Cash flow forecasting is a vital tool for decisions-making in business. It allows to foresee future cash problems and take measures to mitigate their effects. What’s more, with cash flow projections managers can make more informed decisions about new investments. Unfortunately, it is very hard to give a relatively reliable estimate about the inflow and outflow of funds. A lot of factors, like the state of economy, customers’ demand and credit worthiness have to be taken into account. It is virtually impossible to collect all the required data for making a perfectly accurate forecast.  That is why many companies prefer to be conservative in their estimates and make sure they will not face unpleasant surprises. While this approach is certainly the safest, it is not very helpful for the management when they make plans for more optimistic course of events.

Another approach is to make more than one cash flow forecast and consider different scenarios. Multiple projections facilitate the planning process and allow to be prepared for future developments. The shortcoming of this method is that in the absence of a proper forecast generating tool it can become an everlasting, tiresome task of creating large spreadsheets that are hard to work with.

Cashflow Forecasting™ for Sage 300 is a SYSTRONICS product that offers a complete solution for easy and effective cash flow forecasting. With this tool running simulations and conducting “what if” analysis is fast and effortless. It allows to create provisional, i.e., non-permanent, transactions such as receipts, payments, and bank transfers and calculate bank balances forecasts, based on these transactions as of any future date. This way you can see what effect a transaction would have on the bank balance without actually creating that transaction in Sage 300. Provisional transactions can be grouped and you can easily spot all the transactions that belong to the same group. This feature is helpful for evaluating projects you are considering to launch. Cashflow Forecasting is not just a convenient projecting tool.  It also simplifies the process of creating transactions in Sage 300. Since the program enables to convert provisional transactions into actual transactions, it is just a matter of seconds to update subledgers and bank account balances. Moreover, with this application you can stop worrying about inadvertently exceeding bank overdraft limits in your forecasts. The transactions that put the bank balance below overdraft limit are highlighted.

In addition to seamless integration with Sage 300, Cashflow Forecasting can be integrated with SYSTRONICS CashWorks™ for Sage 300 to provide comprehensive management for your business.

Cashflow Forecasting is a hands-on tool for creating thorough cash flow projections and scenario analysis that lead to efficient planning and improved business performance.

Companies deal with Vendor/Customer accounts differently. Some of them prefer to treat the partner as two separate entities, rather than try to net the overall balance. This approach implies creating receipt and payment transactions for the partner in both receivables and payables ledgers. At first glance this seems to be a safe and failproof option that will not cause any complications. However, this method is counterintuitive and often contradicts widely accepted business practices. In addition to being time-consuming and costly, maintaining documents separately can be an unviable approach when the counterparty wants to settle customer invoices with vendor invoices. Companies that find themselves in this situation have to make an unpleasant choice between refusing to work with partners on that condition and creating instant workarounds that later can prove to be impractical or faulty.

A lot of companies that are striving to be efficient and cost-effective try to find workarounds and apply more feasible accounting treatments. The most commonly used approach involves offsetting vendor balances with customer balances by creating manual adjustments for open documents. While in theory this approach is more reasonable and logical, in practice it is still far from being the optimal solution. Netting the balances and manually creating adjustments for documents in both ledgers can be an extremely tedious and laborious task that requires much time and effort. This downside of the seemingly sensible workaround is especially substantial for larger companies that have more than one Customer/Vendor accounts to handle and have to pay considerable overhead for the additional work.

AR-AP Settlements™, developed by SYSTRONICS, provides a simple, yet effective solution for managing open documents in Customer/Vendor accounts. It is a flexible, user-friendly tool that enables settlement of open receivable documents with open payable documents, or vice versa. The program creates adjustments for selected documents and decreases the document balances by the knock-off amount. AR-AP Settlements functionality is not limited to settling open documents of only one entity. You can easily offset documents of multiple Vendors and Customers, as long as they are listed in the same predefined group. Documents of Vendors and Customers with different currencies can also be processed within the same group. Moreover, the offsetting process can be fully automated, thus eliminating the need for manual selection of open documents. As a result, you may pay or receive only the balance amount after the settlement. In addition to easy and efficient document settlements, the application allows to check the outstanding balance of all vendors within a settlement group when entering receipts and the outstanding balance of all customers within a settlement group when making payments. With this handy tool you always have up-to-the-minute information on the amounts that still need to be paid or collected. These beneficial features, combined with AR-AP Settlements core functionality and detailed reporting, ensure easy Vendor/Customer accounts management in your company.

AR-AP Settlements is the ultimate choice for companies that want to have an affordable, convenient and time-efficient Vendor/Customer accounts management tool that works in accordance with their own business needs and preferences.