FinanceSuite AutoBank Automatic Cash Application

Increase Automatic Reconciliation Rates and Drive Constant Improvements

The FinanceSuite AutoBank Automatic Cash Application solution is designed as an add-on to SAP and optimises the automatic cash application process via an intelligent reconciliation logic for bank statements, remittance advices, and lockbox information. The solution unlocks efficiencies in the process of automatic clearing of open items: assignment rates are significantly increased thanks to easy-to-configure intelligent posting rules. DSO can be further brought down via the embedded smart manual post-processing capabilities. The Performance Cockpit allows for monitoring and active management of the entire reconciliation process.

• Automatic processing of bank statements, remittance advices, lockbox
• Flexibly customizable matching and posting rules
• Intelligent search functions to match open items:
  • Main rules and sub rules
  • Conversion table
  • Sending bank details
• Dispute workflow
• Performance cockpit: analyzes and monitoring of matching processes
• Reporting

• Increase of automatic assignment rates
• Reduction of manual post-processing of unmatched items
• Automatic posting (debit-side, credit-side, G/L transactions) in SAP
• Complete overview of electronic bank transactions in real time
• Improves Straight-Through Processing
• Easy to monitor and manage entire reconciliation process
• Excellent tool also for Shared Service Centers and Collection Factories