One of the easiest ways to start using Collections Management is to use the included Sample Collection Data. These included tools need to be installed in a shared location where all users will be able to access them, so it is best to put them on a network drive.
The Collection Plan feature added to Collections Management has been a big hit with users and business alike, as it takes the guess work out of the next step in the collections process. Once the system is up and running, in certain situations the plan runs so well that it does not require a human touch.
Often times in Collections Management, users are tracking accounts receivable and late payments from customers. But one exciting new feature of Collection Plans for Collections Management is the ability to enter negative days as a first collection step.
Collections Management has had the ability to email customers for a long time, and this feature is more crucial now than ever before. As more businesses choose to “Go Green”, paperless invoices are becoming critical for customers to streamline their payables process and keep better track of documents.
Installing the new Collections Management is a fairly simple process. Starting in the second half of 2013 an msi installer is available, but the other option is the long standing method of dropping data and chunk files into the Dynamics GP folders.
Valid Registration Keys (RegKeys) are needed to operate Collections Management for Microsoft Dynamics® GP. However, with the transition of the Collections Management business from Microsoft to Professional Advantage (PA), I thought this blog might be useful to unravel the RegKey puzzle.