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FinanceSuite AutoBank Automatic Cash Application

Illustration of an automated, system-based account reconciliation cycle using the example of bank statements: 
Step 1 - Retrieval of bank statements, 
Step 2 - Automatic matching, 
Step 3 - Optimized manual post-processing, 
Step 4 - Dispute management, 
Step 5 - Reporting,

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.

Benefits: 

  • Increase of automatic assignment rates
  • Reduction of manual postprocessing 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 for Shared Service Centres

Do you have a question about our products or are you interested in a personal meeting? Feel free to get in touch with us.