Please Wait a Moment
X

Infor LX Tips, Infor LN Tips, BPCS Tips, Baan Tips, Infor M3 Tips & Infor ERP News

Crossroads Connections

Infor ERP Tips & News from the Experts

Infor LX | Infor LN | BPCS | Baan | Infor M3

George Moroses
/ Categories: Infor LX & BPCS Tips

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

Previous Article Revamp Your Productivity: Discover Crossroads RMC's Ultimate Solution
Next Article Infor LN & Baan Tip: Performance improvement by setting the First Free Number Cache (tcmcs0651m000)
Print
8465 Rate this article:
5.0
George Moroses

George MorosesGeorge Moroses

Other posts by George Moroses

Theme picker

Contact author

Please solve captcha
x

Tips:  LX | BPCS | M3

Role-Based Security introduces Role type profiles and allows combining the use of Role profiles with the traditional LX User type security profile functionality. The new Role type profile can be defined to allow or deny access to All Products, Attention Key, Products, Programs, and Transaction Effects. Facility, Warehouse, and Company securities are still defined solely by the User profile settings and are not affected by the assignment of a Role. Where applicable, the Role authority is displayed alongside the User authority on the security profile maintenance screens making it easy to see where there are differences in authority between the User and the assigned Roles. 

When Users are assigned to Roles, security access in LX becomes a combination of authorities granted or denied by the Role, plus any User Exceptions. User Exceptions override authorities set by the Roles. A User can also be assigned to more than one Role.

12345678910Last

Theme picker

Tips: LN | Baan

What will you do when your ERP is no longer supported in 2021?

This is a confusing time for many companies with respect to their ERP system.

"Will I still be able to run my current version?"
"What happens if I want to stay on my version?"
"What options do I have?"

Crossroads RMC is here to help you sort through the confusion and get you to a place where you feel confident about your ERP future.

Let's get started with how we can help. I want Crossroads RMC to…

  • Conduct an Infor ERP Utilization Review – Should I consider moving to the latest version of LX in the cloud, or on prem? If I don’t, what are my options?
     
  • Set up an Infor ERP Demo System – I want to give my employees a chance to try out the latest version to see if it would be of benefit.
     
  • Train My Employees – I want to ensure that we’re operating based on best practices.
     
  • Integrate My ERP to External Systems – My company uses separate systems that don’t talk to one another and that is really inefficient.
     
  • Brainstorm With Me – I’m not sure what to do. I need to talk through some scenarios with someone who has been there, done that.
     
  • Support My Users – I’m short-staffed. I may upgrade, or I may stay where I’m at. Either way, I could use someone to handle our ERP issues. Please help!

Contact us at 800.762.2077 or click here to request a free phone consultation and we'll get you back on track.

Porting set 9.3g has been released and is suitable for use by:
• Infor LN customers
• Infor Baan ERP 5.2a customers who have migrated the Infor Baan ERP 5.2a Tools to Infor Enterprise Server 8
• Infor Baan ERP 5.0b and 5.0c customers who have adopted SLM as described in document U8985F US: User's Guide to upgrade to porting set 8.2b or later
• Infor BaanIV c when the conditions for upgrading from the 6.1c.xx porting set line are met.

First4748495052545556Last

Theme picker

Categories