Release 5.1.2 of FinanceSuite AutoBank Automatic Cash Application offers an Enhancement Package that enables you to automatically process remittance advices in a simple way. One of the key drivers for this enhancement was driven by client requests to have a solution for plain-structured remittance advices. A growing number of customers do not specify their invoice numbers in the bank statement but rather send the necessary information separately in e-mails, PDF, Word or Excel documents.
This leads to manual work which takes more time to clear and delays the credit management process. Hanse Orga now introduces an efficient solution that comprises OCR technology to bring high levels of automation of remittance advices. FinanceSuite AutoBank Automatic Cash Application 5.1.2 can now import the information and link the remittance advice data with the bank statement and assign incoming payments in a fully automated way.
The FinanceSuite AutoBank Automatic Cash Application can, thus, process all types of remittance advices (paper-based/electronic and complex/simple) now, and customers benefit from a drastically increased automatic assignment rate and achieve significant time savings.
If you would like to know more about how to best use our new remittance advice options for your company, please feel free contact us. We are happy to support you!