Today I'm going through Cash Management.
1) Batch transactions - take multiple AR receipts and group them into one desposit slip. Makes reconciliation much easier. In Sage 300 (Accpac), Cashbook has this feature. This wasn't available in the standard banking module for ages but then it came in either 6.0 or 6.1.
2) Payment Reclassification - When going through the bank statement, you can find random receipts/payments in there. You can enter them into the system so they are logged. They post to a holding account. Then when you've investigated them, you can reclassify them and assign them to a customer/vendor and it creates the AR/AP documents for you automatically and moves the balance from the holding account to your bank account. Or you can link to an AR/AP entry if it's already there and you missed it. This essentially saves the paper method of highlighting bank statements and then hopefully remembering to investigate it. By having it in the system it's logged for someone to do something with it. Very neat!
3) Bank Statement Import. File formats supported are OFX and Excel, the latter not using templates and needing to be configured each time. For anything else you have to use integration services and do it yourself. That's a bit poor. Hopefully as the partner base expands people will develop the templates for this and it can catch up to RecXpress. That said, once you have your statement imported, it's a really cool tool. It's definitely friendlier than RecXpress. The AutoMatch is configurable which is one up on RecXpress. You can create transactions directly from this screen too e.g. bank charges.
4) Bank Reconsiliation. Pretty standard. Can do everything Cashbook and Bank Services can. Nice feature is the ability to void out previous reconciliations and do them again. And easily. I can't remember if Bank Services has this feature or not. Cashbook definitely doesn't.
That concludes the advanced financial modules.
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