Transform the way you manage your business.

With Argus ERP Finance, SoftMachine delivers a flexible, best in class software solution to the challenges faced by business in today’s economy.

Argus helps companies to support their enterprise financial information needs, from transactions to reporting and collaborative commerce.

SoftMachine
Applications
Argus
Accounts Receivable
Accounts Receivable

Increase Your Profitability Margins

Immediate Response

Argus ERP handles 2 basic types of events: ad hoc and those that are expected to occur on a given date. For example, if a customer uses up to 90% of the credit allowed, or an invoice that’s due has not been paid, the system will immediately alert those responsible – a typical ad hoc event.

Alternatively, the credit controller may have allowed 14 days extra credit. In that case, it’s important to check that the payment has actually been made on time. Information can also be send as an e-mail, an SMS message or directly to a hand held computer. The system is so flexible to ensure swift access to critical information. This works thanks to one of many great features found in our Argus Data Import/Export Service utility, which sends messages when certain events occur or when predefined limits are exceeded.

Long-term relationships

The importance of customer lifecycle management increases with the need to extend business into new areas. Faster development of new products, accurate views of future product demands and increased ability to quickly meet new market trends are all made possible through efficient collection of information of interest to the end customer regarding product requirements and after sales services. We believe that customers are retained as a result of superior performance across the entire customer lifecycle and not as a result of superior sales process.

Therefore, Argus Applications focuses on all the customer interaction and management processes along the value chain, involving people throughout the organization (development, planning, support, financials, quality and more) and building customer loyalty.

Applying

Applying is the process of assigning a specific credit transaction, such as a credit memo, return or payment to a sales document (or other debit transaction). There are three methods of applying in Receivables Management: auto applying, applying a transaction to specific documents and applying a specific amount.

In Receivables Management you can apply credit memos, returns and payments as they’re being entered or after they’ve been posted. Once these transactions are fully applied they’re moved to history.

If you apply automatically by due date, payments are applied first to documents with the oldest due date. If you apply automatically by document number, payments are applied first to documents with the lowest number in this order: sales/invoices, debit memos, finance charges, and services/repairs.

Posting

In Argus Receivables Management, posting updates the balances that are displayed in the Customer Summary windows (so you can view up-to-date information for your customers), distribution accounts (if General Ledger is part of your system), commission information and tax detail records. Your checkbook is also updated when you post, if you’re using Bank Reconciliation. Transactions are considered open until they’re fully applied and paid by the customer. Then, they’re transferred to history.

Transaction-level posting allows you to enter and post transactions individually without ever having to create a batch. Receivables information always will be up-to-date immediately when you post using this method, because transactions must be posted or deleted immediately. They can’t be saved or posted later.

Transaction-level posting is optional and can be selected in the Posting Setup window when you set up Argus. If your system hasn’t been set up to allow individual transaction entry, you’ll be asked to create a batch when you attempt to post transactions. Also, you can post individually a transaction that was previously entered in a batch.

Invoice Customers
  • Retrieve information for competitive pricing
  • Differentiate prices
  • Unique customer contracts
  • Commitment to functionality
Customers And Receivables management
  • Resource utilization
  • Re-planning
  • Efficient logistics
  • Optimal use of capital
Receive Payments
  • Reliable delivery
  • Shorter lead times
  • Right skills in the right time
Apply & Aging
  • Key figure analysis
  • Real time Cost/revenue analysis
  • Swift and accurate financial follow-up
  • Customized reports