Payments and cash flow management

Different payment forms

Comarch ALTUM makes it possible to use many different forms of payments to settle incoming as well as outgoing transactions – including among other things payments by check, cash, credit cards or bank transfers.  It is also possible to combine many payment forms for a single transaction, allowing for example a customer to pay a part of the total sum by credit card and the other part in cash.

Splitting up payments

Because down payments are a common practice in daily business, Comarch ALTUM lets you split up a single payment into multiple partial payments, arranging different payment dates and using different forms of payment. The conditions for down payments can even be included into offers you send to your clients or registered for those which you receive from your suppliers.

Complete overview of payment plan payments

The payment plan in Comarch ALTUM delivers all the information you need in order to plan the financial transactions of your company and to control the payment behavior of your customers. It allows you to look at all payments, incoming and outgoing, as well as those which are still outstanding and those which have already been processed. Different sorting and filtering mechanisms help you create a view within a few seconds that shows you what payments you should receive and which liabilities you have to pay for within the next few days.
It is also possible to settle invoices with payments or compensate them with other invoices. All within an interface that contains all the necessary information.

Multi currency support

Comarch ALTUM not only allows for the use of any foreign currency on trade documents and the registration of accounts on the chart of accounts, but also allows for handling payments in different currencies. All eventual exchange rate differences are calculated automatically whenever you operate with a currency other than your domestic currency.

Data exchange with your bank

In order to make bank transfers easier, Comarch ALTUM provides a tool for easily importing bank statements. As a result, it is much easier to register payments in the system and later on, connect them with individual transactions.

Cash flow planning

The financial resources functionality provides you with information on current and future cash flow, based on the amount of money you are planning to receive and pay out during a certain period of time. It includes invoices as well as orders and planned payments and shows you how much money you will have available in a specific bank account or in a specific register – information that is required to plan future expenses and decide on payment conditions that you will offer to your customers.

Cash and  bank reports

Comarch ALTUM lets you quickly and easily create cash and bank reports for any period of time. By showing, for example, the daily cash balance, it helps you manage the money available in your bank accounts on a weekly basis.

Accounting and Finance

Financial statements and reporting

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Offer many payment forms to your customers

Improve the buying experience of all your customers, no matter if they are end-customers or business partners, by offering them the payment form they want to use. With Comarch ALTUM you are able to offer them payment by check, cash, bank transfer or card. In addition, you can use credit memos or debit memos as well as invoices to settle payments by compensation.

Improved financial planning thanks to a more realistic picture of your financial situation

Having a permanent overview of the current financial situation of your company is the foundation you need in order to plan for future expenses and investments. Knowing when you need cash to flow in and when you have sufficient financial resources available helps you advantageously define the payment conditions you can offer to customers as well as plan outgoing payments. Comarch ALTUM helps you better understand your financial situation and therefore avoid cash-flow problems.

Improve customer payment behavior

A good way to improve your cash flow is to give your business partners an incentive to pay on time. Using the cash discount functionality of Comarch ALTUM, you can influence their payment behavior by granting discounts to customers who pay within a given period of time. Since cash discounts are very attractive to customers they are willing to pay earlier therefore making enough cash available for covering current expenses.

Easily operate in many currencies

Because your business is becoming more and more global, with clients and suppliers from all over the world, you need to be able to operate in many different currencies. Comarch ALTUM helps you handle any number of different currencies, manage different currency registers and accounts and calculate exchange-rate differences. Doing business abroad is hard enough, so let Comarch ALTUM take care of such details.

Accounting and Finance

Financial statements and reporting

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