Feature: Cash Receipts—find customer by invoice number Details: If a receivables check arrives with a company name that is not in the customer file, the user can simply enter an invoice number from the remittance in the customer field of Cash Receipts & Adjustment Entry. FACTS finds the correct customer account for the invoice and populate the customer field accordingly. V-6.7
Feature: Check History Inquiry/Report Details: The Check History view in AR Customer Inquiry advises FACTS users which invoices were paid by each check applied by AR Cash Receipts & Adjustment Entry. The user is able to sort the view by check number and date. An optional report can be generated for one or all customers by date or check number. V-7.2
Feature: AR Disputed Invoice Designation Details: Accounts receivable is one the largest assets of any distributor. This enhancement empowers distributors to have instant visibility of invoices that are disputed by the customer. Invoices designated as “under dispute” can be optionally excluded from the customer’s credit check balance and dunning letters. Inquiries and reports that list invoices automatically denote which ones are under dispute. V-7.3
Feature: Enhanced Cash Applications Details: Cash Application & Adjustment Entry not only has a fresh new look, but also has several functional enhancements to make cash application faster and easier. Enhancements include new document filters and sorts during check application, instant access to customer and AR document notes, and debit memo creation and application. V-7.5
Feature: Enhanced Bank Reconciliation Details: Not just a simple check reconciliation, the new bank reconciliation tracks every time cash is deposited and leaves the bank. An advanced Deposit Entry system allows the distributor to combine or split out checks and cash for a precise reflection of bank activity. Transactions can be edited for easy and fast reconciliation at the end of the month. V-7.5
Feature: Transfer/Change Ship-To Codes Details: Modeled after the Transfer/Change Customer Codes program, this program allows users to change common ship-to fields (salesperson, ship-via, tax code, zip code, etc.) as a group, instead of having to edit each ship-to record. V-7.3
Feature: AR Customer Inquiry drill-down enhancement Details: The user can now drill down to SO Document Inquiry from the Orders view in AR Customer Inquiry. The user’s time is saved by not having to back out of AR Customer Inquiry and access SO Customer Inquiry to order detail. V-7.1
Feature: Customer-Specific Credit Check Details: The customer credit check action (give message/place on hold/refuse transaction/require password/none) is now located in the Customer F/M, allowing users to tailor their credit policy to the individual customer. V-7.2
Feature: Customer-Specific Credit Check Days Details: This enhancement enriches the Customer-Specific Credit Check Action feature introduced in FACTS 7.2. The FACTS user can specify by customer the number of days overdue the individual customer can be before their credit check fails. V-7.3
Feature: Visibility of Customer Over Credit Limit Details: The AR Customer Inquiry indicates on the Aging view whether the customer is over their credit limit. Also, the Aged Trial Balance and Open Receivables reports optionally indicate those customers over their credit limit. V-7.3
Feature: Customer F/M and Ship-to F/M e-mail and web site address storage Details: These fields are displayed in the appropriate inquiries, where the web site address appears as a hypertext link the user may select to go directly to that site (in graphical only).
Feature: Incoming NACHA and Other Electronic Advice Details: Users can process incoming account receivables in NACHA or other formats, definable by the user. V-7.7
Feature: Credit Card Processing Details: Through the integration of Paypal’s Payflow Pro software, this feature provides credit card entry and authorization for sales order processing. It responds to validation requests in seconds, cutting service time significantly. Often, banks charge less per transaction for an automated system. The integration between FACTS and the credit card software supports sales, sale voids, credits, and credit voids. V-7.7
Feature: Credit Card Processing Details: Quickly glean past customer payment behavior with a new comprehensive payment view. V-7.7