Nexion. Cash Flow Management. Solved!

 

New Nexion features:

Report Subscription:

Nexion now allows you to subscribe to daily, weekly and monthly reports, reports will be delivered to the e-mail addresses specified as scheduled by you.  Keep in touch with your cash flow by having reports delivered to you.

Pre Authorization of Cards:
Nexion now allows you to “reserve” funds on a credit card allowing you to guarantee funds for 5 to 7 working days.  This feature will allow you to collect shortfalls and to lock in funds on your clients cards prior to services being rendered.

Deposit Cash & Cheques:
Nexion now allows YOU to determine when you deposit your cash and cheques, Transactions will remain in pending state you have initiated a deposit.  Cash and Cheque transactions will now reflect on your Cash report (renamed Bank Recon Report) on the date the actual deposit was processed. Nexion will also generate a report that provides details to a client level for filing with the deposit records from the bank or to use for signoff when cash is handed over.

Process Refunds:
Nexion will now allow you to process refunds without jeopardizing the security of your cash flow.

-          All refunds will retain the referencing of the original payment received

-          Card refunds can only be processed to the SAME CARD used in the original transaction

-          Refund cannot exceed total of original payment received.

All refunds will reflect on both Submission and Bank Recon (Cash) report to allow for seamless reconciliation to both your Debtor/Billing system and your Bank accounts.

Enhanced features:

Registration of patients for stop-orders and processing of Stop Order transactions:
Nexion has simplified the data capture required to register a stop order and has simplified the actual processing of a stop order transaction.  You will now be able to take control of your stop order transactions and process them in the practice in one easy step.

New Nexion Payment Screen:
Nexion has added transaction type specific buttons to both speed up transaction processing time by eliminating unnecessary pop-up windows and to give a total overview of tools available to collect payments.

 Nexion provides cash flow visibility and improved business control by:
•    Eliminating the need for complex spreadsheets.
•    Providing detailed reports that drill down to the patient level.
•    Generating reports to close your till at day-end and to balance your Bank Statements.
•    Creating an electronic cash book.

Nexion accelerates your cash flow by:
•    Reducing days outstanding for your accounts receivable.
•    Providing proactive tools to receive payments and recover old debt.

Nexion is designed integrate with existing practice management solutions yet is flexible enough to operate as a standalone system to:
•    Eliminate manual receipting completely.
•    Do away with posting payments as another administrative step, even for credit cards.
•    Minimise errors such as miss-postings and keying errors.

Nexion provides a single system to process all types of payment including:
•    Credit cards.
•    Cash, cheque and EFT payments at no cost to you.
•    Stop orders that proactively collect outstanding debt and manage payment terms.
•    Medical Aid bulk receipts.

Nexion creates flexibility by empowering you with the ability to:
•    Process and report by profit centre or practitioner.
•    Deposit funds into multiple bank accounts by profit centre or practitioner.
•    Deposit funds into an Investec account without keeping a separate account at another bank.
•    Process transactions for multiple profit centres or practitioners on any Nexion terminal.

Nexion provides business savings by:
•    Eliminating manual receipt books.
•    Reducing administrative costs.
•    Providing efficiencies from the reduction of keying, matching and the posting of payments.
•    Working with your existing phone line and not charging call costs on card transactions.
•    Reducing statement and other mailing costs.
•    Providing highly competitive card discount rates.
•    Ensuring that transaction fees for dental labs are no longer paid by the practice.

 

Pre Authorization of Cards:
Nexion now allows you to “reserve” funds on a credit card allowing you to guarantee funds for 5 to 7 working days.  This feature will allow you to collect shortfalls and to lock in funds on your clients cards prior to services being rendered.