FS² AutoBank

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.

• 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
• Certified integration with SAP S/4HANA and works with ECC

• Increase of automatic assignment rates by 80-95% with peaks at 98%
• Reduction of manual post-processing of unmatched items
• Reduction of DSO by 50%
• 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