Infor LX & BPCS Tip: Automated Approach to Your Cash Application Process with ARP

Advanced Remittance Processing, ARP, provides an automated approach to your cash application process. ARP works together with Accounts Receivable to save valuable time and resources by automatically applying incoming payments to open receivables during daily batch processing. You can easily and efficiently resolve unapplied remittances online.

Advanced Remittance Processing (ARP) is an automatic cash application process that allows you to perform the following functions:

• Receive lockbox deposits electronically from your banks on the day the payments are deposited
• Automatically apply the majority of the day's receipts to open items in accounts receivable in one batch process
• Perform online disposition of exceptions the system encounters during the automatic cash application process
• Generate a complete set of daily reports and maintain historical deposit and payment information online to allow you to audit all cash applications

The ARP automatic cash application process can be summarized in a series of operations that highlight the labor savings provided. ARP processing requires some setup to ensure that the process operates as efficiently as possible.

ARP allows you to perform the following operations:

• Receive/Edit Bank Transmission of Lockbox Deposits
• Identify/Assign Customer Numbers
• Select Customer Open Items
• Summarize Open Items Extracted
• Check Application Against Open Items
• Produce Reports Recapping Check Application Process
• Create Disposition and On-Account Payment Records
• Report Check Differences
• Create Applied Checks Interface Records to Accounts Receivable
• Flag Disposition Records as Temporarily Paid on Ledger File
• Update A/R Ledger and Audit Files
• Open Item Extraction

George MorosesGeorge Moroses

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