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FAQ: 1.8 Bookkeeping, premium payments, premium collection and reminders
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How is the administration of accounts and bookings realized?
It is possible to define an account plan. The accounts can be multi- currency, fund accounts and bookings.
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Which booking types and settlement possibilities are there?
The system manages a classical accounting type.
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How is the process for the first and the following premium collections implemented?
The premium collection process depends on the payment type. The system is able to support many payment types: BESR-Invoice, Debit Direct Bank and Debit Direct Post, and Standing Orders. The premium collection process is completely automated.
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How does the treatment of Debit Direct return take place?
The system receives Swift files from the bank or from the post. The files contain the information of the payments that have not been successful. The files are then automatically read in the system and associated with the respective contract’s number.
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How does the reminding process take place? How many reminders are supported?
The reminding process depends on the customer and on the product’s strategy. It is possible to configure as many levels as needed.
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Is the reminder process fully automated and is it possible to place a reminding stop?
Yes.
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Which internal and external interfaces exist and how are these realized?
External interfaces: debit direct; swift; funds prices update Internal interfaces: depend on the customer’s needs.
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Does the data transfer to the bookkeeping take place in a condensed form?
It is possible to transfer the information in a condensed or in a detailed form. All information present in the database can be exported. In a specific case it is possible to transfer the information in both ways.
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When does the transfer of data to the bookkeeping happen?
The data transfer is scheduled for the end of every month for the monthly settlement or according to customers' needs
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Does it support manual bookings?
Yes.
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Where are the bank data (bank name, account number, clearing number) filed?
All the data is filed in the database.
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How does the fund buy and sell work?
The system is able to manage funds buy and sell on the expected - estimated payments or on the received payments.
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