Banking and Cash | Financial Management
Direct Debits
Mandates held on file, and the collection runs presented against them.
What it does
Inside Direct Debits.
Recurring cash arrives on the due date, and a failed collection is worked the same day.
01
Mandates per payer, with scheme, limit and signature date
02
Collection runs batched, presented and reconciled to the bank
03
Failures and returns fed back to the customer account
04
Cancelled and expired mandates blocked before a run is built
Where it sits
Part of Banking and Cash.
Connected Bank Feeds Accounts connected once, transactions arriving continuously. Bank Reconciliation Statement lines matched to postings, with the difference explained. Cash Position Group cash by entity, bank and currency, current now. Payments and Transfers Outbound payment with approval and verification inside the flow. Cash Forecasting Expected cash built from what is actually committed. Card Accounts Issued cards, limits and spend on the same record as the journal. Cash Operations Deposits, expected receipts and own-account transfers as tracked documents. Payment Files The file the bank actually receives, tracked to what the bank did with it. Matching Rules How the engine decides two records are the same document, as configuration. Reconciliation Exceptions Every open difference across every engine, in one queue, largest first.
Run Direct Debits against your books.
A working session on your structure and a month of your documents.