Smyth Retail Systems, Inc. - Retail Accounts Receivable

Retail Accounts Receivable

Features	Aging Methods
Detailed or summarized customer statements Integrated POS Credit Authorization Credit Limit Assignment Multiple Credit Plans Promotional Credit Plans Promotional Statement Messages Dunning/Collection Messages Balance and Payment Aging: Current 30 Days 60 Days 90 Days 120 Days 150 Days 180 Days and more Instant Drill Down Mail and/or email statements based on customer preferences Reprint Statements Reprint Receipts Ability to hold select statements Multiple and separate billing addresses Cycle billing to level cash flow	No Aging Fixed Payment Amount 30 Day Accounts Budget Billing Installment Billing Revolving Installment Billing
	Finance Charge Methods
	No finance charges for special accounts Average daily balance method including current purchases Average daily balance method excluding current purchases Previous Balance Method 30 Day Balance 60 Day Balance 90 Day Balance Modified Balance Method Adjusted Balance Method
	Related Products
	Customer Marketing Factored Accounts Receivable Billing Credit & Debit Card Processing Point of Sale

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Multiple Credit Plans: Unlike most generic Accounts Receivable packages, the Merchant Plus! Receivables plans are designed for retail balance forward credit plans including budget billing, revolving charge accounts, installment plans and revolving installment plans. Tremendous flexibility is provided as credit plans can be mixed and each customer can be assigned different charge plans with different aging and finance charge methods. More importantly, each customer can have multiple credit plans and balances to provide for promotional plans and also allow the retailer flexibility in amending credit plans and finance charge rates to react to changing market forces.

Customer Statements: Easy to understand billing statements can be printed and/or emailed to your customers. Activity can be summarized or detailed by item using standardized class level descriptions or style/product specific descriptions. Promotional and/or dunning messages can be included to increase store traffic and improve cash flow.

Promotional Credit Plans: While frequent flyer and other reward points based credit cards have deteriorated the power of in house charge plans, low, no or special rate financing plans can effectively restore the incentives and power of building loyalty and sales by offering credit options. Specific purchases can be separated from normal credit balances to offer more attractive billing plans for early season or high dollar purchases such as installment plans for furs, ninety day same as cash promotions and the like. Finance charges can optionally be deferred if payments are satisfied.

Integrate Authorization: Of course, the Accounts Receivable system is integrated to the entire Merchant Plus! system. Charge privileges can be granted and suspended at point of sale, credit limits can be verified, and if desired complete credit details, including the ability to reprint past statements is provided at point of sale. Eligibility and rules definitions for promotional plans can also be provided at point of sale. Of course, all activity is tracked through the detailed customer profiles in the Customer Marketing module for comprehensive targeted direct marketing.