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Advances, final settlement,
deferred settlements, simulated settlement, advance
and settlement voids are available for tickets applied
to purchase and sales contracts as well as ‘spot’
inbound and direct-ship tickets. Tickets can be ‘reversed’
from a final settlement instead of voiding the settlement
in which case a debit/credit memo is created.
Settlements process all computations including; grade
factor discount/premiums, with optional averaging, grade
discounts, cross-applied product discounts/premiums,
contract price adjustments, carry, contract multi-origin/destination
freight differentials, ticket freight charges, drying,
storage charges, discount schedule deduction/additions,
DP charges, delayed payment premiums, up to three checkoff/levies,
and three levels of tax (GST/VAT), including tax on
checkoff/levies. Manual adjustments are shown as well
as Debit/Credit memos applied to this settlement. |
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Deep functionality means
a high degree of fit for your business with few workarounds
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High efficiency due to batch
processing and refined procedures |
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Professional laser printed
appearance of settlements with complete producer detail
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No worries about overpayment
due to computational errors or missed data |
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Ability to make corrections
such as ‘reversing’ tickets without voiding
settlements
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