A Revenue Billing & Collection Solution
Symphony is a Revenue Billing & Collection solution with a fully integrated solution suite that gives organizations in a variety of industries complete control over the planning and management of funds.
With access to easy-to-view, real-time information, a business can leverage SYMPHONY to respond to changing circumstances, react quickly to customers demands, reduce operating costs through streamlined processes and workflow automation and outpace the competition.The modular nature of the solution allows a firm to select those functions needed to increase operational control and effectiveness. SYMPHONY is enhanced and upgraded on an ongoing basis thereby enabling organizations reap the rewards of a more efficient operation.
Institutions are invariably found helplessly lacking independent means of obtaining and timely monitoring third-party direct payments, which, by all standards of contemporary corporate operations, should serve as a valid input for bank reconciliation exercises
-Online Customer Payments Capture
-Auto-generation of Payment Receipts
-Accounting Entries Generation
The management module works in tandem with other modules to maintain a complete accounting system for the organization. It integrates accounting information in real time and helps to meet the accounting consolidation and reporting needs of a complex and changing business environment etc.
Funds Outflow Trapping Module
It is a complete multi-channel payment system that incorporates detailed and flexible transanctional workflow in payment up to validation accounting, online signatures, payment register, multi-channel funds transfer, printing and entry posting.
1. Independent monitoring of direct payments
2. On-line own records update with auto generation of accounting entries
3. Eradication of errors/omissions/frauds associated with manual payment processing
4. A platform for actualizing auto-reconciliation of bank accounts
5. Reduced turnaround time for total payment transaction
6. Ideal archival/retrieval system for receipt/acknowledgement slips presented to third parties on direct payment and more
Funds Inflow Trapping & Monitoring Module
For many justifiable reasons, institutions liaise with Payment Collection Agents, especially the banks, with a view to facilitating third-party direct payment into institutions’ varied bank accounts. While the banks involved maintain their across-the-counter records, it is discovered that most institutions unfortunately rely solely on the information made available by the banks to be able to update own internal records.
Institutions are invariably found helplessly lacking independent means of obtaining and timely monitoring third-party direct payments, which, by all standards of contemporary corporate operations, should serve as a valid input for bank reconciliation exercises.
– Online customer payments capture
– Auto-generation of payment receipts
– Accounting entries generation
– Application interface
– Multiple access etc
– Online revenue analytics & graphical representations