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Consolidated Billing By Lirik Inc.

Status: Unverified

Lirik’s Consolidated Billing is a powerful solution for automated or manual consolidation, payment and complete billing process. The Consolidated invoice that is created provides line item detail; does not hit the general ledger; is not included in forecasting and provides total summary information automatically in the header of the Consolidated invoice.

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Description

Simplifying the Multiple Billing Process

Our product aims to provide a consolidated billing module. The aim is to provide a platform through which the transaction records can be searched, marked and consolidated using an automated mechanism. It aims to increase billing process performance by providing one consolidated invoice over a number of transactions.

A setup screen is also provided to configure the Consolidated billing module based on company / user preferences.

Key Benefits

  • Consolidate/combine different transactions (e.g. invoices, credit memos and customer deposits) for any customer
  • Print and send consolidated invoices to customers.
  • Personalize preferences and setup for consolidation process as per their business need.
  • Accept payments against consolidated invoices which in turn auto applies to original invoices.
  • Role based dashboards.
  • Provides number of reports to keep track of business, performance and process.
  • Consolidation based on subsidiary and location.
  • Process tracking tools and reports. Effective savings
  • Doesn’t make any impact on GL.
  • Eliminate printing multiple invoices.
  • Helps to automate consolidated bill generation on weekly, monthly basis.

Outstanding Experience for Clerks and Managers

When you use Lirik’s Consolidated Billing Bundle, expect to be delighted by ease of product use, time and cost savings. Consolidation managers can configure the module based on the business need and then Consolidation clerks can execute the process with different criteria.

  • Expand and streamline the billing and payment capabilities of NetSuite for multiple invoices/bills.
  • Automatic send printed Consolidated invoices to customers.
  • Separate screen for Consolidation and payments process.
  • Role based dashboard to track process and performances.
  • Reporting on Consolidation process to ensure you manage it effectively to be able to capture information.
FEATURES

Consolidation Setup and Configuration

The consolidation setup screen is the base of consolidation module and contains fields to configure the module as per your business need, define the email template to be sent to the customer, set preferences for Consolidation. These settings are used when the process is run automatically, and also defaulted to manual screens.

Consolidation Execution

This method provides for UI Screen where the user defines the criteria to look for customers and their transaction, marks them to process and create consolidated invoices on click of the button for the marked transactions. The option to mark selective customers using check-boxes is provided and comes in handy where the Consolidation needs to be done for specific transactions.

Consolidation Payment

This option is provided for searching the consolidated invoices created and accept payments for the selected consolidated invoices. Making payments against consolidated invoices will actually create payments for original invoices, part of consolidation process.

Extensive Reporting

Lirik’s Consolidated Billing Bundle includes several reports which help consolidation managers and consolidation clerks to be on top of their consolidation process.

  • Consolidated Invoices Report
  • Consolidated Invoices for Customers Report
  • Consolidated Invoices by Employee(s) Report
  • Consolidated Payment Report

Role Based Dashboards

Customized role based dashboard provide at-a-glance views of KPIs , reports and performance relevant to Consolidation process. It allows users to keep to track KPIs, metrics, reports and other key data points relevant to consolidation process. Through the use of data visualizations, dashboards simplify complex data sets to provide users with at a glance awareness of current performance.