The Bank & Cash Management module is fully integrated with the JD Edwards EnterpriseOne financial modules, processing bank statements and generating G/L entries and AR and AP updates in real time. Matching receipts to open AR or GL is performed automatically.
BCM ensures the best possible matching rates as the matching process is performed based on customer specific business practices. BCM contains several matching algorithms, which are unique combinations between receipt and AR details, i.e. invoice number, address book number, paid amount, sales order, pick slip, payment notification and statement number. The matching algorithms are combined into customer unique routines, establishing the foundation to effectively perform the matching.
In addition to automated matching, BCM supports the creation of unapplied cash, manual AP payments and creation of new AR or AP invoices.
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