Information on payments at a glance

CASH FLOW MANAGEMENT FOR OPEN ITEM ACCOUNTING

COMMITLY revolutionizes open item accounting. With the help of rule sets and AI-based suggestion algorithms, transactions can be correctly assigned automatically. With this advanced tool, you can answer questions about incoming payments within seconds and always keep track of outstanding receivables. Automated processing and the availability of data in real time reduces administrative effort and increases efficiency enormously. OPOS software offers added value through the precise categorization of payments.

Automated categorization of incoming and outgoing payments

The transactions of the linked accounts are an important source of information for the open item accounting. The technology of OPOS software allows companies to automate their to automate their accounting processes and adapt them to individual needs - whether through manual settings or fully routinized processes that are reliably implemented by the tool.

COMMITLY helps you to classify payments into categories that you have previously defined. This is done with the help of rules and a suggestion algorithm based on artificial intelligence.

All open items clearly arranged in one place

Every company has special requirements. We offer maximum flexibility when compiling lists for open item accounting. From simple, manual creation of entries to CSV import and integration with your invoicing tool or ERP system - our solutions adapt to your individual needs.

This flexibility makes it possible to seamlessly create open items and transfer them to existing accounting systems. Importing CSV files ensures that manual data errors are reduced and processes run more efficiently. This not only increases accuracy is increasedbut also saves valuable time. Integrations allow outstanding payments to be monitored and processed automatically, making administration much easier. The processes for clearing and payment settlement help to minimize financial risks. A transparent overview of the company's current financial situation is continuously guaranteed.

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Monitor open items

Outstanding payments are presented in a clearly structured list that gives you a clear and structured overview of all receivables. With our software for open item accounting you can keep an eye on the current status of invoices at all times.

Overdue payments are automatically recognized and marked in red. The status is also displayed in color and can be managed flexibly. This color coding helps you to maintain an overview.

Open item clearing

The clearing of a payment - i.e. the note as to whether an invoice has already been paid - is a central component of efficient software for open item accounting. With direct integrations of bank accounts, this clearing is carried out automatically via the connected system as soon as a credit note for the outstanding receivable is received. This means that incoming payments are recognized immediately and the corresponding open items are updated in real time.

Optionally, you can also manually assign certain transactions to open receivables. This feature allows you to manually match payments to invoices, which can be particularly useful when direct integration is not available or when additional checks are required. This manual assignment allows you to maintain an overview and have comprehensive documentation of items that have already been paid.

Cash flow planning made easy - All decisions firmly under control.

COMMITLY is your software tool for better cash flow management - developed by financial experts and entrepreneurs who know what is important when it comes to cash flow and Cash flow planning.

AT A GLANCE

Advantages of modern controlling software

With the help of our advanced controlling software for open items can be used to generate comprehensive financial reports that give you a quick insight into receivables and the overall financial situation. This not only supports the management management in decision-making, but also facilitates planning and strategy development. Invoices, both incoming and outgoing, are posted directly to the corresponding debtor or creditor accounts. This reduces the need for separate posting records and enables immediate action to be taken in the event of payment defaults or delays.

Our solutions make a significant contribution to helping companies modernize their accounting processes and make them less risky. The reduction of manual activities and the introduction of automated processes offer a significant improvement over conventional methods and make the open item accounting a valuable corporate management tool.

Good open item accounting = good Cash position?

A good open item accounting and sound Cash flow planning are closely linked and influence each other in many ways:

Overview and transparency

1. clear overviewWell-managed open item accounting provides a detailed overview of all outstanding receivables and liabilities. This transparency is important for precise financial planning, as you know exactly which payments are expected and which obligations still need to be fulfilled.

Accuracy of liquidity forecasts

2. precise liquidity forecasts: The information from the list enables accurate forecasts of future cash flows. cash flows cash flows. You can develop realistic income and expenditure scenarios by taking into account due dates and the payment history of customers. With these as a basis, well-founded forecasts and necessary measures can be derived.

Early detection of liquidity bottlenecks

3. recognize bottlenecksA well-structured open item accounting system helps to identify potential financial bottlenecks, financial bottlenecks at an early stage. If outstanding receivables are not paid on time, this can be immediately taken into account in the Cash flow planning immediately and appropriate action (e.g. reminders, credit lines) can be initiated.

Improvement of receivables management

4. efficient receivables managementGood OPOS management supports effective receivables management. Automated dunning processes and the monitoring of payment terms can minimize payment defaults. This leads to a more stable cash flow and improves the predictability of Cash position.

Optimization of payment transactions

5. optimize cash flowsWith a clear overview of open items, payments can be better coordinated. Companies can strategically decide when which liabilities are to be settled in order to Cash position optimally manage or minimize interest costs.

Data basis for strategic decisions

6. sound basis for decision-makingThe data from open item accounting provides a reliable basis for financial management decisions. This includes both the operational Cash flow planning as well as as well as future investment and financing plans.

Sustainable financial practices

7. longevityFinally, reliable OPOS accounting sustainable financial practices. It enables proactive and forward-looking financial management that not only focuses on the short-term Cash position but also ensures long-term financial health for the company.