Financial automation for the consumer products and services industries
Today’s consumer has access to wider markets with more options than ever. If you can’t give them great products and a convenient experience across all their preferred channels, they’ll vote with their feet.
On top of this, with price pressures mounting, your business must find efficiencies wherever it can to offset the rising cost of labour, suppliers, logistics, and the pressure felt on the customer’s wallet thanks to inflation.
To meet these expectations and pressures, your business will need to tightly control its finances and ensure resources are available to improve processes, fund innovation, and guarantee competitiveness.
Modern financial software can help you achieve this by automating and consolidating processes across AR, AP, payments, risk management, treasury, and financial planning and analysis. Creating a cohesive ecosystem governed by simple rules and powered by AI, that reduces errors and waste, ensures optimal payment arrangements, and provides the visibility you need to increase decision velocity in response to changing consumer demand and market volatility.
Our software for consumer goods & services companies is here
to address the unique requirements of your industry.
Accounts receivable teams trust Serrala
Our solutions help you to offset the pressures of changing demand, slow growth, and uncertainty surrounding the costs of raw materials, packaging, and transportation, and the attendant pressures on margins. Successful consumer goods businesses must navigate these challenges to ensure a strong working capital position and sustainable cash flow by adopting agile inventory management practices, optimizing payment terms, and leveraging technology to enhance efficiency in supply chains and financial operations.
With our AI-powered cash application, collections and disputes, credit risk management, and Bill Pay solutions, your company can achieve high AR automation and payment matching rates of up to 99%. This means you’ll not only reduce blocked orders and manual errors; you’ll also have the resources you need to restructure your business model as needed to meet consumer demand and seasonal fluctuations in availability. And leverage data and analytics to gain the insight you need to improve financial decision making, sustain operational efficiency, and keep creating products and services that the market wants.
Safeguard your business against legal, data, cyber, and financial risk with minimal overhead. Automated clarification, anti-fraud, and anti-money laundering screening and GDPR reporting provide you with peace of mind in the face of rising costs and tightening consumer wallets.
Our customers use automation to allow their people to spend less time chasing invoices, and more time adding value. Helping you leverage your money and your people more effectively to create better experiences for your end customers.
Make immediate cost savings and revolutionize your cash flow process by automating up to 99% of payment reconciliation tasks with our AI-powered workflows. Giving you complete, up-to-the-minute control of your company’s finances to allow easier working capital allocation for investments and the development of new business models.
Our solution lets you apply all cash with automated, same-day matching. Freeing up capital for investment in new products, new ways of working, paying vendors upfront and to protect your interests in a difficult business climate.
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 for collections, deductions, and disputes are the most comprehensive available, allowing you to centralize and standardize to improve customer engagement and reduce time to pay.
Our solutions give you the power to automate processes across your credit risk management lifecycle. From accurately determining risk levels using AI to proactive risk mitigation strategies that add value, deepen customer relationships, and help protect your bottom line and avoid losses.
Serrala Avelate Bill Pay allows you to present all payment requests through a single online system, making it simpler for customers to pay you. We help you put an end to bad debt and write-offs, eliminate errors, and provide you and your customers with the transparency and experience that keeps them coming back for more – and keeps you competitive.
Safeguard your business against legal, data, cyber, and financial risk with minimal overhead. Automated clarification, anti-fraud, and anti-money laundering screening and GDPR reporting provide you with peace of mind in the face of rising costs and tightening consumer wallets.
Our customers use automation to allow their people to spend less time chasing invoices, and more time adding value. Helping you leverage your money and your people more effectively to create better experiences for your end customers.
Make immediate cost savings and revolutionize your cash flow process by automating up to 99% of payment reconciliation tasks with our AI-powered workflows. Giving you complete, up-to-the-minute control of your company’s finances to allow easier working capital allocation for investments and the development of new business models.
Our solution lets you apply all cash with automated, same-day matching. Freeing up capital for investment in new products, new ways of working, paying vendors upfront and to protect your interests in a difficult business climate.
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 for collections, deductions, and disputes are the most comprehensive available, allowing you to centralize and standardize to improve customer engagement and reduce time to pay.
Our solutions give you the power to automate processes across your credit risk management lifecycle. From accurately determining risk levels using AI to proactive risk mitigation strategies that add value, deepen customer relationships, and help protect your bottom line and avoid losses.
Serrala Avelate Bill Pay allows you to present all payment requests through a single online system, making it simpler for customers to pay you. We help you put an end to bad debt and write-offs, eliminate errors, and provide you and your customers with the transparency and experience that keeps them coming back for more – and keeps you competitive.
Transform your Invoice to Pay Process
Our AP automation and payment solutions help secure your supply chains and optimize cash flow. This gives you the power to increase operational efficiency, always understand your position and liabilities, and allocate resources more effectively.
The ability to process payments more quickly and more accurately allows you to save time, mitigate risks, and confidently allocate capacity to your company’s strategic objectives that would otherwise go to waste managing manual back-office processes.
Serrala customers report that our solution can save their teams thousands of hours a year across their invoice management and payment processes, from receipt to posting to vendor reporting. Which in turn helps them to improve their working capital across their service centres, increasing overall flexibility and confidence in the face of uncertainty.
Quick and accurate cloud-based invoice capture eliminates manual processing for digital invoices. Providing immediate visibility into spend across your whole company and with specific suppliers, and giving you extremely high touchless processing rates. Meaning less time spent managing invoices, and more time devoted to managing your financial strategy.
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. Giving your people the power to make decisions about the future of your business and its products with confidence.
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, reduce instability, ensure onward supply, and support a great end-customer experience.
A central hub for invoice processing across all your ERP and financial management systems streamlines workflows and improves visibility. A central hub for payments eliminates the need for multiple redundant bank portals and software solutions and helps you centralize your bank formats and connectivity.
Easily onboard or alter new business units, suppliers, or invoice volumes. Simplify payment processing with workflows that automatically route payment requests for review according to standardized formatting rules – whatever changes your company faces in the future.
Rule-based checks for up to 100% of your payment transactions make monitoring for fraud, flagging suspicious activity, and preventing double payments simple. Providing the bedrock of a better experience for your teams, and for your customers.
Direct connections to your supplier networks and banks make offering self-service portals simple – both internally and externally. And to centrally manage payments and bank communications for a more compelling user experience, improved visibility, and enhanced control. Ensuring a faster payment process and improved visibility of data and performance.
Quick and accurate cloud-based invoice capture eliminates manual processing for digital invoices. Providing immediate visibility into spend across your whole company and with specific suppliers, and giving you extremely high touchless processing rates. Meaning less time spent managing invoices, and more time devoted to managing your financial strategy.
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. Giving your people the power to make decisions about the future of your business and its products with confidence.
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, reduce instability, ensure onward supply, and support a great end-customer experience.
A central hub for invoice processing across all your ERP and financial management systems streamlines workflows and improves visibility. A central hub for payments eliminates the need for multiple redundant bank portals and software solutions and helps you centralize your bank formats and connectivity.
Easily onboard or alter new business units, suppliers, or invoice volumes. Simplify payment processing with workflows that automatically route payment requests for review according to standardized formatting rules – whatever changes your company faces in the future.
Rule-based checks for up to 100% of your payment transactions make monitoring for fraud, flagging suspicious activity, and preventing double payments simple. Providing the bedrock of a better experience for your teams, and for your customers.
Direct connections to your supplier networks and banks make offering self-service portals simple – both internally and externally. And to centrally manage payments and bank communications for a more compelling user experience, improved visibility, and enhanced control. Ensuring a faster payment process and improved visibility of data and performance.
Cash management and treasury software for the consumer packaged goods industry
Managing your finances the right way gives you the ability to make critical investments in new business models (such as direct-to-consumer sales), supply chain resilience, and further digital transformation.
Our solutions empower you to take total control of your cash, plan and forecast your liquidity, and simply and comprehensively manage your accounts and mandates. Helping you keep costs down, anticipate and plan for a number of possible futures, and ensure your teams have the resources they need to drive performance.
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.
Get the data you need with simple, intuitive configuration, whatever your products or market, whatever your teams need to know. Get a complete picture of yours and your customers’ spending and demand patterns, and plan your next moves around your unique market needs.
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 plan spend accurately, boost decision velocity, and respond to the market confidently.
Get a comprehensive, organization-wide view of your financial data. Stay informed of your cash position up to the second, and give your people the confidence to make the investments necessary to drive your business forward.
Flexibly configure your categories for cashflow-based planning, simulations, and scenarios. Act and react with confidence in a range of situations including supply uncertainty, wholesale market fluctuations, and sudden changes in customer demand.
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. Ensuring you have the strategic foundation to pursue whatever strategic initiatives your customers require of you in the future.
Get the data you need with simple, intuitive configuration, whatever your products or market, whatever your teams need to know. Get a complete picture of yours and your customers’ spending and demand patterns, and plan your next moves around your unique market needs.
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 plan spend accurately, boost decision velocity, and respond to the market confidently.
Get a comprehensive, organization-wide view of your financial data. Stay informed of your cash position up to the second, and give your people the confidence to make the investments necessary to drive your business forward.
Flexibly configure your categories for cashflow-based planning, simulations, and scenarios. Act and react with confidence in a range of situations including supply uncertainty, wholesale market fluctuations, and sudden changes in customer demand.
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. Ensuring you have the strategic foundation to pursue whatever strategic initiatives your customers require of you in the future.
Discover how Serrala’s solutions are transforming the way consumer goods businesses handle their finances
Tennant Company: automating AP for 100% invoice capture via OCR
Tennant Company is recognized as a leader in the cleaning industry, with innovative and sustainable solutions for effective indoor and sustainable solutions for effective indoor and outdoor cleaning, with a global revenue of $1.14 billion.
Processing around 30,000 invoices each month through 3 shared service centers, the company wanted a solution that would allow it to enable consistent global reporting, productivity, and cashflow, enforce controls and compliance, and increase the efficiency, accuracy, and timeliness of invoice processing.
Tennant chose our FS2 AccountsPayable solution. After a review of their invoice processing, we delivered a solution that automated the capture of unstructured invoice information using Optical Character Recognition (OCR), intelligently validates invoices against vendor and PO information, automates workflows for tax approval and exception handling, and provides real-time analytics and reporting of processing metrics for productivity, cashflow, and status tracking.
As a result, Tennant has been able to capture 100% of their incoming invoices using OCR, with 60% submitted electronically for direct OCR capture. This provides a single view of invoices currently in the system to allow the company greater transparency into invoice status, productivity, and working capital across all service centres while guaranteeing compliance with regulatory regimes across the US, Europe, and APAC.
Connect with us and begin unlocking the full power of your financial processes
