensive features designed to provide management with effective control over the accounts receivable functions of their business. Through a variety of printed reports and inquiry options, valuable information concerning credit management, customer accounts, traders, and sales information can be accessed for review and analysis. These features provide the necessary tools to facilitate cash flow management, reduce bad debts, monitor trader performance and enhance customer service.

    The multi-tab Windows display format enables the user to view many accounts at once. For speed and ease of use, a customer number, name or contact can be entered directly and the system will automatically scroll to that account. An unlimited number of ship-to addresses can also be maintained for each account.

    Aged receivable inquiries, collection notes, sales analysis, remarks and product or price discounts for each customer also provide useful information.

    The Aged Receivable Inquiry (by customer or by salesperson) feature displays detailed account balance information. Information displayed can be posted/unposted only. Unpaid invoices or all invoices and payments for the entire period of history are kept for each customer.

    The Collection Notes feature facilitates the keeping of a detailed collection diary with the following information: called and promised date, amount, date and amount received (updated automatically) and comments. Collection letters can be generated directly here using the word processing software built into the program.

    The Credit and Additional tabs in Customer Master Maintenance contains additional information about the customers including terms, discounts, freight, sales,customer’s aged receivable balance and other account information. There are look up feature for some of the fields for easier set up.  

    Credit Management features can be accessed from the Credit Management section or directly from the Customer Master Maintenance section. Information critical to the credit granting and monitoring processes is contained here, displaying any and all credit remarks for a particular customer. There is unlimited space for remarks and over time, the diary history that is kept for each customer can be a valuable resource.

    Credit information for each account including average days to pay, average days late, risk rating, Redbook rating, D&B rating, review dates, etc. are available under the Misc Tab in the Credit Management Maintenance. Printed credit reports include customers who are over their credit limit by manager or salesperson, past due date exception report, and customers scheduled for credit review.

    Below are some additional Accounts Receivable features:

    Short Paid Inquiries AR Summary Aged Receivable Report
    Print Unauthorized Deduction Letter to Customers Receivable Open File Customer Ranking
    Print Unearned Discount Letter to Customer Receivable Cash Receipts Margin Report by Salesperson
    Print Balance Due Management Report Customer Short Sales Analysis