Working with Rollsoft is Easy (and almost fun!)
As a result :
You performed payments without using the company cash, thus increasing the cash in hand
You collected receivables without a single call to your debtors
Rollsoft in Depth
The Settlement Principle:
If I owe you 1000€ and you owe me 700€, we wouldn’t switch these amounts; I’ll simply pay you 300€.
The same logic can be applied if 3 or more entities are involved; For example, if A owes B 1000€, B owes C 700€, and C owes B 800€, you can reduce 700 € from all the amounts. However, implementing it is much more complicated: in the example above, B knows about the debts A->B and B->C , but does not know anything about the debt A->C .
Rollsoft overcomes this limitation being a secured system to which all participating companies submit their collectibles and payables details. Using elaborated logic, Rollsoft algorithms identify such debt chains that can be settled. This allows you to pay some of your payables with your collectibles, thus leaving more cash in your company!
All the data you provide is kept securely. Users see only the data related to their company, entered by themselves or by their creditors or debtors.
A closed sequence with 5 participants was found.
The amount of 3,100 € (the minimum amount in the sequence) can be deducted from all the amounts owed.
3,100 € debt was settled for all the 5 participants in the sequence.