Our client was the first to implement a vendor’s invoicing module, which provided no functionality to apply cash payments. This limitation prevented any type of receivables/payables tracking, aging, or credit reporting.
Working closely with the vendor, MidDel’s consultant was able to rely upon their back office expertise, functional knowledge of the application and extensive technical expertise to build an application which provided the needed functionality. They managed the build-out of a custom VB application that integrated the application of cash payments with their reporting tools.
The solution provided cash application automation while eliminating the roadblock in receivables/payables, aging and credit reporting functionality. The client was able to keep all credit and back office reporting in one centralized location, allowing for scale and significantly lower operations cost.