The InFoReX Solution offers full invoice processing and account management services in conjunction with the functionalities outlined above through its Accounting Module. Similarly to settlement tools, these functions were also designed in such a way that they can be made compatible easily with any general ledger or account management application.

ACCOUNTING ENGINE

The InFoReX rule-based invoice processing engine is the "heart" of invoice processing and account management functionalities. This engine carries out invoice processing and accounting tasks relevant to the transaction types registered in the system (which general ledger accounts are affected, when postings should be made to the relevant accounts, where the various fields in a transaction should be entered in the books etc). Naturally, InFoReX accounting functionalities also provide comprehensive annulment management options.

ANALYTICAL ACCOUNTS MANAGEMENT

In conjunction with invoice processing, InFoReX also provides account management functionalities with services ranging from simple Loro accounts to the comprehensive analytical management of accounts and overdraft limits. The system supports automatic account opening and the management of dormant accounts, and it provides a tool with easy-to-use and transparent models for managing account interests and other conditions.

InFoReX has built-in tools for line management and collateral check, border areas between account management and settlement. The system can generate account certificates in SWIFT, Paper, GIRO-mail and t-key formats.

COMPLEMENTARY ACCOUNTING FUNCTION

In addition to basic bookkeeping and account management functions, InFoReX has built-in tools supporting tasks related market revaluation. The system can classify transactions according to general ledger and balance sheet lines, thereby creating any type of analytical data.

CUSTOMER MANAGEMENT

The integrated InFoReX system includes a comprehensive customer database. It is possible to define various customer types and compulsory data fields by adjusting system parameters. Users can also add individual data fields to each customer and such individual fields will be integrated and available throughout the system.

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