Increase Automatic Reconciliation Rates and Drive Constant Improvements

FS² AutoBank is an SAP-integrated solution that automates and optimizes the cash application process via an intelligent reconciliation logic for bank statements, remittance advices, and lockbox information embedded smart manual post-processing capabilities. The solution unlocks efficiencies in the process of automatic clearing of open items: cash posting rates are increased to 80-95% with peaks at 98%. Posting rules and filters are easy to set-up and modify by the finance department without IT support, delivering efficiency gains instantly. DSO can be reduced by 50% with the solution.

FS² AutoBank is certified by SAP for its integration with SAP S/4HANA and also works with previous SAP systems like ECC. It can be combined with FS² Credit and FS² Collections to integratd the order-to-cash cycle from end to end.