FS² AutoBank

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)


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.

Key Features

  • 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

Key Benefits

  • 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

Product/Service details