ANAPLANS can access reports and collection information on the ANAPLANS Server.
Main Summary
This report displays a snapshot of the client’s A/R Balance; Purchases to date for the month and available reserves.
Client Summary
This section of the report displays information for the time frame requested on the overall balances of the client.
| A/R Balance - | the face value of open accounts receivable |
| Eligible A/R- | Credit insured receivables less than 90 days |
| Advanced Balance - | the amount of funds employed (the total amount advanced to the client) |
| Cash Reserves - | the amount due to the client for reserves withheld from advances on paid invoices |
| Purchase Orders Financed - | Lists the individual amounts of PO’s |
| Total Funds Employed - | the amount of funds employed (the total amount advanced to the client) |
| Charge Backs – | Amount of invoices short paid |
| Give Backs – | Non-factored cash receipts due back to the client. |
| Ending A/R Balance - | the face value of open invoices |
The Aging Report
The Aging Report is a useful tool for ANAPLANS to use to review the portfolio. ANAPLANS should monitor this report no less than weekly and with each and every funding for a client.
This report is generated on a client basis.
- Concentrations
- Aging Categories
- Cross-Aging, and
- Potential aging problems – ANAPLANS should review all collection notes posted to the online system to determine if a problem exists on any aged account.
Collection Calls Report
The Collection Calls Report should be updated at the time of any calls with customers regarding payment.
- The date of the collection activity
- The User (The collector)
- The Contact (at the customer)
- The Method of contact (phone, fax, email)
- Action (what happened during the call? CB=call back, WP = will pay)
- When – When did the customer promise to pay or when should the collector call back
- Response/Notes
- Invoices
ANAPLANS should periodically review this report to see what the collection status is on any past due invoice.