Financial automation software for chemicals companies
Overcoming challenges requires working capital excellence
Chemicals companies face challenges like price hikes for raw materials, supply chain instability, experience drain due to an evolving workforce, increased scrutiny in terms of environmental, social, and governance (ESG) responsibilities, and complex regulations and compliance regimes.
This means you need to invest in new technologies and products to remain competitive. But every investment carries a strategic risk and requires the ability to comprehensively assess working capital to ensure success.
Serrala is here to help your business transform by transforming the way you manage your finances. Our solutions automate your AR, AP, and treasury functions to help you understand your cash position, plan more confidently for the future, and increase decision velocity while optimizing and maximizing your working capital.
Optimizing the Order-to-Cash cycle: Accounts receivable teams trust Serrala
With our cash application, credit risk management, and collections management software, you can automate processes by up to 99%.
Chemicals companies trust our finance automation solutions. With our help, your teams no longer need to spend hours extracting balances from bank statements, manually reconciling invoices, compiling reports, and managing formats.
Our solutions support and simplify your business across all aspects of your AR workflows: integrating with other supply chain management solutions, managing nonstandard billing approaches, providing global processes for tax controls and reporting, and ensuring total visibility into your working capital position to give you a clearer idea of ROI of your activities, the resources you have to invest in new processes, and where you can expect to be in the short, medium, and long term.
What can our Invoice-to-Cash solutions do for you?
Automated clarification, anti-fraud, and anti-money laundering screening and GDPR reporting provide you with peace of mind and safeguard your business against legal, data, cyber, and financial risk with minimal overhead.
Our AI-powered tools can revolutionize your cash flow process – automating up to 99% of tasks and allowing largely touchless payment reconciliation – delivering your company immediate cost savings.
Our solution lets you know your exact cash position at any time and apply all cash with automated, same-day matching. This means you can make better use of your company’s funds in your facilities, across your supply chains, and in research and development.
Our customers can reduce their DSO (days sales outstanding) significantly by automating manual and repetitive tasks. Your people spend less time chasing invoices, and more time adding value
automated, end-to-end processing easily manages bank statements, remittance advice, lockbox, and payment service provider settlements. Reducing workloads, reducing fees, and increasing user satisfaction and performance levels across your AR teams.
our solutions provide your teams with over 400 pre-built reporting KPIs that can all be accessed in real-time – giving you an up-to-date and accurate overview of your company’s cash position. Reporting is made simple across your entire invoice-to-cash process, ensuring better financial planning and strategic allocation of working capital across all your different business units.
our chemicals back office software gives you the power to automate processes across your credit risk management lifecycle. From accurately determining risk levels to proactive risk mitigation strategies that add value, deepen customer relationships, and help protect your bottom line.
our solutions for collections, deductions, and disputes are the most comprehensive available, allowing you to centralize and standardize to improve customer engagement and further reduce days sales outstanding.
Automated clarification, anti-fraud, and anti-money laundering screening and GDPR reporting provide you with peace of mind and safeguard your business against legal, data, cyber, and financial risk with minimal overhead.
Our AI-powered tools can revolutionize your cash flow process – automating up to 99% of tasks and allowing largely touchless payment reconciliation – delivering your company immediate cost savings.
Our solution lets you know your exact cash position at any time and apply all cash with automated, same-day matching. This means you can make better use of your company’s funds in your facilities, across your supply chains, and in research and development.
Our customers can reduce their DSO (days sales outstanding) significantly by automating manual and repetitive tasks. Your people spend less time chasing invoices, and more time adding value
automated, end-to-end processing easily manages bank statements, remittance advice, lockbox, and payment service provider settlements. Reducing workloads, reducing fees, and increasing user satisfaction and performance levels across your AR teams.
our solutions provide your teams with over 400 pre-built reporting KPIs that can all be accessed in real-time – giving you an up-to-date and accurate overview of your company’s cash position. Reporting is made simple across your entire invoice-to-cash process, ensuring better financial planning and strategic allocation of working capital across all your different business units.
our chemicals back office software gives you the power to automate processes across your credit risk management lifecycle. From accurately determining risk levels to proactive risk mitigation strategies that add value, deepen customer relationships, and help protect your bottom line.
our solutions for collections, deductions, and disputes are the most comprehensive available, allowing you to centralize and standardize to improve customer engagement and further reduce days sales outstanding.
Transform your Invoice-to-Pay process with Serrala AP automation and payment software for chemicals companies
Accurate and timely payments to suppliers are a key part of your company’s processes and commercial success and vital to good working relationships. Accounts payable automation software needs to account for the fact that a business like yours might process millions of incoming invoices every year, from hundreds of different suppliers, and in many different formats.
That means providing a solution that enhances visibility and control of payments while automating and standardizing the processing of incoming invoices across a host of different locations and business types globally. All while supporting connectivity and scalability across growing and changing business units.
Serrala invoice to pay software for chemicals companies gives you this capability. Our AP automation and payment solutions help you secure your supply chains, optimize cash flow, and unlock benefits and solve problems in ways that go beyond efficiency gains.
Our customers report that our software can save their teams thousands of hours a year across their vendor invoice management and payment processes, from receipt to posting to vendor reporting.
What can our Invoice-to-Pay solutions do for you?
Quick and accurate cloud-based invoice capture eliminates manual processing for digital invoices. Providing immediate visibility into supplier spend and giving you extremely high touchless processing rates.
Our automation software lets you access invoice and payment information from the same solution, on any device, at any time. Your teams can securely review transaction information and perform needed actions on the spot to ensure timely processing.
Enable straight-through invoice processing and instantly optimize and execute payments. Your organization can use our solutions to define business-wide rules that increase efficiency and keep information flowing from your payables automation to payment automation. Helping guarantee your supply chain and ensuring satisfied vendors.
A central hub for payment processing across all your ERP and financial management systems streamlines workflows and improves visibility. Simplify payment processing with workflows that automatically route payment requests for review according to standardized formatting rules. Eliminates the need for multiple redundant bank portals with a solution that centralizes your bank formats and connectivity.
Easily onboard new business units, suppliers, or invoice volumes and simplify payment processing with workflows that automatically route payment requests for review according to standardized formatting rules.
Rule-based checks for up to 100% of your payment transactions make monitoring for fraud, flagging suspicious activity, and preventing double payments simple. This means you’re only spending on the supplies your business needs, and nothing can fall through the cracks.
Direct connections to your supplier networks and banks make offering self-service portals simple. And to centrally manage payments and bank communications for a more compelling user experience, improved visibility, and enhanced control.
Quick and accurate cloud-based invoice capture eliminates manual processing for digital invoices. Providing immediate visibility into supplier spend and giving you extremely high touchless processing rates.
Our automation software lets you access invoice and payment information from the same solution, on any device, at any time. Your teams can securely review transaction information and perform needed actions on the spot to ensure timely processing.
Enable straight-through invoice processing and instantly optimize and execute payments. Your organization can use our solutions to define business-wide rules that increase efficiency and keep information flowing from your payables automation to payment automation. Helping guarantee your supply chain and ensuring satisfied vendors.
A central hub for payment processing across all your ERP and financial management systems streamlines workflows and improves visibility. Simplify payment processing with workflows that automatically route payment requests for review according to standardized formatting rules. Eliminates the need for multiple redundant bank portals with a solution that centralizes your bank formats and connectivity.
Easily onboard new business units, suppliers, or invoice volumes and simplify payment processing with workflows that automatically route payment requests for review according to standardized formatting rules.
Rule-based checks for up to 100% of your payment transactions make monitoring for fraud, flagging suspicious activity, and preventing double payments simple. This means you’re only spending on the supplies your business needs, and nothing can fall through the cracks.
Direct connections to your supplier networks and banks make offering self-service portals simple. And to centrally manage payments and bank communications for a more compelling user experience, improved visibility, and enhanced control.
Cash management and treasury software for chemicals companies
Managing your finances the right way means the difference between making critical investments in business transformation, new processes and methods, and hiring key and retaining personnel, or being left behind.
Our solutions help you stay ahead of the pack by empowering you to optimize your cash, plan and forecast your liquidity, take full control of your accounts and mandates, and make intelligent decisions about how you allocate your resources.
Customers tell us that our integrated approach creates better quality data, which in turn makes for an easier and more fluid approach to managing liquidity and financial instruments. Giving everyone from shareholders and other investors to finance teams full confidence in the numbers they’re working with.
What can our cash management and treasury solutions do for you?
Get the data you need automatically with simple, intuitive configuration, whatever your business makes, and whatever your teams need to know.
Analytics for all account information and cashflow status provide an up-to-the-second picture of your company-wide liquidity, giving you the power to make strategic and tactical decisions at speed and control and plan spend more accurately.
Retrieve data from a variety of sources for a comprehensive organization-wide overview. Eliminating bottlenecks, ensuring you can always apply cash where it’s needed, and keeping everyone informed of your position in real time.
Flexibly configure your categories for cashflow-based planning, simulations, and scenarios. This gives you a better idea of how to react in a range of situations from supply chain breakdowns to unexpected market changes.
Our treasury solution gives you the capacity to manage loans, credit facilities, money market instruments, and more with intuitive connections to trade portals, bank accounts, and other services.
Get the data you need automatically with simple, intuitive configuration, whatever your business makes, and whatever your teams need to know.
Analytics for all account information and cashflow status provide an up-to-the-second picture of your company-wide liquidity, giving you the power to make strategic and tactical decisions at speed and control and plan spend more accurately.
Retrieve data from a variety of sources for a comprehensive organization-wide overview. Eliminating bottlenecks, ensuring you can always apply cash where it’s needed, and keeping everyone informed of your position in real time.
Flexibly configure your categories for cashflow-based planning, simulations, and scenarios. This gives you a better idea of how to react in a range of situations from supply chain breakdowns to unexpected market changes.
Our treasury solution gives you the capacity to manage loans, credit facilities, money market instruments, and more with intuitive connections to trade portals, bank accounts, and other services.
Discover how Serrala AI-powered automation software is transforming the way manufacturers handle their finances
Sun Chemical – achieving automation rates of up to 97%
A global leader in printing inks, Sun Chemical sought to automate their payment processes during the COVID-19 crisis to support teams working remotely and lessen the burden on their corporate shared services centre.
Despite the challenges imposed by the pandemic, Sun’s accounts receivable team achieved impressive automatic posting rates, such as 97% for bank statements, while efficiently managing large posting volumes.
Thanks to the fully SAP-embedded Serrala solution FS² AutoBank, the team smoothly adapted to the home-based work environment, accelerating the cash application process and ensuring uninterrupted cash inflow.
Dow DuPont – boosting auto-posting rates to 68% globally
DowDuPont faced several challenges with their outdated SAP system (R/2). As electronic payments with decoupled remittance advices increased, the need for global oversight of payment processing became evident.
Additionally, the group’s cash application process was complex, requiring detailed steps and causing inefficiencies.
By embracing a modern SAP system augmented by Serrala’s automation solutions, DowDuPont increased their autopost rate from approximately 47% to around 68% globally. Posting rules were swiftly created and maintained, ensuring accurate and streamlined processes.
The benefits of the transformation extended beyond cash application, positively impacting other areas such as FinStat Accounting, Accounts Payable, and Treasury functions. The company now operates with greater agility and efficiency across these critical financial processes.
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