RCS MONEYTRAX^®

The Product
MONEYTRAX is a comprehensive transaction management system which records and tracks the entire cash inflow cycle right from tentative order confirmations till collection of payment. It keeps track of the payments made and to be made making way to plan efficient cash flow. Its versatile followup mechanism ensures speedy collections.
RCS MONEYTRAX helps improve collection performance, reduce days of outstanding, enhance cash flow capability and optimize cash management. All this while reducing costs, gaining efficiency, and improving customer and vendor relations. It also helps in the measurement of cash flow to give information on a company’s value and situation.

 
Dashboards
Easy to visualize dashboards will help quickly glance through the all important financial details of the company. Be it bookings or collections or expenses all your plans versus actuals are available in simple visual formats.

•     Provision to manually add accounts receivables and accounts payable details.
•     Provision to modify the data based on the customer, vendor, commitment, and booking.
•     Provision to set e-mail frequency based on customer, vendor and invoice.
•     Provides an electronic method to send remainders to customers promoting early and on time payments.
•     Provision to send e-mail notifications to vendors upon payment.
•     Provision to upload excel sheet generated  by TALLY

Monitoring (Monitoring individual transaction)
MONEYTRAX keeps a daily check on all transaction stages. It checks the date on which the status should change to a higher level based on the following:

•     Commitments given by individuals
•     Due Dates based on terms negotiated with parties
•     Dates decided during planning or budgeting
•     Successful transactions (achievements)
•     Defaults

These informations are passed on to the alerting system for customized alerts to intimate stakeholders.

Tracking (Tracking each stakeholder)
MONEYTRAX tracks stakeholders whether they are employes or customers or other parties based on their promises to advance different transaction stages. These commitments are grouped individually and information pertaining to the following are updated in regular intervals:

•     List of commitments made for a period
•     List of commitments made during a planning session
•     Commitments made for different transaction stages (a,b,c & d)
•     Achievements
•     Defaults

These informations are passed on to the alerting system for customized alerts to intimate stakeholders.