In AS-Lingo you can choose to use any of the standard Ledgers available world wide or you can decide to use your own ledger.

If you are a subsidiary of a global enterprise, then you may be located in a country where specific ledgers are mandatory (e.g. US GAAP or IFRS as well as any of the many General Ledger Frameworks used across Europe). That’s not a problem in AS-Lingo because ledgers can be mapped to comply with any central corporate ledger to enable consolidation in a global environment. AS-Lingo also supports the reporting of electronic balance sheets as legally required by some European countries. The XBRL (eXtensible Business Reporting Language) format of these reports is based on the taxonomy issued by the financial authorities of these countries.

You can also assign GL-Accounts to any number of Dimensions allowing you to assign accounts or transactions to business relevant entities and thus connect transactions to be viewed and reported from many different aspects of your business. You could for example take a look at your companies performance from the point of view of a project, a department or a specific product range that has recently been introduced to the market.

Proper management of invoicing, credit terms, and other accounts receivable tasks accelerates your cash flows and keeps your organisation strong. AS-Lingo automates invoicing and collections processes to give you fast, efficient, and automated accounts receivable management. That accelerates the cash cycle, improves your business performance, and improves customer satisfaction.

AS-Lingo lets you automate your processes, send invoices by email, and offer more payment options to customers. Generate recurring bills for easy subscription management, attach customer documents to transactions for better record keeping, and more.

Connect accounts receivable to the rest of the business for a financially consistent view. AS-Lingo gives you a single view of quotes, sales orders, and invoices. Order transactions are automatically linked to your general ledger and accounts receivable ledger, so you can streamline billing and accounting. And it offers up-to-date, accurate sales tax calculations.

AS-Lingo gives you real-time visibility with built-in and configurable reporting. Get a complete picture of customer aging, invoice analyses, recurring invoices, deferred revenue, and more. AS-Lingo lets you analyse your accounts receivable data by a variety of business drivers, which you yourself can create, for a complete view from every perspective.

Do you want to reduce costs and improve cash flow? Using AS-Lingo Collections, efficiently manage customer communications with a structured and automated process that sends customers configurable reminders, lets you assign owners to collection cases to ensure accountability, and centrally records all activity.

With AS-Lingo you can

• Achieve healthier cash flows by shortening invoicing and payment cycles
• Make collections painless with automated dunning and collection notices
• Gain real-time visibility into customer histories, aging balances, and more with configurable dashboards and reports

Escape the productivity-draining manual processes of accounts payable. With AS-Lingo, your finance team can automate tactical vendor management workflows across the entire accounts payable process with increased speed and efficiency. That means more focus on high-value analyses, insights, and cash flow optimisation—and less frustration and wasted time.

Save hours every day by automating manual accounts payable processes and streamlining inefficient workflows. Point and click to configure the approvals process that works for you. Take advantage of automated expense allocations when you pay bills. AS-Lingo makes you more efficient.

With AS-Lingo, you can track and view payments, approvals, and reports—anytime, anywhere. Now you can see your accounts payable liabilities, vendor aging reports, and bill and check register reports in real time.

AS-Lingo’s automated and configurable processes enhance internal controls. You define the workflows, approvals, and internal controls to align with the way your business operates. That also means you have visibility into the entire accounts payable process to ensure accountability.

A simple scenario showing how easy it is to automate a complex process in AS-Lingo:

1. Let AS-Lingo create a payment proposal or direct debit proposal with just a single mouse-click.
2. Edit the proposal online to make changes to vendor account transactions to delete, postpone or add payments as needed and print the proposal for audit purposes.
3. One more click to release the proposal for payment and pick up all the reports from AS-Lingo’s Document Manager where you’ll find
   • the cover letters to be sent/emailed to your suppliers and also
   • the payment lists and audit reports showing the details of the payment / direct debit process
   • the payment file(s) which you can (automatically) transmit to your bank(s) for clearing

All Payments have now been allocated to the open items on the vendor accounts.